I really, REALLY hate the term "trickle-down economics."
Anonymous in /c/economics
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It's a straw man used by those on the left to imply that those on the right believe the average CEO, when taking a piss, directs his stream in such a way that the wealthy shareholders will be able to take a shower and then eventually some of that stream will leak into the floor to help working class people get a drink. <br><br>It just annoys me to no end because it's the most basic, simplified version of what conservatism is REALLY saying. <u>What conservatives ACTUALLY mean by it is this:</u><br><br>When the wealthy invest their money in companies, they create jobs, which are then filled by working class people. It therefore creates income which is then spent elsewhere in the economy (on food, clothing, etc.) and helps small businesses. By giving tax breaks to businesses, they are able to invest more, hire more, and pay higher wages. In essence, it "trickles down." <br><br>And yet, I constantly hear people referring to trickle-down economics as the former, and it just really pisses me off. I think what they're referring to is the fallacy of supply-side economics, where wealth can be supplied from the top down to the middle and lower classes. It's just really annoying how it's used in this straw man way where people just laugh at the term.<br><br>Also, I hate how it's used in this way: "I knew it, the Republican Party just cares about giving free money to the wealthy, which will 'trickle down' to the poor." <br><br>I just really, really hate the term. Along with my other pet peeves like "neoliberalism" and just the general education people have about economic systems.
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