Quote:
Originally Posted by Ducimus
I have to admit, i don't see how trickle down works. Not when your 401K match is stopped. You recieve no more raises, no more bonuses, no more nothing. Meanwhile, the big exec types are rolling in clover. Explain that trickle down to me again? Oh right.. i should be grateful im employed at all. I could be in a cardboard box.
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Every penny earned by anyone is spent unless it is literally shoved in a hole in the ground or in a mattress.
That exec ends up employing many people outside his actual business employees, just via this spending. He has employees that mow their own lawns... he has 3 lawns, and pays people to mow all of them. The employee hires 0 people, he hires 3! His trophy wife spends a gajillion bucks redecorating the perfectly fine (super nice!) house they just bought in Aspen... the remodellers in Aspen get work redoing a house that doesn't even need to be redone. He has multiple cars. Many made in the US (even if they are a Benz, etc). He buys artisanal cheese, and overpriced organic food, grown locally. The list goes on.
The employee buys stuff fresh off the cargo container at walmart. Go china!