TLHLIM

These idiots believe that rich people go swimming in their money vaults like Scrooge McDuck or something. lol

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lol

I guess I need to show the video again where Chauvin was on his shoulder and not on his neck and where the coroner changed his story.

Libs and facts don't mix.
 
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Garmel said:
These idiots believe that rich people go swimming in their money vaults like Scrooge McDuck or something. lol
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I mean some do

That being said, it's clearly been proven that trickle down economics doesn't work. It just leads to class divide widening. We have nearly 50 years of data to back that. What trickel down economics does is encourage companies to act on the best behalf of the biggest stock holders. WHich isn't always what's best for the company and certainly not what's best for it's employees.

A great example of that is Hasbro, in 2023 gross profit of 2.96 billion dollars, but because it was under the year before they had to shed a ton of employees (laid off 1100 employees right before Christmas 2023) Including laying off employees from WIzards of the Coast, which had grown year over year. So in what world is being profitable, and growth should lead to shrink? But they had to to appease investors.
 
zitothebrave said:
I mean some do

That being said, it's clearly been proven that trickle down economics doesn't work. It just leads to class divide widening. We have nearly 50 years of data to back that. What trickel down economics does is encourage companies to act on the best behalf of the biggest stock holders. WHich isn't always what's best for the company and certainly not what's best for it's employees.

A great example of that is Hasbro, in 2023 gross profit of 2.96 billion dollars, but because it was under the year before they had to shed a ton of employees (laid off 1100 employees right before Christmas 2023) Including laying off employees from WIzards of the Coast, which had grown year over year. So in what world is being profitable, and growth should lead to shrink? But they had to to appease investors.
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What is the data that clearly showd it doesn't work, that you alluded to
 
zitothebrave said:
One grows by 100% one grows by 40% and sturg thinks they're equal.

If you prefer

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Who said anything about equal?

You said trickle down economics doesn't work. Can you define what you mean?

Is it "all income levels must rise and fall at the same rate for it to be considered successful?"

Why do i care about average CEO pay?
 
Garmel said:
Probably would be better to look at official government stats than leftist sites.

Lotsa good charts here.

https://fred.stlouisfed.org/series/MEPAINUSA672N
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Median income increased by 62%.

Simple math, inflation calculator. From the low, Something that costs 2000 dollars in december of 1981 (Using 81 as the low) would cost 6300 in december 2022. Even if we say Biden is the devil, COVID inflation, etc. to december 2019 the inflation would be 5467 or an increase of 173%

GDP in 1981 just about 14K per capita. IN 2022 it was 76K per capita. or an increase of 442%

So median wage isn't outpacing inflation. While our GDP is going through the roof.
 
When you a stat from the government that says "real" that means it's adjusted for inflation.

That chart I linked to is in 2022 dollars.
 
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