{"id":23925,"date":"2023-09-29T09:07:53","date_gmt":"2023-09-29T03:22:53","guid":{"rendered":"https:\/\/dorjegurung.com\/blog\/?p=23925"},"modified":"2024-05-14T09:29:22","modified_gmt":"2024-05-14T03:44:22","slug":"in-case-you-are-still-unsure-trickle-down-economics-is-a-sham","status":"publish","type":"post","link":"https:\/\/www.dorjegurung.com\/blog\/2023\/09\/in-case-you-are-still-unsure-trickle-down-economics-is-a-sham\/","title":{"rendered":"In Case you are Still Unsure, Trickle Down Economics is a Sham"},"content":{"rendered":"\n

Not unlike a number of my blog posts, this one also comes from Facebook. The exchange took place under a post of mine about trickle down economics. In it, I had shared a commentary basically shredding the guy’s argument for how trickle down economics works in the contexts of private jet industry.<\/p>\n\n\n\n

Here’s the original post.<\/p>\n\n\n\n

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Here’s by rebuttal.<\/p>\n\n\n\n

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If you are wondering how stock buybacks works–namely how they enrich the filthy rich, enabling them to afford hyper-expensive yachts and private jets, such as the one pictured above, and in the long-run hurt the US economy and therefore the American workers–read Was the Southwest Airlines Meltdown Impacted By the “Great Share-Buyback Scam”?<\/a>.<\/figcaption><\/figure>\n\n\n\n

Trickle down economics is a farce, of course. It’s been a farce for decades! Here’s another Facebook post of mine in which I sarcastically poke fun at Robert Reich responding to a reproduction of a tweet of his.<\/p>\n\n\n\n

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And this meme I found on social media perfectly explains trickle-down economics.<\/p>\n\n\n\n

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If all that does NOT convince you, scroll down just a bit and have a browse of the over three dozens references. Start with the first two.<\/p>\n\n\n\n

What do you think?<\/p>\n\n\n\n

References<\/h2>\n\n\n\n

Tax Cuts and How the Wealthy in the US Benefits the most from it<\/p>\n\n\n\n