Thread by @GirlsBurnTrump

@dmesg @Mikethejohnson @jejones3141 @antoniogm Link and a thread... the link: fb.watch/82_0bdJxTZ/

The thread:

This is a significant illustration of how money REALLY works. In the video it says that the Pullman Porters lifted their own standard of living and that of their community. But how? 1/

@dmesg @Mikethejohnson @jejones3141 @antoniogm They spent money in their community, buying goods and contracting services. In order to meet their needs, more people had to hired, and more inventory had to be created. Those new hires bought goods and contracted for services, creating MORE jobs and MORE inventory, 2/

@dmesg @Mikethejohnson @jejones3141 @antoniogm and MORE WEALTH IN THE COMMUNITY. This money was passed through many sets of hands on its inevitable way to the pockets of the wealthy and the businesses they owned.

That's what happens when a society decides deliberately to put money in the hands of folks 3/

@dmesg @Mikethejohnson @jejones3141 @antoniogm at or near the bottom of the economic scale. The money placed in the hands of those on the bottom rung gets spent on life's essentials. Although the money may change hands many many times, it eventually and INEVITABLY makes its way to the top, regardless of where it started. 4/

@dmesg @Mikethejohnson @jejones3141 @antoniogm But, in this fashion, it improves the lives of everyone whose hands it passes through in a virtuous cycle on its journey to the top tier. This is the life's blood of a healthy, thriving economy that supports a robust middle class.

But, over the last 4 and a half decades, 5/

@dmesg @Mikethejohnson @jejones3141 @antoniogm the #GOPTaxScam and others like it have exsanguinated our economy, and with it, our ability to maintain our society. When money goes straight to the top, it STAYS at the top. Are those few rich folks going to buy as many pizzas, groceries, school clothes, washers and dryers, 6/

@dmesg @Mikethejohnson @jejones3141 @antoniogm cars and houses as the folks on the lower strata would, had they possessed that money? Of COURSE NOT.

You don't need as many waitresses and cooks, as many car mechanics, as many grocers, carpenters, plumbers, convenience store clerks if that money makes a non-stop trip 7/

@dmesg @Mikethejohnson @jejones3141 @antoniogm to those pockets at the top. And it doesn't get spent on roads or schools or hospitals either.

But the irony is the kicker, because wherever the money starts out, ALL OF IT ALWAYS lands back in the pockets at the top, whether it makes that beneficial, virtuous, 8/

@dmesg @Mikethejohnson @jejones3141 @antoniogm commonsense detour or not. fin/

#TaxTheRich

#EndGildedAgeTaxPolicy

#RichJobCreatorsIsALie

#ProgressiveTaxation

#TrickleDownIsATrick

@dmesg @Mikethejohnson @jejones3141 @antoniogm @threadreaderapp please unroll. Thanks!