JimboSaturn · 56-60, M
Nope. The capitalists are suppose to put the profits back into the industry hence employing more people etc... Of course they don't do that but hoarde all the profits themselves.
JSul3 · 70-79
@JimboSaturn Unregulated capitalism is dangerous.
"Trickle down" is and always was, the elite class relieving themselves upon those beneath them in the chain of society with a golden shower.
ChipmunkErnie · 70-79, M
Will Rogers was making fun of Trickle Down back in the 1930s. Didn't work then, still hasn't worked yet.
Well, to be fair -- it DOES work the way it's creators planned it -- the poor buy into it and the rich get richer.
Well, to be fair -- it DOES work the way it's creators planned it -- the poor buy into it and the rich get richer.
Northwest · M
Unlike the MAGA says, it's not that people are making more money. In fact the tech companies leading AI, fired 25% to 35% of their workforce, and they're re-hiring at 50% of what they used to pay.
justbob · 61-69, M
You have chosen a silly metric. The point is not whether or not somebody else has more than you. The point is that you have more now than you did then.
In 1965 color TV was an expensive luxury (my family could not afford one)
In 1990 hardly anybody had a cell phone (I could not afford one then)
In 2025 almost everybody has such things and more.
In 1965 color TV was an expensive luxury (my family could not afford one)
In 1990 hardly anybody had a cell phone (I could not afford one then)
In 2025 almost everybody has such things and more.
View 8 more replies »
G7J2O · M
@justbob I’m very familiar with Milton Friedman. His prescriptions such as tax cuts at the top, deregulation, weakened unions, and shareholder primacy were implemented across the US, UK and much of the OECD from the late 1970s onward.
Since then productivity has risen, wages have stagnated, housing healthcare and education costs have gone through the roof, and wealth and political power have been concentrated at the top, particularly as there are no limits on campaign finance in America.
If Friedman’s model “works,” judge it by outcomes, not reverence, why don't you.
Which specific prediction of his has delivered broad, sustained prosperity for workers?
I'll wait.
Since then productivity has risen, wages have stagnated, housing healthcare and education costs have gone through the roof, and wealth and political power have been concentrated at the top, particularly as there are no limits on campaign finance in America.
If Friedman’s model “works,” judge it by outcomes, not reverence, why don't you.
Which specific prediction of his has delivered broad, sustained prosperity for workers?
I'll wait.
JonLosAngeles66 · M
@justbob wow you took a dark hateful turn. Lol
ElwoodBlues · M
@justbob Regardless of you & your son's your reported success, younger people on average are doing measurably worse than 40 years ago.
In constant dollars, real wages for non-supervisory employees have barely changed even though worker productivity has grown steadily.

Home ownership rates are down, denying younger people access to the best way to build a nest egg.

Median age of first time home buyers has been rising.

The numbers don't lie, @justbob.
In constant dollars, real wages for non-supervisory employees have barely changed even though worker productivity has grown steadily.

Home ownership rates are down, denying younger people access to the best way to build a nest egg.

Median age of first time home buyers has been rising.

The numbers don't lie, @justbob.
JonLosAngeles66 · M
George H. W. Bush called it "Voodoo Economics" when he ran against Reagan.
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