TRICKLE DOWN ECONOMICS

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mavisbramston
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TRICKLE DOWN ECONOMICS

Post by mavisbramston » 07 May 2018, 21:53

Look it quite simply DOES NOT WORK? How could it possibly work? Simple maths, simple economics.

Please someone explain what these people are really suggesting or are they intellectually bran dead.
Trickle down? Piddling in your knickers more likely.

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Perrorist
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Re: TRICKLE DOWN ECONOMICS

Post by Perrorist » 08 May 2018, 05:40

That's why the BCA couldn't provide a single example in the world of where it had worked. It's a discredited but self-serving theory that benefits the rich. Nothing unusual there.

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Slapsy
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Re: TRICKLE DOWN ECONOMICS

Post by Slapsy » 08 May 2018, 12:55

Kristina Kenneally asked the question in the Senate enquiry. Now she is copping the full News corpse treatment.
The punters know that the horse called Morality rarely gets past the post,whereas the nag called Self-interest always runs a good race. ..... Gough Whitlam 19/10/89

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Leonie
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Re: TRICKLE DOWN ECONOMICS

Post by Leonie » 08 May 2018, 16:35

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Perrorist
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Re: TRICKLE DOWN ECONOMICS

Post by Perrorist » 08 May 2018, 18:02

I've just seen an article that says Vodafone's Hobart call centre is to shed 100 jobs. The Federal Government offered the company $4 million in 2013 to expand its operation and double the number of jobs to 1450. It also received $850,000 from the State Government, as well as payroll tax relief.

Needless to say, it never doubled its staff, falling short by 600. Now it's getting rid of 100. So much for corporate welfare.

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kfchugo
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Re: TRICKLE DOWN ECONOMICS

Post by kfchugo » 08 May 2018, 22:51

The economic "trickle" always seems to dissipate before it reaches me and I suspect that such is the case for most average Australians. I am watching reports of Morrisons budget and so far am unimpressed.......seems like the traditional pre-election budget of smoke and mirrors with give aways largely dependent on super optimistic revenue and wage growth projections. There are a few appealing aspects, but I dont see it getting the government over the line at the next election.

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Perrorist
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Re: TRICKLE DOWN ECONOMICS

Post by Perrorist » 09 May 2018, 09:08

I agree. Very ambitious growth figures. Absolutely no allowance for adverse circumstances. 10-year projections based purely on optimistic assumptions. But...we get a $25 million statue of Captain Cook in Morrison's electorate. Oh joy!

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Perrorist
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Re: TRICKLE DOWN ECONOMICS

Post by Perrorist » 09 May 2018, 20:53


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Perrorist
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Re: TRICKLE DOWN ECONOMICS

Post by Perrorist » 10 May 2018, 18:54

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Slapsy
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Re: TRICKLE DOWN ECONOMICS

Post by Slapsy » 10 May 2018, 20:52

Trickle down economics seems to mean that the rich get richer. What happens when they have it all? Do we have to put up with more Gerry Harveys,whinging that people no longer shop at their shops?
The punters know that the horse called Morality rarely gets past the post,whereas the nag called Self-interest always runs a good race. ..... Gough Whitlam 19/10/89

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Warrigal
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Re: TRICKLE DOWN ECONOMICS

Post by Warrigal » 13 May 2018, 19:04

Slapsy wrote:
10 May 2018, 20:52
Trickle down economics seems to mean that the rich get richer. What happens when they have it all? Do we have to put up with more Gerry Harveys,whinging that people no longer shop at their shops?
What happens is big trouble when the poor decide to eat the rich - i.e. to demand regime change.

ABC radio national has been featuring the 30 year anniversary of a student protest that turned into a huge general strike in France in May 1968. The students struck a match and it ignited the anger and frustration of the workers.

http://www.abc.net.au/news/2018-05-12/m ... er/9752206

More here
http://search.abc.net.au/s/search.html? ... orm=simple
If you don't have an ASIO file by now then you should be ashamed of yourself.

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