GrimRiderJ
126140
2706
309
#Im14andthisisdeep
Feb 25, 2017 10:02 PM
GrimRiderJ
126140
2706
309
#Im14andthisisdeep
mstalltree
Best country on Earth...If you're rich enough.
Trelkeen
This isn't really accurate. Income increases for all people but the rich are gaining faster. Both are seeing increases.
Owliebub
This brilliant idea won the Nobel Prize in Economics, and has been a guiding principle of conservative fiscal policy ever since.
gradhold
The first step to fix this is tax reformation and raising minimum wages by a factor of 2 to 3.
Dabadoo
raising the minimum wage has just made things worse in CA. My wife now make 25 cents less than her boss. Two of her bosses have quit.
jfd8u438fdsfkds
How about we get to the root of the problem and set a maximum wage?
physicsorpostagestamps
You want to get rid of jobs? Because that's how you get rid of jobs. Fact.
Dabadoo
it's a nice thought and I don't have a better answer but this doesn't work
Dabadoo
The responsibilities have just been passed down to the lower ranking workers. Prices are going up also right in line with pay increases.
gradhold
You are totally incorrect, the cost of buying a home/going to college/groceries has risen in sharp contrast to median/minimum wages
Dabadoo
Sorry to confuse you with reality. Home ownership? Median priced home in San Jose, 1mil. What am I incorrect about?
gradhold
The next step is regulatory reform (labor/health/environmental).
gradhold
The act of deregulation results in passing the cost/risk of doing business to the stakeholders/taxpayers
gradhold
the argument that the cost of raising minimum wage/compliance is too high is contrary to fact that the GDP/NASDAQ/DOW is the highest ever
Dabadoo
GDP growth is anemic, Dow and NASDAQ, irrelevant for years. From personal experience, raising minimum wage just adds more to the bottom.
gradhold
It can be one or the other. Either the businesses are struggling and our current paradigm isn't working, or...
gradhold
we need to rethink our mindless support of corporate America
TheDeanofLean
Reminds me of communism, it would probably work well if humans weren't a**holes. Actually, that's probably all things in life.
MacClay
Basically any economic system that isn't intentionally unfair would work if everyone involved was rational and just. But we aren't, so...
JessieJanson
Its a pity there isnt a govt body that assinates anyone in it that doesnt follow the constitution. maybe just fire them, but sending a msg..
SomePeopleCallMe
No, even that would be misused and corrupted over time.
jetflight
Communism would never work, actually. Not with humanity, at least. It's not enough to be "not asshole", you'd have to be "no longer human".
Ryebread91
Typically though any government would work if humans weren't greedy.
The5lacker
All trickle-down economics are is the delusion that people will Communize themselves (That's a word, right?)
billiebitkiller
Honestly we just need to take humans out of the equation and replace them with computers.
catsnatcher
I just finished reading the communist manifesto and i think it's relative failure could blamed on failed implementation to an extent
biolologist
Communism didn't fail because of failed application of the ideals, it failed because the leaders refused to integrate outside information
Kompi
In a sense ussr wasnt really running as a true communist state at all. By how it was running, it was totalitarian like the Nazi party.
Freaknik48
One year late but the USSR was a true communist state, communism is authoritarian by nature. Also the nazis were also socialists... 1/2
Freaknik48
Just nationalism instead of globalism. The idea that the the USSR wasn’t real communism is an attempt to make it look better by commies. 2/2
DogTaxEvader
Capitalism dictates that greed / hassoleness calls all shots, and then we are surprised that results are somewhat disappointing.
jfd8u438fdsfkds
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
exponant
Commoners are told to spend to "stimulate" the economy at exactly those times when it would be wisest to save.
P50Juan
[deleted]
[deleted]
WhatUpIGotABigHawk
It's a reference to Hillary Clinton's email scandal where she used a private server to house classified government documents.
johndogdogman
Nice excuses.
gingerbrdman
"Bernie! We miss you Bernie!" Trevor Noah
bvtthole
Trump has a private email server.
RealEternifity
Eyyy, but it's legal, regulated, and secure
CygloPargen
Ugh. Yeah, Trump sucks, but it wasn't emails as much as the rigged primary and corporate shilling and warmongering and the corruption 1/2 ..
CygloPargen
This meme boils it down to a false simplification for those who weren't paying attention during the primary. The DNC is to blame for... 2/3
CygloPargen
Pushing a flawed, corrupt, losing candidate down our throats and "elevating" Trump because they thought he would be easier to beat.
Mehhhhh69
Shits creek?
Spidermattman
Schitts*
hungoveratworkguy
P50Juan
I love this but that "1" where it should be an "!" drives me crazy.
P50Juan
Outlawnightmare
we got to choose between a moron and an pretty much openly corrupt politician.... was a fun year.
P50Juan
If you don't think the Donald is corrupt I have a property I'd like to sell you...
P50Juan
...or perhaps you'd like to enroll in my "University?"
mugglessuck
When compared to wine I want the top glass to keep getting bigger as long as it's mine
RookVector
Personally, I don't like being trickled on.
gleely
that hashtag made me do a doubletake and upvote, lel
Tychodin
And then the glasses at the bottom break.
movethebongos
And idiots blame immigrants for the bottom glasses breaking.
GrimRiderJ
Divide and conquer
SomeCrazyNerd
The shitheads greed is too heavy.
ForgotMyOtherAcct
the bottom glasses only break due to their lack of moral fiber.
TheDudePlayingTheDudeDisguisedAsAnotherDudeRDJ
Then the larger one complains they're incompetent and threatens them.
GadenKerensky
Then the larger one has his home raided, he is torn apart and paraded through the streets hanging from a pole by his entrails.
UpvoteSquirrel
Good ol Mussolini.
GadenKerensky
I cannot recall if he was disemboweled or not, but he was brutally murdered by an angry mob. Left his body to rot on display. It was rough.
jfd8u438fdsfkds
So? They aren't needed anymore.
crashmcleroy
And then they're broke! I'll see myself out
suicideclintonbullets
And must put the pieces back together on their own while even more weight is added.
tankdog420
And then easily replaced with brand new glasses just waiting to break.
cole0
Sneaking in some subtle politics w/o being a douche, +1
Tunisia
The glasses at the bottom need to just pull themselves up by their bootstraps and stop being so entitled.
Logeon
Nigga, we can't even afford shoelaces! What do you mean, "bootstraps?"
GrimRiderJ
Stupid glasses
schleimkeim
If only...
GrimRiderJ
When peaceful means of change are no longer effective you only leave room for violent change. - Dan Carlin, Hardcore History
Aathole
So many talk about violent change.... until they see what it involves. Then they cry to go back because it is not a happy option.
GrimRiderJ
Well the original speaker was referring to the fall of the Roman Republic, so was able to see in detail what was involved.
ratfinkfuck
I love that podcast!
Memes4Cheap
"why do people have to riot and stuff when they protest" -imgur
Danmanbadman
Yes destroying businesses and vehicles that people worked their ass off for is complete fair and validates my fucking point entirely.
Xenarion
Pfff, forget riots, Imgur gets pissed off at peaceful protests too. Don't you DARE block the road!
MatrimBloodyCauthon
Gif of Michael Scott saying thank you
TheDudePlayingTheDudeDisguisedAsAnotherDudeRDJ
I'm always left wondering...is now the time?
lostnortherner
Peaceful protest isn't working anymore, they just wait until you leave like occupy Wall St or send in the military like in Dakota.
GrimRiderJ
Like a Tinderbox waiting for the match
MythologyFacts
+1 just for referencing Dan Carlin. He's like a god of history commentaries.
GrimRiderJ
Been listening to all his History episodes at work
thematman92
I remember the first time I saw this.....10 years ago..... didn't fix shit then either.
crispin007
ISenseAChallenger
Hey look it's me on Fridays
SuperNintendoEntertainmentSystem
Are you posting Amy Schumer on imgur? I like the cut of your jib, son.
MrRauchPotato
I chuckled then realized that's any schumer. Am I retarded
qvconthetivo
It's okay to like things
finstad4
Khaotix11
Psst. The opposite doesn't work either.
DrunkGooses
But what about trickle down banging?
FajitaPrinceofAllMexicans
That's what's going on, they're fucking us.
jmrex
Horseshit. Where's the wine coming from?
Dabadoo
therein lies the rub
GlazedNConfuzed
BERNIE
jfd8u438fdsfkds
...would be president if we used a cardinal voting system.
PeopleCouldntBuildThis
True... but thats when we must stop buying wine for the top glass. #YouAreTheCauseAndSolution
igyuk
Tearing down other's arguments is easy. Suggesting solutions is hard. What do you have in mind?
88wut
Limits on financial worth
FajitaPrinceofAllMexicans
Anti corruption laws, including ending of Gerrymandering.
TiredOfTheBS
Seriously how the fuck is that not illegal. This is Austin, TX (very liberal) /a/Hcndb
Munchman347
The new admin is tearing down all the solutions that were put in place over the last 8 years, so were back where we started...
HystrixAB
A great many fix ideas have been made. From big complete revitalization efforts to even fixing policies and renewing public domain.
ambiencenever
Let's start with NOT repealing Dodd-Frank.
TrustMeImABassist
Let's seize the means of production, obviously.
KeepYourTangoAndYourFoxtrot
Trickle-down said we should lower taxes for the rich ("job givers"). Let's start by raising those taxes back up.
Elroydb
As far as raising revenue the current tax rates are much more effective than the higher tax rates
Spadey
But I might be rich someday, and I'll be damned if I let you take any of my hard earned money.
DoctorDelta
The chances of you being "rich" will increase if we change the definition of "rich" with a revised economic system.
TheGame21x
But every time that's suggested, someone inevitably screams "CLASS WARFARE!!!" And the argument either peters out or devolves into screaming
dirtehscandi
What is your "fair share" of what somebody else has worked for though?
tetter99
What is your definition of "worked for"?
dirtehscandi
Earned as a result of a contractual agreement between two people in exchange for one's labor or skills
TheDeanofLean
I believe the thought process is that if you benefited so much from the system, you should give back to it also.
OscarsEstus
On who? The top 1% or 2%? Many people in that tax bracket are small business owners or hard working higher ups in varying industries.
ambiencenever
Let's start with NOT repealing Dodd-Frank.
degenerator
Prolly a lot of the Bernie Sanders stuff. Making the necessities for success affordable. Short term? Encourage training in the trades.
Elroydb
Making the necessities of life is the single most difficult economic objective
Dabadoo
uh, how bout we take your hard earned money and give it to the lazy d-bag down the road. yep, that'll do the trick.
LordFancypantsicus
Sooo, a CEO?
TiredOfTheBS
So everyone who is poor is a lazy d bag? Wow your world must be scary.
Dabadoo
didn't say all. I know a lot of hard working people who can't a decent apt and don't qualify for any assistance. Yes It is scary for some.
Dabadoo
love to live in yours with all the rainbows and unicorns
pandorableOne
Easy. Turn off the spigot. Campaign finance reform is the place to start.
5po0ky
Higher tax rates for wealthy, income and capital gains. Taxing the derivatives market. More labor protections, no right to work, etc
realidahoan
Herbert Hoover, is that you?
Elroydb
Every penny from capital gains has already been subject to either personal or corporate income taxes :/
5po0ky
For people that only own investments as income, this is incorrect. It is this group of people that historically pay less in taxes vs. their
5po0ky
income than every other American. Warren Buffet speaks on this often. Derivatives mkt. has 1000x more $$ in it than actually exists, yet the
5po0ky
Gov't doesn't tax it at all. It's like a casino with a poker room bigger than the actual casino itself and not taking a cut for the house
DonaldTrumpsFlaccidHairpiece
Uh, no right to work? Fuck that, I don't wanna be part of a union, shit.
teamdouche
God forbid joining a union who looks out for your saftey keeps employers in check, make sure you get paid, and give you a pension
Doktor101
And being forced into one within certain fields doesn't strike you as wrong?
Elroydb
You're fine with joining a union and paying dues as a requirement for a job?
teamdouche
i m because i went from making 15 bucks an hour to 36 i get double time on weekends my dues are only 250 a month
DonaldTrumpsFlaccidHairpiece
Uh, yeah, I've been working for 18 years, never part of a union, have a decent life, don't want a union fucking it up thx
teamdouche
Ive done both so i actually kno the difference how would u know if u mever been in a union
teamdouche
I do construction for a union i get paid twice as much as i did b4 bosses dont do the shit they did in non union like not pay us for hours
QuincyEndicott
I can almost see the tide though! And my little boat only has like a million leaks. It'll hit soon enough.
Elroydb
Jesus Christ fucking take Econ 101 and 102 already
bigdaddyfatpants
The pope actually said this.
haltwenty13
No one believes trickle down economics anymore anyway.
Penguinsruletheworld
A bunch of fucktards here still do so You're wrong.
haltwenty13
No one who matters. Lol. Sorry I guess I meant in economics.
gmaverick019
speak to the majority of trump voters and to an extent hardcore libertarians. there are tons of them out there.
haltwenty13
Hardcore libertarians don't even from what I can tell believe in libertarianism.
gmaverick019
I do think libertarianism is in a weird place in america right now..lots of misplaced conservative voters but at the same time hate the 1/2
gmaverick019
democratic party with a passion (due to big goverment types) so they are stuck finding a non-extreme identity to support.
barbiemarley
Exactly, and then the big fat glass starts attacking the lower glass citizens for no reason.
FajitaPrinceofAllMexicans
It's more of, "Oh you caught a drop? Mine now."
TheGame21x
Well there's always a reason. As long as we're fighting amongst ourselves, they can continue enriching themselves in peace.
FlusteredMustard
3dgy
FajitaPrinceofAllMexicans
You must be paper skinned when something that's barely edgier than a bowling ball is too edgy.
GrimRiderJ
5me
SomeGuyWhoKnowsStuff
That's cause economics isn't a pyramid, it's an ecosystem. There IS no up or down, those are only justifications from stealing shit. >>
SomeGuyWhoKnowsStuff
The "up" or "down" merely describe who is being stolen from vs who does the stealing. So, enjoy your theft-based economy.
bananatwat
Fake news
gorillaClutch
One if the reasons rich people are rich us because they are good at not spending money
TheGame21x
The majority of rich people are rich because they inherited their wealth.
physicsorpostagestamps
Facts?
AdvonKoulthar
I guess we shouldn't be successful to leave money behind for our children then?
TheGame21x
Because that's what I said?
Khaotix11
That would depend on how rich you're talking.
TurtBurglar
Trickle-down was one of the worst economic ideologies in American history. It literally made no sense right from the start.
aegis27
The thing is, it did make sense to the people it would benefit, and they tricked everyone else into thinking it made sense for them too.
Kompi
It also sounds stupid. Leads to jokes like "The only thing that'll trickle down is bullshit".
Snotty128
It doesnt help us guys at the bottom if the guys at the top can get endless cheap labour from mexico, china, or eastern europe.
TurtBurglar
Yeah, but that doesn't apply much to trickle-down.
grumio
It does if the incremental investment/growth is driving profits for the top but the corresponding job growth is offshore...
TurtBurglar
Yeah, actually I don't know why I said that. You're right. I wasn't really thinking.
KonradHartmann
Compare a Middle class man from Europe or North America to one from Central Africa... Do you really believe it doesn't make sense?
GrimRiderJ
Depends on if you were getting the $ or not.
Orcus424
If you're the horse it's great but if you're the sparrow it's literally shit. >
Orcus424
Sauce: http://www.newmainetimes.org/articles/2012/07/30/horses-and-sparrows-myth-trickle-down-economics/
TurtBurglar
Well yeah, but the majority of Americans weren't the ones benefiting. I'm surprised that they let it happen. I wasn't alive for the Reagan
TurtBurglar
administration, but my parents still talk about how Reagan was one of the greatest presidents and tell me that I have no place to speak
TurtBurglar
against Reagan because I wasn't alive during that time and therefore can't possibly know what his policies were idiotic and destructive.
TurtBurglar
that*, I mean.
daveisamonster
I just know he made a lot of wounded vets homeless.
awkwardmoment
I mean it isn't an economic ideology. It's a political slogan used by those who don't understand any economics.
boomslander
The people who implement that "policy" understand economics. Do you think they didn't know precisely what they were doing?
awkwardmoment
No. It sounds like you're conflating those who used the term and those who implemented the policies. Different people.
TurtBurglar
That's true. "Economic ideology" isn't the term I should have used, but it still got my point across to the same extent.
jmrex
Thank you!
biolologist
Supply-side economics is intellectually bankrupt
awkwardmoment
Lol.
Orcus424
Trickle-down aka Horse and Sparrow 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'
OriginaIPoster
It makes sense, humans are just assholes
TiredOfTheBS
Ima call out your incorrect use of past tense. It's def happening right now.
XoxSmotpokerxoX
Even more so
SweetJackal
It would work if an increase in profits to the top would have them spend a proportional amount more on the market/workforce. They don't tho
elkhoundsforeveryone
Pretty much this
TurtBurglar
Basically. It comes down to "But what if the rich don't use their wealth to benefit the middle-class?" "Nah, they totally will."
ByThePowerofCommonSense
It was meant to be if you incentivized corporations to make more money they will higher people and bring unemployment down
ByThePowerofCommonSense
But with corporations leaving and automating workforces all it did was make them much richer while not paying nearly as much tax as before
willzyx1980
That's because it was a straw man argument right from the start
TheHawkNY
Was?
Elroydb
The wage and price controls of the 70s was far worse. At the very least "trickle down" has proven to not produce high inflation
Wastyvez
Sadly the neoliberal ideology popularised by Reagan and Thatcher is still a ruling economic policy of many right-wing parties to date.
willzyx1980
The ideology popularized by Reagan and Thatcher had nothing to do with "trickle down" other than that idea was a straw man used to try 1/
willzyx1980
to ridicule them, by people who know nothing about economics. Neither of them promoted the idea. Their actual policies revived the 2/
willzyx1980
stagnant economies of the US and UK and ushered in the Great Moderation. 3/3
Wastyvez
I mean most contemporary top tier economists no longer support this idea, but hey who needs experts anyway.
KonradHartmann
Lol, who are your "top tier economy experts"?
Wastyvez
Edmund Phelps, Stiglitz, Akerlof, Krugman, Galbraith, Amartya Sen (all nobel prize winners), the IMF, the World Bank,...
KonradHartmann
I couldn't find your sources, read: http://economyandmarkets.com/economy/innovation/trickle-down-economics-works-just-ask-the-middle-class/
Wastyvez
You'll be hard pressed to find a contemporary economist that will unconditionally support neoliberal economics the way politicians do.
KonradHartmann
I love how left wings use neoliberal. You know that word actually means a merge between classic liberalism and socialism, I.e. welfarestate
bobthebuilder6
It works if you ignore a fundamental human quality, greed. Without greed it would work. But everyone is greedy to a certain point.
ImANurse
Can work somewhat. Ive always wanted a custom pair of handmade boots. Cant afford or justify right now. But if i paid less taxes i could 1/2
ImANurse
Afford sooner. And that money would go to the boot maker
TurtBurglar
Sort of, but even without greed as a factor it didn't really make any sense. Communism is a perfect system, without factoring in that human
TurtBurglar
beings are greedy and power-hungry. But trickle-down is just "if we help the rich get even more rich, the middle-class will benefit". We
bobthebuilder6
That's not the idea of trickle down though it's if the rich have more expendable money they will create jobs that the money flows down.
bobthebuilder6
Also you have to factor in the greed factor for communism as well...
OriginaIPoster
The idea is that if the rich has more capital they'll expand buisness which will open new jobs and allow raises
TurtBurglar
Right, but that's obviously not the case. They already had the funds to give raises and benefits to working class employees before
TurtBurglar
should have known better.
RandomAbscessMemories
Ideally, it works fine. If the business as a whole is making more money, it can pay its workers more. The problem is that they don't.
RayLynch
Biggest lie of the liberal left.
TraitorousTrump3
Not sure if you're being sarcastic or ignorantly stupid.
RayLynch
If the people on the bottom got nothing, they wouldn't be there to prop up the biggest glass you fuckwit.
TraitorousTrump3
Perhaps you don't notice that those glasses are empty. But thanks for so clearly answering my question.
RayLynch
Take an economics class you moron.
TraitorousTrump3
No need to keep answering my question.