We, as citizens of our various countries, need to identify, point out, and ridicule instances of "trickle down economic" policies and practices in our governments. Just about every case where the taxpayer funds private businesses is an example.

The best investment in business a government can make is to minimise the friction of compliance for all businesses. But I think that gov't subsidies and startup funding (incubators, etc.), and even tax breaks for some businesses, are just a form of trickle down economics. It won't trickle down, because that shit's not a thing.

@lightweight 'best investment in business' shouldn't be a metric government care about

Sorry @lightweight but in this case you've got it exactly backwards. Trickle down economics is the idea that it's best to let The Market™ redirect income into the pockets of the 1%, because from there it 'trickles down' to everyone else (in the form of goods+services, wages+salaries etc). By this logic, govts taxing and spending on social and environmental goals distorts The Market™, because that's money the 1% don't get, so it can't then 'trickle down' from them to benefit everyone else.

@strypey heh heh. I'll have to ponder that for a bit to see how it sits with me...

@lightweight As a specific example, let's take journalism. The NZ government funds salaries for journalists working in the public interest, eg local democracy reporting. Some of them are employed by businesses, but that's ok for two reasons. One, the funding is tied to outcomes, not organizational forms, so social enterprises and cooperatives companies aren't excluded from funding. Two, because the policy doesn't discriminate against businesses, nor favor them, it's more politically neutral.

@lightweight "friction of compliance for all businesses" sounds too much like deregulation to me. I can't imagine you intended it that way.

Deregulation tends to put more money in owners pockets; money that mostly comes from reduced environmental and worker protections.

@lightweight I saw Jayati Ghosh speak on DemocracyNow! She seemed great so I jumped at the chance to follow her account on Mastodon (It might just be someone mirroring her twitter account somehow, I don't know). It seems like everyone who thinks and knows about how economies and societies work are recommending the opposite of what Liz Truss is hoping to do. Everyone concerned with anything other than profits for banker buffoons is recommending higher taxes on large corporations and the rich.

@lightweight
> .. States have a choice: they can opt for austerity programs,
cutting funding to public services and increasing the contribution of the poorest through
inflation-enhanced consumption taxes, at the expense, once again, of the most vulnerable.
Or they can decide to increase taxation on those who have so far failed to pay their fair
share: the multinationals and the super-rich, many of whom have also benefited from the
crisis.
icrict.com/an-emergency-tax-pl

@lightweight theguardian.com are paywalling spammers. Don't link to them, just copy their article.

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