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Aella_Girl's profile
Aella
Aella
Aella
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@Aella_Girl

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@Aella_Girl

whorelord http://aella.hns.to 

Austin
knowingless.com
Joined September 2012

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    1. Aella‏Verified account @Aella_Girl 27 Dec 2019

      "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?

      335 replies 15 retweets 361 likes
    2. Sebastian Sylvan‏ @ssylvan 27 Dec 2019
      Replying to @Aella_Girl

      Think about it this way: give 1000 bucks to someone who's a millionaire, what will they do with it? Now give 1000 bucks to someone who's poor, what will they do with it? Which of the two options contributes more to the economy?

      6 replies 0 retweets 27 likes
      Aella‏Verified account @Aella_Girl 27 Dec 2019
      Replying to @ssylvan

      The poor person buys stuff, the rich person invests in a company. Both seem great. Both seem more economically efficient than giving the money to the government

      3:57 PM - 27 Dec 2019
      • 70 Likes
      • Toucher of Grass william Echosarts Lady Love the $honeybee a.k.a. u/21745 Leon Coe Rick Falkvinge Correct Opinion Haver Christopher
      11 replies 0 retweets 70 likes
        1. New conversation
        2. Sebastian Sylvan‏ @ssylvan 27 Dec 2019
          Replying to @Aella_Girl

          The rich person is *much* more likely to just stick it in some passive investment account or leave it in their checking account, even. Rich people do invest, but it's not like every dollar given to a rich person goes to investment. Again, we've tried this. It doesn't work.

          3 replies 0 retweets 31 likes
        3. Sebastian Sylvan‏ @ssylvan 27 Dec 2019
          Replying to @ssylvan @Aella_Girl

          See e.g. https://qz.com/1769421/trumps-tax-cuts-and-jobs-act-shows-poor-results-after-two-years/ …

          1 reply 0 retweets 6 likes
        4. Show replies
        1. New conversation
        2. (((David Shor)))‏Verified account @davidshor 27 Dec 2019
          Replying to @Aella_Girl @ssylvan

          In theory yes. In practice real long term interest rates being near zero means we’re pretty far past diminishing returns of savings rates increases leading to productive investment.

          2 replies 0 retweets 2 likes
        3. (((David Shor)))‏Verified account @davidshor 27 Dec 2019
          Replying to @davidshor @Aella_Girl @ssylvan

          Interest rates are *really* low, like, at barely ever before seen rates in the scope of human history, that breaks a lot of things https://twitter.com/davidshor/status/1188483810217857024?s=21 …pic.twitter.com/LIf33HJBPK

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. EricArrrrr‏ @OakPaul 27 Dec 2019
          Replying to @Aella_Girl @ssylvan

          Remember, buying a stock other than a share issue isn't investing in the company. It is making a bet that the company will do something that makes the stock price go up. It contributes zero to the economy, or the company, it just parks money somewhere you hope is safe until sell

          1 reply 0 retweets 6 likes
        3. Kate Baumli‏ @katebaumli 27 Dec 2019
          Replying to @OakPaul @Aella_Girl @ssylvan

          Sorry I don’t understand your point. Even if you buy stock in the secondary market, the money is not just sitting there? The $ goes to the person selling the stock (+ commission fees to the brokers etc) both of whom can then invest it in something else, no?

          1 reply 0 retweets 3 likes
        4. Show replies
        1. New conversation
        2. Thomas Gilray‏ @tomgilray 27 Dec 2019
          Replying to @Aella_Girl @ssylvan

          This seems like the answer you're looking for. When wealthy people have more money they invest it in companies, real estate, etc. When poorer people have more money they invest it in day to day needs via local businesses (plus walmart, etc). Not all investment has equal "quality"

          1 reply 0 retweets 0 likes
        3. Thomas Gilray‏ @tomgilray 27 Dec 2019
          Replying to @tomgilray @Aella_Girl @ssylvan

          But deciding what kind of investment is most needed is complex as all these decisions ramify non-obviously, and no two people are likely to agree on what should be invested in. I agree that either case of investment is probably better than centrally-planned investment.

          1 reply 0 retweets 0 likes
        4. Show replies
        1. BertoAllen‏ @ObbytheObserver 27 Dec 2019
          Replying to @Aella_Girl @ssylvan

          What reason would a rich person have of investing? Now what about a poor person? The intent matters and may lead to an answer for you. The rich person is likely to invest to gain more wealth, etc. The poor person invests to survive. Trickle down supports wealth, not survival.

          0 replies 0 retweets 0 likes
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        1. joe‏ @travlbum 27 Dec 2019
          Replying to @Aella_Girl @ssylvan

          tangential question: what do you think is the most efficient solution to the homelessness epidemic in urban california?

          0 replies 0 retweets 0 likes
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