Comment on If billionaires and CEOs feel like they need to start paying for large security details, would that be an example of trickle down economics?

Valmond@lemmy.world ⁨10⁩ ⁨months⁩ ago

• Kalcifer@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

  1. [Trickle Down Economics] doesn’t exist and 2) nothing of value is created out of it.

  How exactly are you defining trickle down economics?

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  • Valmond@lemmy.world ⁨10⁩ ⁨months⁩ ago

    I’m not, what do you think it is?

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    • Kalcifer@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

      […] what do you think it is?

      Note that your shifting of the burden of proof is not a sound argument for the veracity of your claims. At any rate, imo, exactly what it means depends on the context; it’s generally accepted as the theory that certain economic policies favoring those on the upper tier of the economic spectrum will trickle down to benefit the masses ^[1][2]^.

      References

      1. “Trickle-down economics”. Wikipedia. Published: 2024-12-01T17:10. Accessed: 2024-12-10T03:39Z. en.wikipedia.org/wiki/Trickle-down_economics. - ¶1 > Trickle-down economics is a pejorative term for government economic policies deemed to disproportionately favor the upper tier of the economic spectrum (wealthy individuals and large corporations) under the belief that this will eventually benefit the economy as a whole. […] 2. “Trickle-Down Economics: Theory, Policies, and Critique”. By: “Will Kenton”. Published: 2024-11-09. Accessed: 2024-12-10T03:42Z. www.investopedia.com/…/trickledowntheory.asp. - ¶1 > Trickle-down economics and its policies employ the theory that tax breaks and benefits for corporations and the wealthy will trickle down and eventually benefit everyone.

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    • Kalcifer@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

      I’m not […]

      What do you mean? Are you saying that you don’t have a definition for the term that you are using?

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      • Valmond@lemmy.world ⁨10⁩ ⁨months⁩ ago

        No u

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