Adam Smith, the father of capitalism, spoke out against wealth hoarding as unproductive wealth. He believed in a progressive tax

. "The rich should contribute to the public expense, not only in proportion to their revenue but something more than in that proportion." Trickle down economics are simply anti-capitalism. It's socialism for the rich. He believed is capital is stagnant and pools at the top, it is a sign the system is failing.

This page is a permanent link to the reply below and its nested replies. See all post replies »

Kwek00 · 41-45, M

Trickle down economics are simply anti-capitalism. It's socialism for the rich.

🙄

But I guess this is what the brain concludes, when you already adopted the idea that "Adam Smith" is "the father of capitalism" and therefore defines it...

But I'm glad you are reading. That's a good thing. Keep i t up. 👍

Ferise1 · 46-50, M

@Kwek00 boot liquor

whowasthatmaskedman · 70-79, M

@Kwek00 Thank you for providing such a deep and cogent analysis of your alternative theory..I had to flush twice to clear it..😷

Kwek00 · 41-45, M

@whowasthatmaskedman The word "socialism" seems to be just thrown in there for fluff reasons. 🤷‍♂

whowasthatmaskedman · 70-79, M

@Kwek00 Yes. We can agree on that. But it does have a specific meaning.

MethDozer · M

@Ferise1 mah, hes not.

I agree with some of your analysis but youre kind kf flawed saying trickle down is anti-capitalist. Same that it is socialism for the rich. Its just the natural progression of capitalism. Same with bailouts for big buisness or banks being called socialism for the rich. It sorta feels that way, but it isn't, it's capitalism plain and simple. Its the economy being dominated and protecting the capital owning class insteadnof society and the worker.

Ferise1 · 46-50, M

@MethDozer yes indeed it’s disgusting