No. Trickle-down economics is the theory that deregulation and business-friendly laws result in more successful businesses who can pay their employees better. What it forgets is on one side, who are paying for those businesses to get successful, and that businesses in general are interested in low wages above all.
This would be “job creation” at best, with the G4S shareholders getting most of the spend, the actual security guards are underpaid peons like us.
However, it would at least show and remind the leeches every day that they have something to fear.
Also, security details can be great at their job, but a lot of it is theatre, and even a determined lone assailant can get very far. And they only have to win once, the security detail has to win every day.
Trump was almost killed despite the USSS, JFK was also shot way back when. Is G4S better than the USSS?
Granted, I’ve never done security for a billionaire CEO, but I worked security (including personal security) for well over a decade. And I can tell you without a doubt there is no security in security. Nothing we do matters, it’s all entirely for show. Now, at that high level CEO security detail type it may be different, but a security job is basically “be the one who call the popo,” and no one I knew in security, save one jackass, ever considered the job worth a damn to do anything over.
save one jackass, ever considered the job worth a damn to do anything over.
I feel like there’s a Dwight Shrute in every type of job under the sun.
The problem with any deregulation theory is that deregulation does not exist. Especially in a country like US.
In the US, unions are very strictly regulated, but aeroplane manufacturers are pretty much completely unregulated.
We see the results.
Or what exactly do you mean?
That’s a great point! Let’s discuss it!
You see, regulations can be split into two categories: consumer protection and business protection.
Consumer protection policies and regulations protect consumers from business malpractice. For example, here in Europe we have 1-2 years (depending on the country) of warranty for every product sold enshrined in the law. And that’s something unheard of in the US, because communism or something.
On the other hand, business protection regulations protect existing businesses against competition. A good example is software patents: so common in the US, non existent in Europe.
Somehow when lobbyists are brainwashing American public to get more regulations, they’re talking about business protection and when they want to deregulate something they’re talking about removing consumer protections and American public makes the wrong choice every time.
Speaking of planes you can see this in Europe again: no competition regulations for air lines, yet strong consumer protections resulting in loads of air lines popping up all the time.
So here’s a bit of Marx for you, no, they literally can’t.
Unregulated capitalism floats the most unscrupulous, must exploitative companies to the top, because if they stop being the arch-enemies of humanity, they will get outcompeted. Those at the top are just as much slaves to the system as those below, except most of them like it that way.
The only way they could really help is if they lobbied for getting money out of politics, or better workers’ laws. But they won’t because of the above point.
This is a different outlook on the situation, but I disagree:
The key difference is that companies don’t need to be at the top to survive but willingly choose to be the biggest slaver in town for profit. Their choice to do this is what puts pressure on everyone because they are being exploited and still have to meet their bodily demands that they absolutely require to survive.
Calling companies equal slaves to the system is disingenuous, they have the privilege of not being a living entity.
To be fair, trump was a candidate / former president at the time, not the sitting president nor president-elect. The USSS probably just let their guard down and didn’t expect anyone to try anything.
Who expected a multimillionaire to be targeted before very public figures like Musk? And will private security take their job more seriously than the USSS?
If they only kill the billionaires whose security lets their guard down because “no way it’s happening to us”, that still makes for a steady stream of blood.
No, this is effectively the Broken Window Fallacy - a debunked theory where it proposed that breaking windows (or similar) stimulates the economy because it would cause people to buy new windows and pay for the installation. But it doesn’t work like that. It’s just a drain on the local economy.
Not to be confused with Broken Window Theory, which posits that the presence of broken windows, graffiti, and other forms of vandalism creates lawlessness because people see that the laws aren’t enforced. The idea is that greater criminality is encouraged through the lack of action on minor criminal acts.
We need someone to Broken Window geometric postulate.
For clarity, would you mind outlining exactly how what OP proposed is an example of the Broken Window Fallacy?
Instead of broken windows needing replacement, we have broken CEOs needing protection. Causing destruction as a way to “spur the economy” isn’t really a productive thing.
The only caveat would be is if they were going to hoard that money anyways it might not make it into anyones hands.
“Trickle” would definitely be the key word though.
Instead of broken windows needing replacement, we have broken CEOs needing protection.
Hm, but a possible effect, imo, is that this incentivizes those companies to start being more consumer-friendly — perhaps they make a connection that predatory policies are a risk to their safety so, to mitigate that risk, they take more consumer-friendly position. However, I think where that idea may break down and become more like the broken window fallacy is if people get the idea that policies will keep improving if CEO’s keep getting killed — I think that would just make it so that insurance companies are too scared to operate, which would shift the supply curve to the left [1].
References
- “Change in Supply: What Causes a Shift in the Supply Curve?”. Author: “Akhilesh Ganti”. Investopedia. Published: 2023-08-31. Accessed: 2024-12-10T07:12Z. https://www.investopedia.com/terms/c/change_in_supply.asp.
If you are asking this seriously, trickle-down economics is an absurd nonsense theory, there are no examples of it.
Also, money changing hands is not what creates wealth, and those security details would be just an artificially maintained middle-class that can never be large.
[…] trickle-down economics is an absurd nonsense theory […]
Would you mind defining exactly what you mean by “trickle down economics”?
If it had a definition, it wouldn’t be nonsense, would it?
“Trickle down economics” is a rhetoric instrument by which people try to convince the public that taxing poor people and fiscally spending in rich people will increase the poor people’s quality of life.
If it had a definition, it wouldn’t be nonsense, would it?
It would depend on the definition in question. The term in a vacuum is just a collection of words — what those words mean is rather important, imo.
I see it more as the absurdity of capitalism.
We have people starving on the streets, people unable to afford healthcare, yet the jobs the self-proclaimed “efficiency” of capitalism creates, is labour intended to protect the people who caused these problems in the first place, not labour intended to help the people who face these problems.
Up voted for the dark humor but sincerely it’s Feudalism. A central state nor laws cannot be relied on for order nor process so those with the means purchase or are anointed with safety and power.
