Preparation vs prevention

[HeIsHere]

1. Rich people don't create jobs, consumers do.
2. Stuffing the pockets of the rich in hopes it will trickle down is like giving 1 dog 10 bones, expecting he'll share them with 9 other dogs.
3. If a company raises prices but their profits remain the same, that's inflation. If a company raises prices and their profits rise, that profiteering.

Good points, I would say.

1) innovation creates jobs, this can come from any class if capital is available to them
2) trickle down economics is not a thing, agreed.
3)the consumers have more power than they realize, but yes agreed.

btw... way no one really understands how a free market economy works, they have theories, because human behaviour always has some elements which are not predictable.

 

[HeIsHere]

1. Rich people don't create jobs, consumers do.
2. Stuffing the pockets of the rich in hopes it will trickle down is like giving 1 dog 10 bones, expecting he'll share them with 9 other dogs.
3. If a company raises prices but their profits remain the same, that's inflation. If a company raises prices and their profits rise, that profiteering.

Sometimes rich people keep the money, they do not spend another reason trickle down economics is not useful theory.

 

[ResidentAlien]

Trickle-down economics used to work until so much greed and corruption took hold that the trickle dried up. How people can still parrot this worn out belief is unbelievable to me. It a whole different world today.

 

[ZNP]

How is he wrong?

You have to define what you mean by the rich. Are you simply talking about small business owners or are you talking about richest 0.1%? If you are talking about the richest 8 million people on earth then having 49% fighting against the other 49% favors them. They are not interested in policies that help 90% of the country, what they want is to divide and conquer. Inflation does not affect them, but bankruptcies, unemployment, famine, all these things help the richest of the rich to become more powerful while the poor are too busy trying to put food on the table to worry about who caused this.

So you can't reason with them with logic, or "this policy will help everyone". Because that is not what they want. Joe Biden and Kamala Harris are exactly what they want. Think of the spirit of Caesar Nero, you burn down the place and then you can sell it at fire sale prices.

Also don't think that you speak for the majority, majority of what? SCOTUS has determined that money is speech, they may have 0.1% of the people, but they have over 50% of the money that is spent on manipulating public opinion.

 

[HeIsHere]

Trickle-down economics used to work until so much greed and corruption took hold that the trickle dried up. How people can still parrot this worn out belief is unbelievable to me. It a whole different world today.

Trickle down economics made too many assumptions and that is why it did not work.

 

[SomeDisciple]

. The problem these days is, people engaged with a lie, when shown the truth, will continue with the lie

You must be talking about yourself, because I've never seen you post anything backed by any data whatsoever; and about 50% of your logic is whack.

 

[Everlasting-Grace]

so MAGA is angry and this is wrong?

I think they have a right to be angry considered what has been pushed on them the last three years.. Even Jesus got angry and overturned tables when they used his fathers house as a den of thieves.

 

[Everlasting-Grace]

Trickle down economics made too many assumptions and that is why it did not work.

It did not?

Thats funny, I lived through it and it worked great, it worked so God Bush Sr and Clinton (at least in his first 4 years) lived off of it..

 

[Cameron143]

1. Rich people don't create jobs, consumers do.
2. Stuffing the pockets of the rich in hopes it will trickle down is like giving 1 dog 10 bones, expecting he'll share them with 9 other dogs.
3. If a company raises prices but their profits remain the same, that's inflation. If a company raises prices and their profits rise, that profiteering.

Wow. Hard to know where to begin.
1. In free market economies, entrepreneurs raise capital to develop products to sell to consumers. How well the entrepreneur matches his product to the needs and desires of the demand of consumers is what determines the success of the company. To remain successful, a company will need to continue to innovate to give the best product and not lose market share to other companies that develop similar products and technologies.
It is the people who create these companies who create jobs. Consumers can clamor for whatever they want, but if entrepreneurs don't risk capital and start businesses, there are no new jobs. As businesses are successful they expand. This creates more jobs.
2. The reason those starting businesses reap the largest part of the profits is because they have taken all the risks. Without such reward, there is no incentive to take risk. Business owners pay employees commensurate with the value they add to a company. The greater the value, the greater the pay. This incentivizes the workforce do develop skills to be more useful.
3. Inflation is the result of an increase in demand without an increase in supply. The pandemic response is a textbook case. The government printed money and put the money in the hands of consumers while, simultaneously, supply line problems led to a decrease in the products. More money chasing fewer goods always drives up prices. So what do workers do? They demand higher wages. The higher wages increases the price of products further. It's called a wage-price spiral.
To lower demand, money has to be taken out of the economy. This is accomplished by raising interest rates. Fewer people will be able to borrow, as well as businesses, and soon people don't have enough money to pay bills. They begin cutting back on purchases and soon jobs are cut.
Everything that happened was not only predictable, but inevitable. This is why sound economic principles are necessary.

You have alot to learn about business, economic principles, and people's behavior. Not sure how you were hurt to make you so jaded towards free economies, put it left alot of bitterness in your heart.

 

[HeIsHere]

Inflation can be caused by companies pushing higher prices to maximize profits.

It is called Corporate Greed.

 

[JTB]

Good points, I would say.

1) innovation creates jobs, this can come from any class if capital is available to them
2) trickle down economics is not a thing, agreed.
3)the consumers have more power than they realize, but yes agreed.

btw... way no one really understands how a free market economy works, they have theories, because human behaviour always has some elements which are not predictable.

I would say demand creates jobs; no rich person ever paid anyone to make a product that no one is buying. And demand is produced by consumers! The more they buy, the more jobs are needed to fill the demand.

The Achilles heel of unfettered capitalism is human greed. It's a nice thought to believe that the rich, given more money, would pass that down the line. But 40 years of Reaganomics proves that just doesn't happen. They just keep it for themselves.

 

[Cameron143]

Inflation can be caused by companies pushing higher prices to maximize profits.

It is called Corporate Greed.

Cannot. The market won't support it. That's why EV's aren't selling.

 

[HeIsHere]

I would say demand creates jobs; no rich person ever paid anyone to make a product that no one is buying. And demand is produced by consumers! The more they buy, the more jobs are needed to fill the demand.

The Achilles heel of unfettered capitalism is human greed. It's a nice thought to believe that the rich, given more money, would pass that down the line. But 40 years of Reaganomics proves that just doesn't happen. They just keep it for themselves.

Yes, those/companies who acquire capital to create a product no one wants will go broke as it should.

Yeah it is not that simple, the real problem is that everyone thinks economics is so simple it isn't.

 

[HeIsHere]

Cannot. The market won't support it. That's why EV's aren't selling.

Price gouging is real.

https://dailyhive.com/vancouver/loblaws-price-gouging-sticker

 

[JTB]

The neighbors held a republican meeting the other night. I went and found that there was no food, even tho it was held at suppertime. So I suggested we call for a pizza. Everyone agreed, so I took the initiative, collected money from the others and made the call. When the pizza came it was cut into 10 slices. Since I spearheaded the effort, I was first at the table. I took 9 slices. Everyone else b!tched and moaned an complained that I didn't leave enough for them. I had to laugh, and said I thought this was a group of republicans, not a bunch of whiney liberals!

 

[JTB]

Yes, those/companies who acquire capital to create a product no one wants will go broke as it should.

Yeah it is not that simple, the real problem is that everyone thinks economics is so simple it isn't.

It's really not that difficult, if you can take in the big picture.

Trouble is, polarized people only take in that part of the picture that they want to see and ignore the rest.

 

[JTB]

Price gouging is real.

https://dailyhive.com/vancouver/loblaws-price-gouging-sticker

ANY discussion of prices that does not include a look at profits is a straw-man argument.

 

[HeIsHere]

They just keep it for themselves.

See this is not true either, Costco being an example of company which invests in its employees.

There are so many factors, what worked with Reaganomics may not work today.

 

[HeIsHere]

It's really not that difficult, if you can take in the big picture.

Trouble is, polarized people only take in that part of the picture that they want to see and ignore the rest.

I would agree, one thread in the news section about another part of the world being a prime example.

Free markets has its drawbacks, but what we have now is far from that anyway, government and companies are in collusion.
Not good.

 

[Cameron143]

Price gouging is real.

https://dailyhive.com/vancouver/loblaws-price-gouging-sticker

Sure it's real, but it's also illegal. But random businesses price gouging doesn't raise prices across an industry, only in a locality. It generally happens when there has been a catastrophe and is short term.