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Topic	Why did trickle down economics not work?
adjl 03/23/24 11:19:01 AM #23:	robbobmur posted... What policy change is going to get the poor to invest in and practice wealth creating actions instead of spending their funds on necessities and luxuries? How did you write this sentence and not realize the answer of "paying for necessities"? Like, even acknowledging that there's a lot of economic nuance to consider in order to actually execute that idea optimally, and there may be more effective ways to do it than just throwing money at people, that question just straight-up answers itself. If people's necessities are taken care of, that provides more opportunities to spend their time and the money they make on decisions that can increase their wealth. That's just obvious. The problem with wealth disparity is not "some people have a lot of money and some people don't." It's "some people have an ever-increasing share of the money, leaving an ever-increasing number of people barely able to survive." There will (and I might even say should) always be people with more money than others, who are able to live in greater luxury than others as a result of their wealth. That's not inherently a bad thing. What's bad is when that spirals out of control to such a point that basic subsistence is beyond many people's reach. robbobmur posted... So was slavery , or Japanese internment during WW2, or any other transgression committed by the government of da people. Just because it's legal by democratic vote ; doesn't mean it's moral, fair , or just. Did you really just compare the mass imprisonment of thousands of innocent people to "maybe billionaires don't need to be quite so billionairey"? OhhhJa posted... Well, for one, if I didn't have to pay out of pocket for health insurance that'd save me some money every paycheck. This one doesn't even need tax reform. The US already pays significantly more tax dollars per capita on health care than any other country in the world. That it gets such terrible results is purely a consequence of how much the current private insurance system inflates costs, not anything more tax dollars are needed to fix (aside from an initial investment to overhaul it). --- This is my signature. It exists to keep people from skipping the last line of my posts. <cite>adjl posted [p:979520938] in Why did tr... [t:80728002]...</cite> <quote>robbobmur posted... </cite><quote>What policy change is going to get the poor to invest in and practice wealth creating actions instead of spending their funds on necessities and luxuries?</quote>How did you write this sentence and not realize the answer of "paying for necessities"? Like, even acknowledging that there's a lot of economic nuance to consider in order to actually execute that idea optimally, and there may be more effective ways to do it than just throwing money at people, that question just straight-up answers itself. If people's necessities are taken care of, that provides more opportunities to spend their time and the money they make on decisions that can increase their wealth. That's just obvious.The problem with wealth disparity is not "some people have a lot of money and some people don't." It's "some people have an ever-increasing share of the money, leaving an ever-increasing number of people barely able to survive." There will (and I might even say should) always be people with more money than others, who are able to live in greater luxury than others as a result of their wealth. That's not inherently a bad thing. What's bad is when that spirals out of control to such a point that basic subsistence is beyond many people's reach.robbobmur posted... </cite><quote>So was slavery , or Japanese internment during WW2, or any other transgression committed by the government of da people.Just because it's legal by democratic vote ; doesn't mean it's moral, fair , or just.</quote>Did you really just compare the mass imprisonment of thousands of innocent people to "maybe billionaires don't need to be quite so billionairey"?OhhhJa posted... </cite><quote>Well, for one, if I didn't have to pay out of pocket for health insurance that'd save me some money every paycheck.</quote>This one doesn't even need tax reform. The US already pays significantly more tax dollars per capita on health care than any other country in the world. That it gets such terrible results is purely a consequence of how much the current private insurance system inflates costs, not anything more tax dollars are needed to fix (aside from an initial investment to overhaul it). --- This is my signature. It exists to keep people from skipping the last line of my posts.</quote> ... Copied to Clipboard!
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