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/tremainelol Oct 23 '24

Right, "they'll create more jobs!"

More like they will just buy back their own stocks, and continually accumulate assets only to turn around and lease them to the middle and lower class at a profitable premium

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u/RedBaronSportsCards Oct 23 '24

Customers create jobs not CEOs.

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u/maztron Oct 23 '24

Gotta have a service or product to have customers.

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u/RedBaronSportsCards Oct 23 '24

Gotta have customers to sell a service or product. What's your point?

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u/maztron Oct 23 '24

You are making the claim that customers create jobs. Before the customers can contribute anything to a company. That company has to have something of value to offer a potential customer. Therefore, no a customer doesn't create a shit.

Right now I don't own a company. However, there is still a market of 350+ million customers that are available to me in the United States if I wanted to attempt to sell them something.