02-21-2022, 09:53 AM
(02-20-2022, 07:13 PM)Eric the Green Wrote:(02-19-2022, 03:48 PM)Eric the Green Wrote: Entrepreneur Nick Hanauer provides one of my favorite explanations of how trickle-down economics rips us all off.
https://fb.watch/bh4c8sHXDE/
"You only have to rely on wealth "trickling down" if you are dependent on employment" - JasonBlack
As Hanauer says, if people have no money, who will buy the stuff? Trickle-down economics policies of low wages means fewer customers for small business.
May have got lost in the shuffle, but this comment brings to mind one I made where I opined that Reaganomics has remained on the shelf long past what should have been its sell-by date. I was hopeful that would come during Obama’s tenure. When do you foresee it’s true SBD arriving.