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AIBU?

To be excited about trickle down economics?

115 replies

TrickleDownQuicklyPlease · 27/09/2022 12:54

Aibu to get excited about the banker’ bonuses? Does anyone know when the bonuses might start trickling down?

OP posts:
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Am I being unreasonable?

AIBU

You have one vote. All votes are anonymous.

SoftSheen · 27/09/2022 14:15

With interest rates rising, people who find themselves with extra spare cash are more likely to save it rather than spend it in local businesses/on employing local people.

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Porcupineintherough · 27/09/2022 14:18

Doingprettywellthanks · 27/09/2022 14:12

It’s not entirely without logic.

i am on very good terms with my ex, who is a very high Werner. Now he knows no cap on his bonus next March, he’s booked one hell of a holiday for him and the children.

using a local independent travel company to arrange the entire thing (from flights, to accom to trips)

will use local taxi company to get to airport


and that was a decision he made within hours of the news.

So basically most of the money will be spent abroad. Hurrah!

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tiredwardsister · 27/09/2022 14:20

SoftSheen · 27/09/2022 14:15

With interest rates rising, people who find themselves with extra spare cash are more likely to save it rather than spend it in local businesses/on employing local people.

^^This. We are lucky we are comfortably off we are on a good combined income (well at least DH is on a good income) we don’t have a mortgage/credit cards etc and own our cars/home outright but we are saving more than before because we are worried about general cost of living price increases.

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StJeanDeVence · 27/09/2022 14:21

Doingprettywellthanks · 27/09/2022 14:12

It’s not entirely without logic.

i am on very good terms with my ex, who is a very high Werner. Now he knows no cap on his bonus next March, he’s booked one hell of a holiday for him and the children.

using a local independent travel company to arrange the entire thing (from flights, to accom to trips)

will use local taxi company to get to airport


and that was a decision he made within hours of the news.

So are you saying he wasn't planning on taking his family on holiday prior to this announcement? Despite being a 'very high earner' already?

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Doingprettywellthanks · 27/09/2022 14:23

StJeanDeVence · 27/09/2022 14:21

So are you saying he wasn't planning on taking his family on holiday prior to this announcement? Despite being a 'very high earner' already?

Yes but no way would have booked what he has through that local holiday company (it’s costing £18k) and no way for 3.5 weeks

he would have done what he’s done previously. Maldives, online, 10 days. Booked himself

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Doingprettywellthanks · 27/09/2022 14:26

tiredwardsister · 27/09/2022 14:20

^^This. We are lucky we are comfortably off we are on a good combined income (well at least DH is on a good income) we don’t have a mortgage/credit cards etc and own our cars/home outright but we are saving more than before because we are worried about general cost of living price increases.

I’m curious

a good combined two party income
no mortgage
no debt
no credit card
no car loans

your disposable income is presumably very high. So when you say worried are you worried about not being able to save as much as usual? Surely not actually being able to afford to pay utility and grocery bills? Genuine question

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Alexandra2001 · 27/09/2022 14:27

Doingprettywellthanks · 27/09/2022 14:12

It’s not entirely without logic.

i am on very good terms with my ex, who is a very high Werner. Now he knows no cap on his bonus next March, he’s booked one hell of a holiday for him and the children.

using a local independent travel company to arrange the entire thing (from flights, to accom to trips)

will use local taxi company to get to airport


and that was a decision he made within hours of the news.

Surely he'd be using an exclusive on line only private members travel agency - he can't be expected to queue in Hayes Travel surely? and he'll be driving his Audi Q7 to the VIP parking area at the private air field before boarding his Lear Jet for the Seychelles? no waiting around in a taxi rank in the rain for the super rich....

If not, no wonder you LTB.

On another note, its good he knows the deals and ipo's he'll be doing before they happen... remarkable.

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AuntSalli · 27/09/2022 14:28

myleftventricle · 27/09/2022 13:43

Do you have a luxury foreign retreat that the rich and famous (and Tory MPs) flock to in their droves? No? Oh well, you won't see any of it then because if it doesn't go on foreign holidays it goes straight into offshore investment accounts.

And as Kevin Bridges quite rightly pointed out we need to invade the Cayman Islands give it a bloody good shakedown.

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Doingprettywellthanks · 27/09/2022 14:28

Alexandra2001 · 27/09/2022 14:27

Surely he'd be using an exclusive on line only private members travel agency - he can't be expected to queue in Hayes Travel surely? and he'll be driving his Audi Q7 to the VIP parking area at the private air field before boarding his Lear Jet for the Seychelles? no waiting around in a taxi rank in the rain for the super rich....

If not, no wonder you LTB.

On another note, its good he knows the deals and ipo's he'll be doing before they happen... remarkable.

What an odd response

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Porcupineintherough · 27/09/2022 14:28

@Doingprettywellthanks so how much of that 18k is staying in the uk do you think? Now offset that by how much money won't be spent in the UK on him and the kids for 3.5 weeks. Not great is it?

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Doingprettywellthanks · 27/09/2022 14:31

Porcupineintherough · 27/09/2022 14:28

@Doingprettywellthanks so how much of that 18k is staying in the uk do you think? Now offset that by how much money won't be spent in the UK on him and the kids for 3.5 weeks. Not great is it?

No idea. Very very little.

but that’s the point of a trickle.

the local independent travel company gets business it wouldn’t have otherwise done.
the dog sitter gets double to job


if that kind of thing is replicated…. It will be a trickle down

my point was merely that it’s not without logic

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Skolo · 27/09/2022 14:31

RedAppleGirl · 27/09/2022 13:23

What are economics courses teaching now then?

Excellent question @RedAppleGirl

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BambinaJAS · 27/09/2022 14:34

Since they dropped the 45% tax rate, that means that any sizeable annual bonus (£10k or more) is going to get hit with 40% instead of 45% come April 2023.

Thats going to increase my net payout.

Thats about it though.

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Shortjanet · 27/09/2022 14:34

But in order to keep their local independent businesses going the dog walkers and taxi companies need more than one high earner to be able to afford them. Businesses will fold left right and centre when large numbers of their clientele start to cut back. The bankers won't keep them afloat alone.

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TheVanguardSix · 27/09/2022 14:35

Shit. I'm still waiting on the Reaganomics trickle-down cavalry to come over the Big Money Hill. Good luck, OP. You'll be finger-tapping for decades. Oh to get out of this Friedmanesque loop we are perpetually stuck in. It's all laissez-faire wool over the eyes bollocks: Make as much money as possible, without regulations, without intervention, without responsibility, fuck everyone else, but you little, tiny, minuscule, insignificant plebs might get a trickle... like the very last half droplet of urine from Big Business Dogg's morning piss after a hedonistic night on the lash. But let's be real, we'll get shat on. There will be no trickle for the people.

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StJeanDeVence · 27/09/2022 14:37

Porcupineintherough · 27/09/2022 14:28

@Doingprettywellthanks so how much of that 18k is staying in the uk do you think? Now offset that by how much money won't be spent in the UK on him and the kids for 3.5 weeks. Not great is it?

Exactly.

And the 'local taxi firm to the airport' aspect is irrelevant because he'd be using that anyway regardless of how much he paid for the holiday, how long he was going for and where he was going.

Talk about clutching at straws.

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idonotmind · 27/09/2022 14:39

Yeah it's gonna be fab

Pennies hidden in the cobblestones and all that

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RedAppleGirl · 27/09/2022 14:42

Skolo · 27/09/2022 14:31

Excellent question @RedAppleGirl

Trickle-down is used as an apolitical insult.

What they really mean is the supply side theory.

Seems like the board has been over whelmed by LSE Marxist branch.

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Welikebeingcosy · 27/09/2022 14:42

I can't wait for it to trickle down when they use their bonuses to buy my second hand sick stained baby clothes bundles from Vinted.

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BambinaJAS · 27/09/2022 14:45

RedAppleGirl · 27/09/2022 14:42

Trickle-down is used as an apolitical insult.

What they really mean is the supply side theory.

Seems like the board has been over whelmed by LSE Marxist branch.

No.

Supply-Side economics has nothing to do with Libertarian Hayek-loving extremists.

The former is rational, the latter is not.

There is no existing Libertarian Nirvana in the world for good reasons.

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pigcon1 · 27/09/2022 14:47

Have you heard the joke about trickle down economics?

only 1 percent of you will get it..

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verdantverdure · 27/09/2022 14:48

Trickle down economics.

To be excited about trickle down economics?
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gnilliwdog · 27/09/2022 14:49

But let's be real, we'll get shat on.

Well said. In the scatological fantasies of the uber rich, after the trickle comes the dump. The language tells you everything about how they view the masses.

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verdantverdure · 27/09/2022 14:49

TheVanguardSix · 27/09/2022 14:35

Shit. I'm still waiting on the Reaganomics trickle-down cavalry to come over the Big Money Hill. Good luck, OP. You'll be finger-tapping for decades. Oh to get out of this Friedmanesque loop we are perpetually stuck in. It's all laissez-faire wool over the eyes bollocks: Make as much money as possible, without regulations, without intervention, without responsibility, fuck everyone else, but you little, tiny, minuscule, insignificant plebs might get a trickle... like the very last half droplet of urine from Big Business Dogg's morning piss after a hedonistic night on the lash. But let's be real, we'll get shat on. There will be no trickle for the people.

I think of it more as pissed on

To be excited about trickle down economics?
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BlueMongoose · 27/09/2022 14:50

LaurieFairyCake · 27/09/2022 12:57

Trickle down economics was disproved in the 80's

Literally no economic course teach it as a viable option

We're FUCKED

Agreed. I was studying economics in the 1980s and back then it was, as you say, already discredited, except for the likes of Minford (who even my tutors thought was bonkers).

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