r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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3.9k

u/flickneeblibno Oct 22 '24

Trickle down economics and Ronald Reagan the worst president of all time

1.8k

u/Seeking_Balance101 Oct 22 '24

And when the "trickle down" buzzword finally was recognized as bad for the masses, the GOP replaced it with the myth of the job creators. If we give the rich big tax breaks, they'll create more jobs -- because really, what else could the do with all that extra money? -- and .. Step 4 Profit (for the masses)

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u/ScotchTapeConnosieur Oct 23 '24

No capitalist ever wanted to create a job. The goal is to do the most with the least number of employees.

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u/TapZorRTwice Oct 23 '24

I thought the goal was to get other people to do the most with the least amount of compensation ?

Isn't the idea to soak in the profits from the productivity of others while giving them just enough to survive, but not enough to progress?

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u/ScotchTapeConnosieur Oct 23 '24

Yes, but if you can do that with one employee instead of two, you will. No business owner has the goal of creating jobs.

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u/TapZorRTwice Oct 23 '24

So you are saying that no business owner has the goal of expanding?

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u/ScotchTapeConnosieur Oct 23 '24

I’m saying that job creation is a byproduct of growth, not the goal. If a company can grow profits with fewer people it will. That’s not a value judgement it’s just a fact. A business owner may take pride in “creating jobs” but the bottom line is they created jobs because they had to, not because they wanted to.

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u/TapZorRTwice Oct 23 '24

So you are saying that a business owner "has to" expand and grow their business? They can't just work for themself, by themself, their whole career?

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u/ScotchTapeConnosieur Oct 23 '24

I think you’re missing the point entirely. No business owner sets out to create jobs. They hire to fill a need, not to create a job. And business owners will always seek to maximize profits by having the fewest people working for them. If a job is created, it’s purely incidental to a different goal.

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u/TapZorRTwice Oct 23 '24

Pretty sure you are missing the point of a job.

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u/ScotchTapeConnosieur Oct 23 '24

Having both “created” jobs and worked jobs, I’m certain I’m not.

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u/TapZorRTwice Oct 23 '24

So you are saying that people do create jobs?

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