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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?

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Am I being unreasonable?

AIBU

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RedAppleGirl · 27/09/2022 17:02

larkstar · 27/09/2022 16:11

You can get a bit more background and perspective on it here📧
en.wikipedia.org/wiki/Trickle-down_economics
IMHO - this is conservative economic policy in a nutshell. It doesn't work.

Also known as Horse and Sparrow economics.

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SpinningAwaySadly · 27/09/2022 17:15

I don't quite know what to say. This 'economics' is unmanageable for people on ordinary mortgages. What are they fucking thinking?

I've been through the end of the Tories before, back in the 1990s. It hurt a lot of people. Badly.

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SpinningAwaySadly · 27/09/2022 17:17

RedAppleGirl · 27/09/2022 17:02

Also known as Horse and Sparrow economics.

To expand on that a little:

"If you feed the horse enough oats, some will pass through to the road for the sparrows."

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TheVanguardSix · 27/09/2022 17:19

Stoic123 · 27/09/2022 14:50

I liked David Lammy's tweet.

"I have a joke about trickle down economics. 99% of you won't ever get it."

That’s good! 😆
And then once it goes from joke to Gospel: 😰😰😰

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RedAppleGirl · 27/09/2022 17:27

What next, mortgage bailouts from the government?

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AuntSalli · 27/09/2022 17:29

RedAppleGirl · 27/09/2022 17:27

What next, mortgage bailouts from the government?

Yes I believe so.
Cheaper for the government in the long term

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wherearebeefandonioncrisps · 27/09/2022 17:58

Saw this on Twitter...

To be excited about trickle down economics?
To be excited about trickle down economics?
To be excited about trickle down economics?
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RedAppleGirl · 27/09/2022 18:24

AuntSalli · 27/09/2022 17:29

Yes I believe so.
Cheaper for the government in the long term

Do you have a link for this?
I was actually being facetious.
Do people really want the government to pay people's mortgages now?

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MaChienEstUnDick · 27/09/2022 18:57

@Sirius3030 that's kinda what I mean though. Yes, he caused untold damage but it wasn't just him, it wasn't all the fault of one man - it couldn't be, it was a global systematic melt-down caused by leaving the finances of the world at the whim of a few profit-hungry short-sellers. No checks and balances, no legal framework to protect the interests of the people rather than the interests of the institution. The death penalty might have made us feel better in the short-term, but it wouldn't do anything to stop this happening again. It's not about punishing one man, it's about deep system change.

(Sorry, I know I'm wanging on on a lighthearted thread, I'll go and get my thimble and wait for the trickle.)

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jgw1 · 27/09/2022 19:12

Doingprettywellthanks · 27/09/2022 14:31

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

What would have been the effect if that money was paid to the lowest paid in the company instead of the highest paid?

Would they have spent more or less of it in local communities in the UK?

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jgw1 · 27/09/2022 19:16

RedAppleGirl · 27/09/2022 18:24

Do you have a link for this?
I was actually being facetious.
Do people really want the government to pay people's mortgages now?

Well to have a mortgage you have to be a relatively higher earner, and as we have established on a previous thread higher earners are automatically more intelligent and so more deserving of government support, so I would say this was an excellent idea.

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Ohsugarhoneyicetea · 27/09/2022 21:11

There is no trickle down, its just more of the great gush up.

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IAmAReader · 27/09/2022 21:17

Bacibaci · 27/09/2022 16:36

I could just about handle the David Cameron type of Tory-ism

I couldn’t handle that. The 2011 Welfare Reform Act reduced support for me as a disabled person. Austerity did a lot of damage (and again didn’t result in good growth) but the net is casting even wider this time.

To be clear I did not like their politics back then either too and was out marching in London against austerity way back in 2010 and trying to sound the alarm to everyone. I could see the harm that was being inflicted upon people from literally the first few months of the Tory/Dem government, as I worked with vulnerable families back then and was keenly aware of how services and benefits etc were being stripped back and limited. It amazed me that people continued to vote them in for so many years.

But for me, with having watched this for so long and now seeing a total collapse in leadership standards as well as Kwasi/Truss throwing some of the most explosive missiles yet into the mess their predecessors created, I've probably just approached my limits in terms of the kind of country I want to live in.😩

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Bacibaci · 27/09/2022 23:22

@IAmAReader , I hear you! It’s so grim.

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Hawkins001 · 27/09/2022 23:38

I think bankers bonuses are a good thing, but with regards to too big to fail, banks, they should be unwound, without any cost to the tax payers, if they fail.

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