104 points

Trickle down economics

For the past 50 years they’ve tried to give the wealthy some money but no matter how much they gave the rich, only a little trickled down to the poor

So they’ve decided to just turn on the money fire hose and shower the rich with all the money they can get their hands on … it’s a literal avalanche of money and hopefully this will trickle down and get some more money to the poor.

For every million they send to a rich person, ten bucks goes to a street person … so we need to spend billions, trillions of dollars on these rich people in order to get enough money to people in need.

permalink
report
reply
58 points

I can actually picture someone making this argument in earnest.

permalink
report
parent
reply
23 points

If you got 10 bucks for every million towards billionaires you’d actually be a millionaire. The ratio was more like a cent for every million.

permalink
report
parent
reply
7 points

I think they mean $999,990 goes to person A and $10 goes to person B.

If you want to create one (1) millionaire that way you would need to spend $999,000,000,000. Imagine how that would look with 1 cent to every million.

Are the two of you even talking about the same data? Maybe you spread the $10 over 1,000 people to get to that number of $0,01.

permalink
report
parent
reply
6 points

Trickle down economics

A sound bit to fool the common clay rubes - fools them over, and over, and over. Rinse and repeat.

permalink
report
parent
reply
92 points

Every GOP accusation is an admission. Where is the money going? Waste, Fraud, and Abuse.

permalink
report
reply
21 points

Trump buying gold gimcracks for the Oval Office on late night TV.

permalink
report
parent
reply
88 points

With far fewer irs agents, they can’t effectively audit tax cheats.

We are funding the complete destruction of Palestine.

Golf is expensive.

He’s been sued 220 times for the 100 days he has been in office. Lawyers are really expensive. (Well unless you blackmail them.)

permalink
report
reply
18 points

My ex is a lawyer, I know stuff I could blackmail her with, nothing bad just personal stuff that you’d not be happy being public. I wouldn’t dare try it, even if I was inclined too.

Blackmail is illegal regardless if what you’re after. At the very least I’d lose my job.

You can’t really blackmail lawyers unless they are actually corrupt. Never mind, they’re his lawyers, of course they are.

permalink
report
parent
reply
3 points

Blackmail might be too strong of a word, but he did strongly encourage a law firm to give him free services so their security clearances weren’t revoked. It’s good to be king, I guess.

https://thehill.com/opinion/judiciary/5254645-trumps-deals-with-big-law-are-shakedowns-in-pro-bono-clothing/

permalink
report
parent
reply
33 points

Tesla sales WAYYYY down… missed earnings on EPS and revenue… somehow the stock goes up?

permalink
report
reply
1 point

Yes. You simply have no clue how the stock market works. Short term price action means nothing. More than 90% of all trades are done by bots on complex algos.

permalink
report
parent
reply
-15 points
*

The entire market goes up at the moment, because there are technical signs that we have reached the bottom. I was telling people to buy a week ago but of course they told me we are going to die and we are heading towards a recession.

I dont think so guys. Big money is buying right now.

permalink
report
parent
reply
16 points

Please tell me this is sarcasm.

permalink
report
parent
reply
-6 points
*

Ok. Well, at least look back at this post in a few days and learn something.

You can actually just look at premarket right now, with microsoft and meta looking like 10% gain on market open, and the entire market going up.

I dont know why people dont care about this. Its pretty nice to have money. So learning the basics about this should be essential.

permalink
report
parent
reply
5 points

Technical analysis is astrology for men.

permalink
report
parent
reply
5 points
*

Way too early. We haven’t even begun to see the results of these policies yet. Inflation results don’t yet take tariffs into account, the mass layoffs that are currently happening don’t show up in unemployment stats yet, the massive GDP shrinkage isn’t showing up yet, supply chains that are in the process of crashing haven’t yet affected consumers. This is a dead cat bounce, which literally every single crash in history has, and every time there are people shouting that the pain is over and now is the time to buy back in, right before the bottom drops out.

permalink
report
parent
reply
1 point
*

We will see. I dont think so.

You should ask yourself when you think its safe to buy. If its at the top of the market, or if you want to wait for the crash that may never come? Both of those options are very bad.

permalink
report
parent
reply
3 points

I got paid at midnight and after paying bills this morning I have about 73 dollars in my account. Which stocks should I buy?

permalink
report
parent
reply
3 points

Bread. :)

permalink
report
parent
reply
2 points

Better than Bullion

permalink
report
parent
reply
1 point
*

I told my buddies to buy. They did not. I started investing in stocks at 30 march and was 6k euros deep before the crash. Went all in because 2/3rd of the time doing lump sum beats DCA. So during a crash, it’s likely to be a really good choice.

ATM I have 8,47% total profit on 22,3k euros investment in STOXX 600 etf. This thing has 0,07% TER and I do not even pay taxes on the dividends within my own country. Only at the initial source. My country has no capital gains tax and it’s an accumulating ETF.

I’m quite amused by Trump’s shenanigans causing hysteria.

permalink
report
parent
reply
1 point

Sadly we are in the minority and people think they should wait until stocks become expensive again, and then buy. I dont know, something is wrong with how people think about stocks.

permalink
report
parent
reply
27 points

And there goes the national debt…TO THE MOON 📈📈📈

yeah some of the billionaires money isn’t even real, the government just gives it to them without having it in the first place

permalink
report
reply
12 points

any global conflicts currently? nope.

any actual national emergencies currently? nope.

any international catastrophes recently? nope.

republicunt in the white house? yup.

ding. ding. we have a winner. to the fucking moon the debt shall go.

permalink
report
parent
reply
1 point

s/nope/not yet/g

Give it time, Trumpler will have all 3.

permalink
report
parent
reply
6 points

But because of the belligerent attitude other countries stopped buying US debt, at a time where debt is exploding and up for renewable. Something is going to break.

permalink
report
parent
reply
1 point

And the only real stipulations is the oppression of your workers and bending the knee to those more money than you.

permalink
report
parent
reply

Microblog Memes

!microblogmemes@lemmy.world

Create post

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, Twitter X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

Community stats

  • 14K

    Monthly active users

  • 2.1K

    Posts

  • 76K

    Comments