this post was submitted on 14 Apr 2025
166 points (100.0% liked)
Asklemmy
47495 readers
700 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Trickle down economics are an effective way to redistribute wealth
Did we conclude that, I thought its still heavily debated.
Some argue in the 50s and 60s the US was spending Europe's gold to build highways and infrastructure, gifting Americans the wealth with a continuation of the new deal, they then defaulted in 1971 as inflation eroded foreign debt owed.
Some feel some form of debt accrual is how we derive such a consumption focused standard of living, which is misallocated capital that ends in someone holding the bag when it can't realistically be paid back, or when population doesn't grow fast enough like in Japan or most of the developed countries.