Jon Stewart Explains Trickle Down

When corporations profit - they keep it.

When they fail - we pay for it.

[Squeegee]

What's classy for the rich but trashy for the poor?
Receiving government funds.

[burtonschrader]

Cut back on education. Keep 'em stupid and keep 'em broke. Struggling so much just to make ends meet; who has time to make political protests? This is not an accident; It is by design.😡🙏

[monkeyking]

it is sickening how many people tell me "the CEO's hold all the risk", i will believe that when i see them in line for food stamps

[whiteorchid]

I graduated high school in 1979 and witnessed a huge paradigm shift that occurred in the 1980's after Ronald Reagan, Republicans and corporate monopolies relentlessly waged class warfare on the middle class by getting them to believe that Gov't is their enemy and therefore Wall St. deregulation and Supply Side "trickle down" economics would create "a tide of prosperity" and allow everyone to share the wealth. Instead Republicans busted the labor unions and outsourced millions of American jobs to third world sweat shops creating Americas Rust Belt during Reagan's two terms in office. Now 50+ years later instead of one family breadwinner to be in the middle class it takes two breadwinners who work ever longer hours for less pay in order to make a handful of billionaires even richer and more powerful by manipulating markets, the courts and elections behind the scenes. Yet many in the middle class have been so misled they believe Reagan and Republicans are heroes. So they participate in class warfare against themselves by voting for Republicans due to race baiting and outrage over fake culture war grievances.

[zoyadulzura]

Here's Jon Stewart preaching the truth again. If only more people would listen. He's got a large audience, but it needs to be larger.

[cunt_WAVnstein]

I have nothing against billionaires launching themselves into space as long as they don't come back.

[hezigler]

"We have the best government money can buy." Mark Twain

[Blackferret]

"Dad? What's Trickle Down Economics?"
"Well, son, first the1% gets all the money."
"And then what?"
"That's it."

[erich]

When I was a young child, Reagan talked about his trickle down economics, and I thought, makes sense. Corporations need to make profits to stay in business, and pay workers.

Then somewhere in my teens I realized, no, they are just keeping the extras, and actually screwing workers, let alone not sharing in the new profits from reduced taxes.

Over the last 40 years, what ever extra cash from lower taxes has gone to a few places. 1) Stock buybacks 2) CEOs 3) foreign banks to avoid even more taxes.

Wages in the US for the lower 99% have only gone up with inflation since the dawn of the computer age. That means instead of workers also getting a piece of the pie from increases in productivity, , , corporations kept that too, as well as the tax breaks.

Greed is killing our nation.

[twalrus]

Economics 101
If you put $100 million into the hands of a billionaire, it might get returned to the economy in 6 months to a year.
If you put $100 million into the hands of one million people (at $100 per) it gets returned to the economy in two days.
The REAL job creators are the millions of people that shop. If they stop shopping (like during a pandemic) the rich people that call themselves "job creators" go out of business. A Trickle Up Economy is many times better for the economy than a Trickle Down Economy.

[lindakingsley]

Amen Trickle down economics did not work except for the rich. I am 70 and lost a business, a union job, a job I loved, and my home to this corporate world. And now they corporate world is price gouging me in rent leaving not only me but many starving and homeless. So far I have been lucky and my head is about the water. But I am slowly drowning and I pray this finally ends. Our governments are suppose to be the buffer between this and keep it balanced. They have failed not only America. They have failed the world.

[ohiasdxfcghbljokasdjhnfvawehr]

publicly traded companies should be completely exempt from all government stimulus and handouts. it should be the investors job to prop them up, not the workers.

[drjazz]

trickle down economics works every time. The idle rich get richer, and the tears trickle down the faces of those creating that wealth

[Montie-Adkins]

Safe deposit boxes? No. Tax havens. Last I checked years ago the estimated total was 32 TRILLION sitting in tax havens.

[fmcg]

That was the best explanation I have heard, John Stewart is so right. We got promised that funds would "trickle down" to us. I have been waiting over 40 years for mine and seen no sign of it. I was thinking about UAW workers in 2008 who took lower wages to "save the company" all the while being promised more. It was not until this year that through the union they have maybe caught up with their lost wages. Corporations and the people who run them do not care about the hard working people of the US, they call us "lazy" and "worthless" all the while they are getting rich off OUR work, not their hard work, but OUR hard work. Don't forget this, they are looking out for their #1 and it is time for us to stop taking it in the shorts and look about for ourselves.

[Marshallo.o]

When you pay some attention: "The system is broken and needs to be fixed."

When you pay enough attention: "The system is working exactly as intended and needs to be destroyed."

[valmikii]

As Robert Reich puts it: "Socialism for the wealthy, harsh capitalism for the rest."

[tonylocke]

Absolutely correct. This has been the wedge that has been forced between the working/“middle” (you were never middle), classes, and the wealthy. This has occurred in every sector that was once (almost), espousing fairness and equality. As Americans, you never had a National Health System, but it once provided affordable care for all in the UK and Australia. And still does in many European countries. However, once the Corporations get their teeth into something, that spells the end of affordable anything. Healthcare, Energy, Transportation. You name it, they will fuck it up, and turn a profit, at your expense.

[lbrx]

Most of my adult life. Forced to attend the corporate townhall. They announce record profits. Then tell us how they can't afford bonuses, we will get a merit increase of maybe 4.5 % for the highest level of performance and they are increasing insurance costs again. It's idiotic.

[johnnyfreedom]

Just the idea that billionaires would have so much money it would start falling out of their pockets and trickle down to us is insane! But for the past 40 years the Republican Party convince voters this was good for them!!