"trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?
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No, it's meant to indicate whether or not the economy is doing well.
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Only for those who have ownership of stock in the market. The market reflects how good the economy is for the class that owns assets. More and more people do not fit this category. More and more people will never “own” anything, and have to pay money to those that do.
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I own stock. If I get richer from stock going up, I invest more and have more to spend on e.g. a house, which requires paying people to build it. Taxes on income do seem to reduce the usefulness of trickle down tho
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only for stock owners (mostly rich people)
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I own stock, and when I do well I spend more on local shops, goods, maybe buying a house
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its more good for the shareholders than "the economy" whats good for the economy is the circulation of money. working class people with money to spend.
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Not necessarily. Arguable, even GDP growth is a terrible measure, though it's much more relevant. 1 guy making 2 million dollars and a million folks being out a dollar is GDP growth of a million dollars, which leaves 99.9+% of the people economically worse off.
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One issue is that the stock market isnt a good indicator or the economy as a whole. The wealthiest 10% of the population owns >80% of stocks, with nearly half of Americans owning none at all. And when wealthy people get more money they invest it, which doesnt even help businesses
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Well, my company used the massive tax cut to lay off 20,000 people. (It's costs a lot of money to fire people)
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:( it shouldn't cost that much money to fire people
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