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Old 17-10-2018, 12:28   #2271
Malcolm Tucker
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Yeah but a lot of that goes without saying, we're talking specific things, or at least were. Trump freezing pay in the name of deficit reduction seems at odds with what you're saying is their strategy anyway. That would have been evidence of them not worrying about short term deficit numbers if it meant raising some wages for people, which may help stimulate the economy.

Economists have analysed the notion of trickle-down theory. The main flaw is obvious, wealth accumulation doesn't trickle down much. So it's a waste. Unless you're a rich person in which it's mint. The IMF has aggregate data on the effect of increasing the richest's wealth, across different countries and government policies and didn't see it emerge.

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If the income share of the top 20 percent (the rich) increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth.
So Trump/GOP talk of fiscal responsibility when it comes to restricting pay, but willing to compromise on it for top tier taxes, even through if the strategy was to use short term deficit widening to boost aggregate demand in the economy, the signs suggest they'd be better off not directing it toward the richest for the umpteenth time in history, but with wage rises they can control and other programmes that would benefit that bottom 20%.

I think most people can be somewhat convinced of the idea it *could* work but I think in practice it doesn't seem to happen.
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Old 17-10-2018, 12:42   #2272
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As shown in the Ft link I posted, corporations aren't using this windfall to boost worker wages, they're using it for share buybacks.
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Old 17-10-2018, 13:16   #2273
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corporations aren't using this windfall to boost worker wages
Corporations in "cunts" SHOCKER
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Old 17-10-2018, 13:18   #2274
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Above me I see people who hate the corporations who are so utterly principled that they both trouser vast salaries by working for them
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Old 17-10-2018, 13:29   #2275
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Above me I see someone who hates the government so much he let's them pay for everything he has.
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Old 17-10-2018, 13:31   #2276
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If you think about it, it isn't contradictory.
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Old 17-10-2018, 13:32   #2277
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Above me I see people who hate the corporations who are so utterly principled that they both trouser vast salaries by working for them
I'm not salaried
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Old 17-10-2018, 13:34   #2278
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And if you think about it, it isn't contradictory to be paid wages but point out how trickle down economics doesn't work if companies are relied on to voluntarily let it flow all the way down to the employees.
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Old 17-10-2018, 13:35   #2279
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OMG UR AUTISTIC CRAIG.
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Old 17-10-2018, 13:35   #2280
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I'm not salaried
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