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re: Trickle Down Economics Explained

Posted on 5/26/17 at 9:28 am to
Posted by Loserman
Member since Sep 2007
22000 posts
Posted on 5/26/17 at 9:28 am to
quote:

This is largely true, though. The goal is to prey on the ignorant enough to turn the biggest possible profit while still leaving them unaware they were fricked. And as your power and influence grows eventually the law morphs to protect your business from competition allowing you to frick consumers over even harder


This is absolutely bullshite.

70 years ago, almost no American's had Refrigerators, Washers, and Dryers.

If you were wealthy enough to have one of those devices they generally cost adjusted for inflation around 10 times what they do now.



Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 5/26/17 at 10:04 am to
quote:



This is absolutely bullshite.

70 years ago, almost no American's had Refrigerators, Washers, and Dryers.



And? They were invented.. protected by patents and the cost artificially inflated at the expense of the consumer.
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