Current Events — HabitableZone

Current Events » in reply to Hiring

Re: trickle down economics
TB — (archived)

Of course it works. It just doesn't work for socialists and politicians, who are basically the only people who keep telling us it doesn't work.

"Nobody ever got a job from a poor person." Trite, but true. Even government jobs come from money that mostly comes from rich people.

You've got a hundred million dollars. How much permanent economic growth do you think you'd get from hiring people for six months? To do what? So they can spend money and improve the economy according to the great Keynes mythology? Why would that be one bit different for the economy than just spending the money directly yourself? Maybe you can create more economic growth by investing ten million in several companies than some employee can do by just buying a new refrigerator.

No startup ever got a major investment from a poor person, either.

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