capitalism
capitalism
Out of context: Reply #676
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- utopian5
- Guys I don't think the trickle down is ever coming.i_monk
- InnovationNBQ00
- What a coincidence.omahadesigns
- *ask deathboyrenderedred
- it doesn't add up.oey_oey
- so it takes 0.2 trillion to bribe the government in order to pull this off?rzu-rzu
- Trickle up economicsChimp
- LESSON: money is not created or destroyed (in significant amounts.) It only moves from one place to another.nb
- Hard to add up when the formula is subtraction!noRGB
- If you get your knickers in a twist about this pretend equivalence you have no integrity.Morning_star
- Can you feed your familiy integrity? Live off integrity when you retire?i_monk
- Not sure what you mean i_monk. Are you suggesting it's ok to perpetuate bullshit comparisons to support a baseless agenda. Trump?Morning_star
- Explain what exactly you think is baseless.i_monk
- It is baseless to concluded that there is causation between the two headlines. It is baseless to also conclude that this is somehow 'capitalism'. The two...Morning_star
- ...are unconnected and unrelated. Yet it seems OK to some to try and apply causality and blame where there is none. This is exactly what Trump did.Morning_star
- [citation needed] on that unconnected/unrelate... claim.i_monk
- Are you going to contribute or are you happy being petty and evasive?Morning_star
- Says the evasive, petty propagandist.i_monk
- Yeh, didn't think so. Child.Morning_star
- Now you're just pretending the rich don't get richer by announcing mass layoffs, that corps don't spend more on stock buybacks than raises, that CEO bonuses arei_monk
- completely detached from performances, that furloughed workers still have fixed costs (with or without pandemic relief) that trickled up, that the rich don'ti_monk
- pay lower tax rates than their employees (when they pay at all), that corps were awarded pandemic relief and paid dividends anyway,i_monk
- that more and more of the global economy has shifted to precarious sub-living-wage employment while their 'contracting' (employers) spend billionsi_monk
- buying out the competition and laying off the surplus, and so on and on and on and on and on and on.i_monk
- FFS Amazon stole $61.7 million in tips from its drivers. You think that money wasn't counted as profit, and someone rewarded for doing it?i_monk
- When govts bail out industry, where do you think that money comes from? Whose services get reduced when austerity kicks in to pay for it?i_monk
- Now your turn, "child".i_monk
- Thanks dad. None of what you wrote explains the causation you insist exists between the two headlines.
The majority of the $3.7tr ‘lost’ by workers was a...Morning_star - ...direct result of the decrease in consumer spending leading to a decrease in income for businesses. To solve this jobs were lost or shifts were cancelled ...Morning_star
- ..., thus the decrease in earnings.
‘Billionaires get richer’ headlne is misleading, the assumption your making is that the ‘lost’ earnings of the workers ...Morning_star - ...is somehow finding its way into the Billionaires pockets. How exactly would that happen? the money (earnings) doesn’t exist. It hasn’t been spent by...Morning_star
- ...consumers. The ‘richer by 3.9trillion’ includes all manner of income largely unrelated to the pandemic. I would speculate that, that (3.9) figure would be...Morning_star
- ...higher if the pandemic didn’t exist. To suggest that one headline is a result of the other just isn’t true.Morning_star