Comment on What did Musk and Trump fall out over?

• butwhyishischinabook@lemmy.world ⁨5⁩ ⁨days⁩ ago

  A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it and reflexively support tax cuts for the wealthy reflexively. A lot of those same people also think that kicking people off of what they consider to be “welfare” will somehow magically result in those people quickly becoming employed, thinking that the reason they aren’t employed is because they aren’t facing serious enough consequences for unemployment.

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  • grue@lemmy.world ⁨5⁩ ⁨days⁩ ago

    A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it

    It has literally never worked, even over a century ago when it was called “horse and sparrow economics,” and it never will.

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• Ghostalmedia@lemmy.world ⁨5⁩ ⁨days⁩ ago

  I guess the big argument is that giving a bunch of money to the wealthy will stimulate the economy. Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much to support that argument. Trickle down economics hasn’t been shown to work.

  I also, if you’re in the camp that doesn’t believe in climate change and or thinks poor people are poor because of character flaws, then you probably like this thing. Or if you’re a wealthy person who donated a lot of money to republican politicians, you probably like this thing, because it’s a return on investment.

  It’s not particularly great. Many people on the right only voted for it because they’re afraid Trump will primary them, and end their political careers, if they oppose.

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  • grue@lemmy.world ⁨5⁩ ⁨days⁩ ago

    Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much is nothing to support that argument. Trickle down economics hasn’t been shown to work has been conclusively shown to not work.

    FTFY

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• 10001110101@lemm.ee ⁨4⁩ ⁨days⁩ ago

  From the people I know, who do depend on these programs and like Trump, they don’t believe they will have their benefits reduced. The think the other people, “taking advantage” of the system will be kicked off. It’s being sold as reducing fraud and abuse. The right-wing has been pushing this framing for decades, and many people have bought into it.

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  • LadyButterfly@lazysoci.al ⁨4⁩ ⁨days⁩ ago

    Yes that’s true. And most people agree fraudulently claiming benefits is wrong

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    • 10001110101@lemm.ee ⁨4⁩ ⁨days⁩ ago

      Yeah, that’s how they sell it. Problem is, studies have shown the fraud in these programs isn’t much of an expense, in the broader context. And, Trump has granted clemency to Lawrence Duran, who stole $205M from Medicare, which tells you they don’t really care about that. These programs are actually pretty efficient, and spending funds to investigate small-time fraud would often cost more than just letting it happen. It’s not like tons of people wish to be on our shitty social programs that don’t even supply enough help for the people that absolutely need it.

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      • LadyButterfly@lazysoci.al ⁨3⁩ ⁨days⁩ ago

        Agree. Any charitable system will be ripped off by a minority, it doesn’t mean you shit down all charities

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