Figuurzager t1_j1fhwu2 wrote
Reply to comment by wwarnout in Inequality in annual earnings worsens in 2021: Top 1% of earners get a larger share of the earnings pie while the bottom 90% lose ground by sillychillly
It can start trickling down any moment!
Suitable-Airport-644 t1_j1ftllt wrote
Hahaha. Fucking trickle down economics is a crime against humanity. Can you believe that asshole won a Nobel prize?
Til_W t1_j1hrcv8 wrote
"Trickle Down Economics" isn't real, it never was actual serious economic theory (let alone consensus), but rather used as a political strawman.
When people accuse economists of promoting TDE, it is usually a mischaracterization of actual theories.
theclitsacaper t1_j1gsgiz wrote
Economics doesn't have a Nobel Prize
Suitable-Airport-644 t1_j1gsssr wrote
You sure about that?
https://www.nobelprize.org/prizes/economic-sciences/1976/ceremony-speech/
ssatyd t1_j1h6vsx wrote
It's the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel", which has been created in the 70s, so it's not really the same as the other Nobel Prize categories that were conceived and funded by Alfred Nobel himself. I agree that It would be a bit weird to just add another category when those were clearly laid out in Nobel's will, hence i share the sentiment that there is no "true" Nobel prize in economics.
0b_101010 t1_j1hbjmm wrote
Yeah it's a bloody fucking Nobel Prize.
Suitable-Airport-644 t1_j1h7c46 wrote
MagicPeacockSpider t1_j1ijq1z wrote
Considering the only point it's been proven that wealth gets redistributed from top to bottom with the current right wing model is inheritance tax (which they want to cut) and following generations spending the money (which they try and avoid with trusts.
You're not actually wrong.
As those who have benefitted from these terrible economic policies did it will actually begin to trickle down.
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