Joan Westenberg on Nostr: The fallacy at the heart of trickle-down economics is the notion that making the rich ...
The fallacy at the heart of trickle-down economics is the notion that making the rich richer will somehow benefit everyone else.
But when so much wealth is concentrated at the top, that simply doesn't happen.
The rising tide does not, in fact, lift all boats.
Instead, yachts rise while many other boats spring leaks or sink.
https://joanwestenberg.com/blog/trickle-down-economics-were-always-bullshitPublished at
2024-05-27 23:51:17Event JSON
{
"id": "aad2785a10cc6b01183e58e846987ce5d97a37e8c912ca68afe91182c9a05e0f",
"pubkey": "7587db5d039e31007a64d2365127adddcdbda2ac6dfb86c6386e35b3b291a45b",
"created_at": 1716853877,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/@Daojoan/112515735729379406",
"web"
],
[
"proxy",
"https://mastodon.social/users/Daojoan/statuses/112515735729379406",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mastodon.social/users/Daojoan/statuses/112515735729379406",
"pink.momostr"
]
],
"content": "The fallacy at the heart of trickle-down economics is the notion that making the rich richer will somehow benefit everyone else. \n\nBut when so much wealth is concentrated at the top, that simply doesn't happen. \n\nThe rising tide does not, in fact, lift all boats. \n\nInstead, yachts rise while many other boats spring leaks or sink. \n\nhttps://joanwestenberg.com/blog/trickle-down-economics-were-always-bullshit",
"sig": "f0af6f9d11f7192b45e57551ede5ef845ec57b8b9a4758f402151030e22967c70f0474e4ab37ba727c5d54ec4191cddaf0d68b626c4e8d809545ab1dc4fa64e7"
}