We are talking about mythical creatures here. Something as likely as a white pony with a horn on its nose dancing on a rainbow. No, it’s not a Republican with a spine (actually, no it would be a Republican with a spine as well), I’m talking about rich folks with a generous soul.
It’s been a popular myth since the 1980s, when Reagan, Thatcher and sundry others put their poisonous agendas into action, that giving money to rich people benefits everyone. And how does it benefit everyone? Because they will be spending up large, dishing out their wealth to worthy causes and passing on savings to the minions with very little. And how often does that happen? I’ll let you answer that for yourself.
Trickle down economics is the biggest lie ever dreamt up by the power-at-any-cost elite. Rich people don’t spend money, they tie it up in property, shares, bonds and other long term and inaccessible forms that benefit no one except themselves and their families/cronies/shareholders. Right wing spin doctors love to point out the few examples of philanthropy that exist as proof that the system works, but it’s like a sighting of bigfoot. It maintains the myth while allowing the status quo to continue unquestioned.
The trickle down effect is actually a vacuum up effect.
Because rich folks can afford high prices, the people selling the goods pitch
prices aimed at those who can afford to pay top dollar. That’s why you can’t
afford to buy a house, or stay in a hotel, or buy cheese in the supermarket.
Someone else can, and if you can’t, screw you. That’s how economics actually
works. As long as the rich and powerful will pay it, nothing else matters,
because rich and powerful people are political donors, and policy is for sale.
I don’t know if you saw Trump’s ludicrous promotional video
for his vision for Gaza that he had AI generated, with Elon Musk dancing around
throwing money in the air for children to collect at his feet. That’s what
those people want you to think is happening. That’s how dumb they think you
are. And unfortunately, that’s how dumb some people actually are. They look at
those gazillionaires and think they must be good people because they have got
so much. WRONG. They are gazillionaires because they are soulless bastards
without a conscience that have screwed people over for their whole lives and are
hogged everything for themselves.
The latest pennies from heaven myth are Trump’s tariffs. I don’t know how many times people need to be reminded – tariffs are a tax, paid by the importer of goods from overseas. The importer pays money they already have to the government as an import duty (the tariff). It’s a cost to the importer, paid out of their pocket. No one in their right mind is going to wear that, so the importer passes that additional cost on to the wholesaler, who isn’t about to carry it either, so they pass it on to the retailer, who has no profits to absorb it, so they pass it on to you, the consumer, who ends up paying it. None of that money has arrived from overseas. It all existed onshore. It is a re-distribution of domestic wealth from private individuals to the government.
The truth eventually becomes clear when businesses collapse
and people notice their costs going up, but they don’t necessarily join the
dots. There is always someone for politicians and their enablers in mainstream
media to blame.
So here are some truths for you to learn and repeat:
- Rich folks don’t give a shit about you
- Tariffs are a tax
- Billionaire backed corporate media lie to you 24/7
And always remember this: the only good unicorn is a dead one.
