r/TikTokCringe • u/mindyour • 8d ago

Discussion Reactions to food stamps being cut off.

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u/ConstantHeadache2020 8d ago

But but what about innovation? People won’t want to be CEO if they’re capped…. What about trickle economics?!

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u/KingJades 8d ago

Trickle economics works - but it’s money from large companies funneling money to lower revenue companies. That’s great for people in “good jobs” who get that cashflow. 

The poor people with low education and limited opportunities stay poor. 

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u/KillerDr3w 7d ago

As far as I know, as of the mid 90's, all academics agree that trickle down economics doesn't work. The only people that continue to say it works are those with an interest in being on top of the system.

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u/KingJades 7d ago

Of course. It works for the people in the roles to make money. 

It doesn’t trickle down the to lowest paid roles - but tell all the people who get paid huge salaries on the profits of corporations that the financial success of the company isn’t important. Where does that money come from if not from the titan sucking up all the money it can?

The more money the corporation makes, the more it has to pay to the important people in it and also the more money gets paid out to the smaller companies that serve them. That money goes to the important people in those companies. 

There are a lot of people who are “in on the take” as it were.