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"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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Sebastian Sylvan

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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?

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Eeyore was the cheerful one in the family.

@QuixotesDonkey

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The millionaire. They will turn it into more. The uneducated person will spend it and be right back where he started eventually. Wealth isn't a fixed our, it's literally created by our labor, ideas, etc. Think of all those 'started the business in the garage' billionaires.

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Sebastian Sylvan

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@QuixotesDonkey

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Empirically, this is not true. Like we tried this many times and it failed every time.

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@QuixotesDonkey

other people in my comments are saying it worked really well when we tried it. people have widely differing perspectives on this

2:18 AM · Dec 28, 2019

Sebastian Sylvan

Replying to

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@QuixotesDonkey

They are wrong. Look at the most recent example. It made rich people richer, but had almost no effect on the economy as a whole.

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