this post was submitted on 07 Nov 2024
270 points (98.2% liked)
Leopards Ate My Face
3310 readers
414 users here now
Rules:
- If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
- Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
- The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
- For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
- All Lemmy.World Terms of Service apply.
Also feel free to check out !leopardsatemyface@lemm.ee (also active).
Icon credit C. Brück on Wikimedia Commons.
_portrait.jpg){kind=link}
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But the "economy" on paper is indeed fine, there is just itty detail that it doesn't trickle down to most voters, who will then seek shelter from these madmen with the other idiot they find selling an even worse alternative...
It's so inflexible that the american system only enables two parties.
The trickle down thing was obviously wrong many decades ago. Now it's only said ironically.
Not only do the 'spoils' at the stock market not trickle down, but Trump is probably going to give a huge tax cut to rich people in his first week as president in 2025. The only way it can trickle down realistically is by high taxes on the rich paired with UBI or federal jobs programs, which isn't something that Republicans would do. The Private Public Partnership model also favors the rich as the private company owners and executives take most of the gains while paying terrible wages to everyone else. Hence, "the rich get richer and the poor get poorer".
The stock market is fine. It's just often confused for the economy.