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points by mcphage 1 day ago | 0 comments

> If you take real resources away from the person who owns the McDonald's ice cream machine in real terms I have a hard time seeing how it won't come out of the lifestyle of the dude buying icecream.

What you're describing is called "Trickle Down Economics", and has led to 50 years of economic failure.

[–] roenxi 1 day ago

Assuming we're talking about the US, printing money and giving it to wealthy people has been a big contributor to the failure of the last few decades. The US has made a broad-scale effort to disable every form of market-based feedback that tried to replace the leadership class with more competent leaders. If they'd stopped with the upper class welfare then the 1% probably would have less money, but giving them the money then organising to tax it away again is a strategy that is both bizarre and unlikely to be effective. It's too complex and arbitrary.

If we're talking globally, Asia ain't failing. They're big on producing lots of real stuff. Minted a lot of new billionaires.

[–] IAmBroom 1 day ago

1. The phrase "printing money" is a sure sign the speaker doesn't know what they are talking about. The US Mint has never handed new money to private citizens, nor even corporations (as funding).

2. Your complaint seems to be "X is a bigger problem than Y, so Y is ignorable." Real life is not that binary. Both problems are significant.