Inflation rose by 22.6% from 2019-2024. In that same period, the 100 lowest-paying corporations paid their CEOs 34.7% more. Worker pay didn't even keep up with the rate of inflation. Those corporate tax breaks will never, ever, ever trickle down. WE ARE BEING SCAMMED.
Yes... And #DeMininus? Starting soon, what percentage increase is $125 from $20? Now put that across 4 mln goods, the devistation will be massive. The brakes are coming on the train and it took 250 years to get it to this point. Take care, this is going to go postal. bsky.app/profile/thin...
According the online inflation calculator it is 25%. In reality it is likely significantly higher than that, as the inflation calculation was changed by the government in 1990. www.shadowstats.com/alternate_da...
They’re stripping America for parts and when they’re done they will tell the MAGA cult it was because of imaginary democrat policies and convince them that they are the only ones who can fix it and move into phase two the starvation wage enslavement of the masses by the oligarchs.
Which is the designed function of capitalism Want this shit to stop You need socialism
Yeah because socialism as government and economic system has such a great track record
It has actually you've just been told otherwise by the parasites that would lose their power if the public owned the means of production
Please share the wonderful successes of socialism
Vietnam and Cuba and Chile before us capital ended it there and Russia before capitalism destroyed it voted to keep the union 5 minutes before it was overthrown and the nation was plunged into poverty so parasitic bludgercunts can profit many Russians want it back
If countries, such as Cuba, are so successful and wonderful utopian societies, why are the rafts and makeshift boats only going one way?
People seeking medical care go the other way Their problems are a direct result of US foreign policy Collective punishment designed to destabilise the nation
You know Castro was a billionaire when he assumed room tempature?
You know you can be wealthy and a socialist right?
And, so, but, therefore he oversaw the best time in their history And implemented socialism to do so
Most everyone agrees that private equity is the worst. Private equity is pure capitalism.
so many opinions. heres one I can afford to do what by whos standards and where.
Yup. 👍 Definitely right. Been waiting for trickle downs since Reagan in 1980. It’s just gotten worse with most speed bumps removed now under the present admin.
That is a total hoax perpetrated by Republicans for a long time. No sane economist has ever concurred with this lunatic theory. Another BS like what is happening with this cruel regime and their cohorts in Congress.
Well maybe if we just try it again it'll work. Run it one more time.
You got that right!
What’s your source?
bsky.app/profile/mjkw...
Have we had enough yet?
They gave workers tiny bonuses when it passed simply to fool them. They will NEVER share anything unless forced. The less they pay workers, the higher their tax rate should be! #taxtherich
Indicative of the real welfare queens and terrorists we need to worry about not someone from another country. Your oppression is their profession. This regime is pathologically sociopathic.
Do you protest athletes, actors, musicians being paid millions while producing nothing and responsible for their small entourage. They deserve your wrath. CEOs who are responsible for the employment of thousands of people are paid what they are paid because that is what the market will bear.
So what do all these CEO's do with there money? The spend it, which creates more jobs, or they invest it, which creates more jobs. If you are so jealous, shy don't you become a CEO?
Aww who's a good little puppy, is it you? Are you a good puppy? You like it when you roll over and billionaires scratch your belly, don't you puppy?
I specifically asked for intelligent responses. Apparently, this is beyond you. I don't know any billionaires, but I do know truth and principles. I also know you are a tiny-brained wiper of other people's bottoms.
Aww is someone an angwy pupper? You won't get any treats acting like that!
You are not important enough to inspire anger, frustration, or even disgust. You are a vapid twit and as popular as a fart in an elevator.
Apparently I am or you wouldn't respond? Aww does the puppy not have any real friends to talk to?
No, they hoard it in an offshore bank account or spend it on stock buybacks. Corpos arent your friend. Their only goal is making profit by any means necessary. If screwing over regular people makes line go up, thats what they'll do without hesitation.
Here's an extra tip: screwing over people is almost *always* more profitable.
I don't think you have a deep understanding of the economy or investing and you seem to have a sad world view. Now many rich people are miserable, amoral, and self-serving like Zuckerberg, Gates, Soros, Clintons, Obamas but many others are generous, socially aware people not seeking the limelight.
You dont get that big/rich without exploitation and harm of regular people. Being good to customers and socially conscious will always make less money than being the biggest evil asshole in the world. Evil ppl do evil things and make tons of money and uses it to bribe and consolidate more power.
Capitalism when not kept on a tight leash will always poison the society its in. When the only goal is profit over everything, those with money will use it to produce propaganda and change laws in their favor to make more money at the expense of everything. The incentive structure demands it.
What college did you go to? You did not get so steeped in bullshit with just a high school diploma. It must have cost your parents a pretty penny to have you so indoctrinated. I am sure they love you, but I am very glad I am not them.
Lol. Corpos arent and never will be your friend. They dont care about you, just your money and the easiest way to dig it out of your pockets. BTW, I have an associates degree in software development. Not indoctrinated, just empathetic to normal people getting exploited by the rich.
If you can't make a cogent argument, toss an insult. I took macro econ in my engineering from a big ten college, and there was plenty of inexcusable hand waving being taught. Main one was information asymmetry being real as hell but it breaks price theory. No wonder economists make bad predictions.
Intro macro is universally terrible, along with most undergrad econ coursework, but it has nothing to do with why economic predictions are so difficult. Since much of that isn’t used by them. Hence why if you want a economics PhD you don’t major in economics.
Seems to me the reason that economic predictions are so difficult is because they hinge on people.. And people are more complicated then anything else we know of.. "Economic Man" is such a precious concept. ( I am in no way insulting you personally, if you are in economics.. )
Most of what intro macro covered was pretty bog standard core economics from what I've read since. I'm a physics guy who ended up in engineering. Like many physics guys, I consider much of econ to be physics models applied to money and not rigorously scientific at all. Polemics for the rich.
"tight leash" right on!! My soapbox line.. "Capitalism is like fire; powerful tool when tightly regulated. Left on it's own it will burn your house down."
Capitalism doesn’t poison anything. You know what does? Government. Everything government touches turns to garbage
Right there with you.
Good products are expensive to make. Easier and cheaper to throw money around to remove competition and make a shitty product to save costs than actually making customers happy with a superior product. Capitalist enshitiffication.
See that isn’t capitalism, that is cronyism because the government allows the lobbying that puts the restrictions in place to destroy competitors
lul. Ancap philosophy will never work. We moved away from feudal systems for a reason.
I want to make more money, but the government regulations stop me from the easiest ways to do so like requiring worker safety... I know I'll just bribe... I mean "lobby" the government to make it shittier so I can get rid of those pesky requirements to treat my workers as people and not slaves.
So you are proving the point that the failure lies with the government
I don't think a pro extreme wealth position is a deep economic understanding at all. It's mere recitation of economic doctrine designed to serve extreme wealth
I am an extreme capitalism supporter: If someone brings value to an organization, they should be compensated for that value, whether they are a janitor or CEO. What "economic doctrine" do you subscribe to that would argue against that ? Please elucidate.
That "if" is critical. I do not buy the BS that a specific CEO has some magic sauce that makes the company profitable.. is worth that kind of cash. Or that if they have to pay steeply progressive income taxes it will destroy the business. Don't have a scholorly title for this, sorry.
If a CEO asks for a high salary and gets it, that is because the organization thinks it is worth the price, that is what he is paid. Your opinion has no bearing on this. That is the economic reality. If a company was willing to pay whatever you asked, would you as for a high salary or a low one?
When they spend their money, they get something back of that value. When they invest, they own and debt flows back. Why these CEOs deserve this obscene amounts is the real issue. They don't. Working class spending fair wages create more jobs.
If the CEO gets a 10% pay raise, the employees should get a 10% pay raise. If the CEO gets a 25% raise, the employees should get a 25% raise. If the employees have to take a pay cut, the CEO should have to take a pay cut of the same percentage
Maybe the CEOs compensation packages should also only be based on a percentage of the average income of the 10% of the lowest paid employees at their company. Maybe then they would have incentive to pay workers a living wage. No multimillion dollar stock and comp packages when employees struggle
Or you know, his pay should have limits. But also, this guy is incredibly useless and do not provide anything, so maybe he should not be there in the first place
Yep!
We have been scammed over “trickle down economics” since Ronald Reagan introduced us to that concept in his time in the WH. Trickle down economics have never, and will never, trickle down. It just creates more of a division of wealth.
Only pee trickles down.
Trickledown economics was ALWAYS a con It assumes companies will pay and equip their employees as an expression of how much they value the employees. Biz school TEACHES them Not to value labor but to exploit it maximally, pay as minimally as possible, and give the gains to investors and the C-suite
Nah, GIVE THEM ANOTHER 50 YEARS They pinkie swear it will trickle down then
M salaries, like Social Security have never been kept up to date with inflation, and neither has the federal tax code. It's time for Cubed to reset the tax code to be adjusted for inflating back to 1980 validation of the dollar. Congress has stolen plenty of our tax funds
Isn’t it something how many things are coming into clearer focus.
Oligarchs successfully brainwashed Americans into believing late stage capitalism equals democracy. They successfully intertwined progressive taxes, “social” programs, with doublespeak, communism, socialism & other -isms to scare public into thinking it’s anti American or anti democratic.
The system is rigged for the haves
Inflation did not rise 22.6%. Prices (i.e., the price level) rose 22.6%. It's sort of important to know what economic terms mean.
The supposedly “hard pressed” Egg industry just posted a quarterly profit of $590 million. They are gouging us EVERYWHERE!
via @ips-dc.org ips-dc.org/report-execu...
Capitalism is killing us.
The 16th amendment actually requires a 2/3 majority of both houses to modify tax structures once enacted, including "tax cuts" however structured. It is technically modifying a Constitutional amendment. Then sent to the states for ratification. Tax cuts by a simple majority are unconstitutional
we've been scammed since raygun. youtu.be/b5wfPlgKFh8?...
They r raping American labor. I can’t believe we haven’t had a national strike. 🪧
If we each talked to 1 neighbor irl it would do more good than 50,000 blueskeets about politics probably
Surely, all that money from stock buybacks will trickle down as well. Maybe they'll share some with their workers!
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No One is being "scammed." Corporations, by LAW, have a fiduciary responsibility to their Shareholders/Investors (like YOUR 401k) FIRST. They have a duty to make a profit for the aforementioned. The Board of Directors are responsible for the decision of what the salary will be for the CEO.
We've been scammed and fleeced since the founding of this country. It's never going to change.
Ough... inflation...
Yes and for the life of me, I don't understand why more people don't get that. Even if you don't follow news, you have to know that you're paying more for things that Trump promised he'd make cheaper on day one.
Trickle down doesn’t even make sense conceptually. What reason would the wealthy ever allow their money to leave their own pockets. It’s ludicrous to even entertain that economic proposal.
We're being scammed by the only group of people at a company easily replaced by AI. Analyze data, make safer bets. Choose your leader: Man who has never had a challenge because his daddy knows someone Or Machine that reviews data and predicts the best response based on past data across industries.
Of course, we are !!!😡😡😡😡😡
It feels as if the Uber Rich got pissed about increases in minimum wages and decided to just inflate so as to reverse the progress. Monopoly being real, even if well hidden by multitudes of shell holding companies and brand names.
Let’s try trickle up economics
we knew that when we bailed out for too big to fail and the corps bought their stocks back withe the bail out money
📌
yeah no shit. that’s the whole deal of the republican party
Yes we are.
For decades
Like I was told at work - there always have been , and always will be, the 10% in castles while the rest of us work in the mud to grow their food and serve them. Fact of life. That's humanity.
We have been scammed since before “The Gilded Age “
Scammed by Israel, who receive billions of our tax dollars to slaughter babies
According to a blog post from the St. Louis Fed (FRED Blog), average weekly earnings in the private sector rose by 28% over that period
The answer is probably most of them and release the Epstein client list.
Well how do you expect them to fund the CEO's bonuses if they have to keep paying all these employees a living wage?
too bad Biden didn’t do anything about it. I was soooo team Biden. What a disappointment
Aint end stage capitalism great??
I realized in about the 5th year of the Reagan Presidency that nothing was tickling down as promised. Now we are 45 years into "trickle down" and nothing has trickled down yet. All that has happened is the middle class has slowly been sliding down into the ranks of the working poor.
To say nothing about corporate subsidies on top of tax breaks.
Greedflation and exploitation
It’s never been corporations that are the problem. It’s always been the parasitic class of humans jockeying for leadership positions in them. A cap on executive benefits and a corresponding raise in federal Rep/Senate salaries would revolutionize the country.
I hope people start realizing this.
We don't have inflation, we have corporate greed.
'The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.' John Kenneth Galbraith
Only way a rich person will trickle down the money they get is if you put a cap on how much profit they can make off their product. If their product puts more then 100% profit in their pocket then they either have to pay their workers more or they have to lower the price of their product.
Meanwhile, minimum wage hasn't been raised since 2009. www.dol.gov/agencies/whd...
THEY are being scammed. But it’s easy to scam ppl who have a severe negative reaction to reality.
And only WE can do the saving of US
This Administration has 13 Billionaires in Seats…. BBBill only enriched Billionaires.. 🤔 … such a query
Corporations are a glorified crime syndicate They get away with everything
With tariffs, it's double taxation.
Tax cuts for the rich only hoards wealth & slows the flow of currency within an economy down to a trickle.
The oil and gas sector keeps recording the largest profits in history, so why are we Federally subsidizing them 10 to 50 billion dollars annually? www.reuters.com/business/ene...
Because corporate welfare is not socialism or a non-tariff barrier?
I miss having Joe Biden as President everyday.
Compared to what is in office now, yes. Compared to what could have been in office, no.
What could have been in office was mentored by Biden. That was an unnecessy thing to say about an unproven theory.
Sorry but I lived in NorCal while she was the state AG so have a reasonable view of her capabilities, as do most Californians. . If there was a primary I don’t believe she would have won. And I didn’t see a whole lot of mentoring going on.
VPs do a lot of domestic meet and greet events not often handling or included in the bigger issues. Biden gave Harris a lot of international opportunities. Thereby making her personally known to world leaders. Biden gave Harris the experience and insight into foreign affairs she lacked. Harris...
... was sent to Guatemala, Honduras, Mexico, Poland, Romania, Ukraine, Africa, Singapore, France, and many b other countries to represent the U.S. along with world summits and conferences. Biden introduced Harris to world leaders. There is no argument in Washington on either side of the aisle...
A diplomat's passport reveals global engagement far better than partisan debates could ever obscure.
Yes. In diplomacy the learning and knowing is in the doing. Biden prepped Harris well.
...that Joe Biden has the most knowledge and experience in Foreign Relations. That is one way Biden mentored Harris among others. Harris acknowledges this - so should you.
Repeat loudly after me: THE SCAM STARTED WHEN RONALD REAGAN FIRST SAID ‘TRICKLE DOWN ECONOMICS” 40+ years and 78 trillion dollars transferred from the bottom 90% to the top 1% later, America teeters at the brink of becoming a technofeudal neofascist dictatorship. Reagan’s dream is nigh complete.
Yes that’s true ! I agree with you on this
We are living in the mind of ‘Celebrity White House Apprentice”.Does not matter what you say or do because the big fat orange turd knows more than anyone. His meetings are audiences for him.This is his fantasy and the dumb son of a bitch does not care who he hurts or destroys. This is the real man!
Still dry since Reagan!
We got 40% under Trump just in July alone.
90% WEALTH TAX. 90% CAPITAL GAINS TAX.
How did you determine the “lowest-paying corporations”? Seems cherry picked and not a realistic comparison to inflation.
so what's new
Oligarchs create a separate economy for working people. Two economies exist: an economy that is controlled and manipulated by oligarchs that serves them well, and the other face of that economy that “serves” working people. An economy of price fixing, and exorbitant profits funneled to the wealthy
Are you asking us or telling us?
This has been the case for a long time. With MAGA politicians in charge, voters will be manipulated and duped to make the economic system more tilted towards “the most fortunate”. The insanity continues while the devastation and chaos ramps up! The Epstein Files reflects part of a major problem!
I’m with the “We are getting fucked” group
Trickle down has ALWAYS been a scam
Every politician should only be allowed the pay amount equal to the median income of the people they represent. Watch how fast change comes if that happens.
We need to go back to calling trickle down economics horse and sparrow economics. The horse, capitalist class, eats the feed, and the sparrows, us, pick the seeds we can find out of the horse's shit.
Who pays corporate taxes?
Modern slavery 101
You know what we need? More worker-owned companies. Like, a *lot* more. Maybe all of them.
It make you think of written language and his role in exploitive societies, actually. The main initial role of written language and mathematics was to count how much farmers and worker produce to be able to take their products from them.
It used to be the case in most of the world, subsistence economy is still a thing. Europe has a longer history in exploitive organizations, but in Europe too, at some point, it used to be like this.
NO, WE ARE BEING FUCKED BY THE CORPORATIONS AND THE RICH. We are totally fucked! Not just fucked, like elephant dick, pound in the ass, no reach-around, jungle fucked!
It's like being Diddy-ed w/o the benefit of baby oil. 😒
Since the 80s.
True--- but seriously--- how often does this get pointed out, and the dumb fucks STILL don't see it. I think I'm just gonna give up and become a CEO.
Here we are. You're worried about the economy while the oligarchs are destroying the democracy to reinstate a slave economy.
Stop voting in favour of being scammed
Trickle down == bullshit!
If the ceo takes a day off, the company keeps working. If all the employees take the same day off, nothing gets done. So yeah, I’m real fucking tired of middle men making money off of the backs of people that actually work.
Stop. Buying. Their. Plastic. Shit.
Trickle down means we are getting pissed on by these corporations
No kidding, it's a disgrace. You know what would be helpful? A list of those 100 lowest-paying corporations so we can avoid buying their products or using their services. Please post the list.
Join your state Green Party. Vote for Green Party candidates. Real paradigm change is possible.
Part of the problem is a lack of competition in the market and successive governments signing off on takeovers and mergers which only benefit the rich, not real working people.
Trickle down never has worked out for average Americans. The GOP only looks out for the wealthy and corporations.
Tax breaks have never, ever paid for themselves. Ever. Trickle down is a lie that only morons in the US could swallow.
Not just scammed, workers are on the road to serfdom. Neo-feudal economy.
Also, employers aren’t giving pay raises or promotions, and they refuse to give a Cost of Living Adjustment.
It is corruption I have a plan to fix this To work,at a minimum ,the TRIBES must unite Republican fascist communists breath easy because how can one get the tribes to unite?! A leader with CORRECT message I Intuit could bring humans together in one thought....FREEDOM
Don't shop with any company that is on that list. Telsa is already in the toilet. Let them give Elon more money as the company tanks. Let it dissolve. There are others that deserve our support. www.vanityfair.com/culture/stor...
Trickle down (from Reagan’s handlers) never worked. Mumbo jumbo to fool the majority of Americans.
Who the fuck was the democrat President who oversaw that horrendous rate of inflation? And I should give a fuck what some rando, lefty, "Americans for Tax Fairness" has to say? You're part of the problem!
STOP THE BLATANT CORRUPTION AND DESTRUCTION OF OUR DEMOCRACY* STOP THE SYSTEMIC OPPRESSION OF THE WORKING CLASS** *VOTE ALL REPUBLICANS OUT ** TAX THE BILLIONAIRES THE PEOPLE HAVE THE POWER TO DO THIS. IT REQUIRES EDUCATING ONESELF RATHER THAN SWALLOWING PROPAGANDA AND *VOTING ACCORDINGLY*.
Absolutely true
Yep. Tax Breaks for the wealthy are scam and it leaves us with more national debt.
