Eggs now in different baskets.Remember, if "Livin' on a Prayer" is the way you have to live your life it means that someone else is getting even richer at your expense.
#Trickledown only benefits the rich.
b-rain
PugJesus
RaymondPierreL3The author makes an argument for slow paced reform of the housing market here, but only if all other economic matters remains the same, so take it with a grain of salt.
Aside from that, there is a defence of RBA policies (largely debunked by progressive economists - Greg Jericho and Prof Richard Murphy come to mind) and pick up on the RBA blame game by criticising Govt spending (social services cost money don't you know?).
In the final analysis, our economy is run by #NeoLiberals following a completely debunked #TrickleDown paradigm and a compulsion to #DeregulateMarkets (because markets know best, right?).
The essential fact to take away is that #Neoclassical economics (aka NeoLiberal Economic theory) equals #Austerity but not for all. Hence it is inherently inequitable. The author also points to #Howard's folly, the mum & dad bank, as an electoral threat limiting govt policies but does not criticise the premisse of this very bad idea.
One thing I agree with author on is that the Australian govt budget relies too heavily on wage and salary taxes, which you would expect in a climate dominated by #unfetteredCapitalism. Who else are going to pay for all the #billionaires
https://news.thenewdaily.com.au/c/1L2AldzRjPZS8f9V7h5TVfIO1ZQd
Protyus A. GendherThis is not a free market.
It is a state‑supported labor‑extraction economy wrapped in the myth of freedom.
getmischRE: https://sunny.garden/@MiasAlt/116660008075011481
"45 Years of REAGANOMICS
Is Why Everyone Is MISERABLE"
#fascist #USA #GOP #privatization #corporate #greed #oligarchy #TrickleDown #lies #progressive #taxation #EatTheRich #NoBillionaires #redistribution #UBI #MedicareForAll #social #safety #nets
Eugene Alvin Villar 🇵🇭Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
This Simple Tool for Unrigging the Economy Is Spreading. Your Town Could Be Next.
Klassengesellschaft DeutschlandWachstum der #Ungleichheit: Laut Daten von Oxfam ist das Vermögen der Superreichen (rund 3.000 Milliardär:innen) seit dem Jahr 2020 inflationsbereinigt um über 80 % gestiegen.
Und dennoch ist die Mehrheit der Bevölkerung von dem neoliberalen Mythos der #TrickleDown -Ökonomie überzeugt. 🤦♂️
RE: https://bsky.app/profile/did:plc:ftph5xanep76un7ecrlke37c/post/3mmmdmqfvuk2b
RE: https://bsky.app/profile/did:plc:ftph5xanep76un7ecrlke37c/post/3mmmdmqfvuk2b
STOP🚗🚘🚛BlechTerror🛑Fascism"Trickle-down effect" depicted correctly: https://hachyderm.io/@maaikees/116567657791292837
#TrickleDownEffect #LLM #TrickleDownFallacy #TrickleDownEconomy #TrickleDown #Capitalism #AI
Nick East (Indie Writer)@mediocratese Yeah, that works on at least two levels, the ones who are "Sucking Up" all the wealth and leaving nothing for anyone else... But could also refer to the politicians and other "Suck Ups" who can't fall over themselves fast enough to brown nose the robberbarons 😂
#New #Economic #Theory #JustDropped #SuckingUp #Not #TrickleDown