Discover and read the best of Twitter Threads about #trickledowneconomics
Most recents (6)
#cdnpoli 2022 The conservative opposition focus on attacking the gov't in office & obstructionism in HoC renders them, political misfits. Their antagonism neutered their ability to work collaboratively & produce results that benefit those whose interests they are elected to serve
#cdnpolitics 2022 Clearly #TeamTrudeau has had our backs during this pandemic. They have been dedicated to keeping Canadians safe and financially viable. Though I did not vote Liberal I am impressed with the diligence and competence of our minority gov't.
#cdnpoli 2022 The CPC agenda is to expand their "big tent" base & they're aiming to swing Canadians in the political center to the right. But PP's flailing attempts to convince us that he's one of us and what he has to say is relevant are a FAIL! He clearly isn't PM material.
#PostTruthEconomics aka Trussonomics or Trumponomics is the economics being followed by #PostTruth governments that ignore economic expertise and formal forecasting & scenario analyses in favour of evidence-free policies based on ideology or populism - a thread
In the UK, the #budget2022 is a prime example: no @OBR_UK costings with scenarios based on alternative assumptions; policy changes based on wishes & hopes, rather than evidence; facile & ad hoc justifications (trickle-down economics); bluster & mis-speaking arrogance; and lies.
One feature of #PostTruthEconomics is the co-option of non-mainstream, outlier, ideological, or dead economists to provide confident justification, at least of aspects of the policies, e.g. for #budget2022 Prof Patrick Minford @JamesVa72538332
Reflections on the morning after - and especially the markets… 🧵
It may well take some time for the dust to settle on #KwasiKwarteng’s first #Budget (yes, 'Budget’: if it looks like a duck, walks like a duck and quacks like a duck, then it’s fair to call it a duck)...
It may well take some time for the dust to settle on #KwasiKwarteng’s first #Budget (yes, 'Budget’: if it looks like a duck, walks like a duck and quacks like a duck, then it’s fair to call it a duck)...
The initial reaction from most economic commentators and in the financial markets has been a loud boo! There are some things I would have done differently. But the overall strategy is sound, and sentiment should recover as the economic benefits become clearer...
There are two aspects I particularly liked. One is the emphasis on breaking the ‘doom loop’ of weak economic growth and rising taxes, both with tax cuts and – at least as importantly – structural reforms on the supply-side...
Trickle down economy is a joke. Modern monetary theory with central banks have made a complete joke out it. Those close to the money source get richer, while those farthest earn pennies.
#TrickleDownEconomics
A Thread 🧵 for your awareness 👇
#TrickleDownEconomics
A Thread 🧵 for your awareness 👇
What's really funny is that the person who coined "trickle down" meant it as mockery. Do you know who that is? "Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says" bloomberg.com/news/articles/… #capitalism
..Will Rogers coined "trickle-down." Yes, that's right, the humourist Will Rogers. He was criticizing Hoover's stimulus package in the 30s Depression because (like so much Covid stimulus) it was going to powerful entities that didn't need it: en.wikipedia.org/wiki/Trickle-d…
..Meanwhile, another expression for a capitalist article of faith - "pull yourself up by your own bootstraps" - also started off as a joke. It's a 19th C expression to describe the impossibility of pulling yourself up alone. Yet some take it at face value. en.wikipedia.org/wiki/Bootstrap…
LISTENING TO @HealthyFla is a #foolstep - FACT: They have #liedandmisled about numbers every day. In context with ONLY 5% of symptomatic allowed to test — they lulled you with numbers that masked the catastrophe. Real #? 95% higher likely - exponentially #thisiscriminal
THIS IS WHY SCIENCE MATTERS. THIS IS A PARADIGM SHIFT. THE BULLSHIT STOPS NOW. THIS PIVOT #WILLCHANGEOURNATIONFORALLTIME LETS MAKE SURE THE WORLD WE REBUILD IS BASED ON FACTS. WE CANNOT FORGET OR PLAN FOR THE FURURE UNTIL WE ACCPET THAT WHAT WE DID CANNOT EVER BE
REPEATED. #TRICKLEDOWNECONOMICS IS AN ABJECT FAILURE. GOVERNMENT HAS BEEN ONLY FOR THE #CORPORATE NOT #FORTHEPEOPLE. THAT ENDS NOW.
#AmericaISBACK our values are basic #humanrights #heathcare is not a luxury item #incomeinequality is addressed immediately. #thegapends
#AmericaISBACK our values are basic #humanrights #heathcare is not a luxury item #incomeinequality is addressed immediately. #thegapends
