1037
top 50 comments
sorted by: hot top controversial new old
[-] ininewcrow@lemmy.ca 77 points 1 month ago

Trickle down economics ... give more money to the ultra rich and eventually some money goes down to the people at the bottom of the economic system

The problem they've discovered after 50 years of this system is that there just isn't enough money in the universe to send to the top and allow enough of it to flow down to the bottom.

A billion dollars only allows a dollar to get to a person living on the street ... so we have to send billions, trillions, gajillions of dollars to the super-ultra-giga rich to get enough money to average people.

This is the problem of trickle down economics .... we just haven't given enough money to the top yet

We have to give the rich more! ... in order to save the poor ... do it for the poor!

[-] Hotzilla@sopuli.xyz 17 points 1 month ago* (last edited 1 month ago)

I verified the number because it doesn't sound quite right. Walmart makes profit of roughly $20B yearly, per day that is $55M, the family owns around half.

So they make like $25M per day.

That is still insane amount of money, and probably also they do some tricks to lower the profit and hide the money through some loopholes, like all the millionaires/billionaires.

Nobody needs that kind of money, so they should be taxed like hell, but not in this world

[-] xavier_berthiaume@jlai.lu 7 points 1 month ago

but not in this world

That is until people take measures into their own hands

[-] Snowies@lemmy.zip 1 points 1 month ago

Most people on earth will never see $100,000 a year, and almost all Americans will never see $200,000 a year.

Even making $1,000,000 a year is fucking incredible and life-changing and lets you go anywhere and do almost anything you want.

Anything over that is just dick measuring money.

They are making $25,000,000 PER DAY.

A million dollars is chump change to them.

More money than we’ll ever see in our lives is chump change to them.

Currency is just quantified social power.

If someone has essentially infinite social power compared to everyone around them, there is no world in which their interests don’t directly and explicitly involve (at the very least) keeping that power.

[-] LadyMeow 14 points 1 month ago

Wait do people actually claim that?

Like I guess it does, for the rich assholes. But it sure seems to make a lot more for the other people

[-] Transform2942@lemmy.ml 21 points 1 month ago

Libertarians and neoliberals unironically believe that "a rising tide lifts all boats"

[-] Soup@lemmy.world 35 points 1 month ago

A rising tide does lift all boats. Giving all your money to a couple uber rich people is not a rising tide, though.

[-] moriquende@lemmy.world 2 points 1 month ago

More like a geyser that lifts just a couple of boats

[-] Transform2942@lemmy.ml 2 points 1 month ago

I agree that a literal rising tide does lift all the boats at port but that trite little saying is used to justify trickle-down economics and neoliberalism at every turn

load more comments (4 replies)
[-] Viking_Hippie@lemmy.dbzer0.com 11 points 1 month ago

Libertarians don't, and it's one of the few things Neoliberals are actually right about.

"A rising tide lifts all boats" refers to the fact that giving money to the people on the bottom of the financial pyramid who needs it the most will benefit everybody. Unlike just shoveling it at the already rich, which is what capitalism is designed for.

Infuriatingly, almost none of the Dem leadership actually follow through on this mantra with actual policy, beholden to the rich capitalists as they are.

[-] Atherel@lemmy.dbzer0.com 5 points 1 month ago

The problem is that more and more people can't afford a boat anymore.

[-] Viking_Hippie@lemmy.dbzer0.com 3 points 1 month ago

And even if they could, Neoliberals and fascists have given the rich all of the places where they can use or even place a boat.

[-] BestBouclettes@jlai.lu 3 points 1 month ago

Neo liberals believe in trickle down economics though.

[-] Viking_Hippie@lemmy.dbzer0.com 4 points 1 month ago

Yeah, that's why I pointed out that they SAY "a rising tide" but very rarely actually act on it when it comes to legislation.

"Centrist" (read: right wing to far right by the standards of democracies in general) politicians are nothing if not hypocrites and lying demagogues 🤷

load more comments (2 replies)
[-] lobut@lemmy.ca 6 points 1 month ago

My coworkers do. Somehow the reason things suck is because of immigrants. Despite being immigrants. It's the lazy people who don't work as hard as them. Mathematically removed if you look at how things work. Not to mention that all these systems are artificial ... why shouldn't we build a system that benefits everyone instead of the few?

[-] brbposting@sh.itjust.works 9 points 1 month ago

I know lemmy.ml censors, lemmy.ca as well?

Mathematically “ignorant” I’m guessing

[-] lobut@lemmy.ca 3 points 1 month ago

Honestly I drank too many beers tonight ... I probably used one of those bad words. I shouldn't have. Didn't know they censored as well.

[-] moriquende@lemmy.world 2 points 1 month ago

Probably mathematically regarded

[-] HugeNerd@lemmy.ca 13 points 1 month ago

No, energy sources end poverty. There was plenty of capitalism before even coal, but lots of poverty.

[-] ThatsTheSpirit@lemmy.dbzer0.com 10 points 1 month ago

Capitalism can end poverty for sure and was definitely a step up from feudalism.. it just happens to also birth a whole slew of contradictions within the social fabric.

[-] Valthorn@feddit.nu 9 points 1 month ago

So for one minute of profit they could pay 350 people $25/h for a full day. 21000 people with a full hours profit!

[-] blitzen@lemmy.ca 8 points 1 month ago

I cannot take seriously any claim of the ultra wealthy “making” x number of dollars per minute/hour/day. That’s just not how wealth works.

[-] Randomocity@sh.itjust.works 20 points 1 month ago

I agree entirely. The rich don't "make" any money. They siphon it from the poor.

load more comments (6 replies)
[-] PenguinMage@lemmy.world 15 points 1 month ago

This is whats called a breakdown... if their yearly income is X, then you can find out what their hourly and daily incomes are through rather basic math.

[-] blitzen@lemmy.ca 6 points 1 month ago* (last edited 1 month ago)

Most of these memes simply take a net worth a divide it by 365 or whatever.

The ultra wealthy don’t have a set yearly income in the same way we all do.

[-] forrgott@lemmy.sdf.org 7 points 1 month ago

Umm, what? That's exactly how it works.

That's not what you were told, sure. Maybe time to shed some of that naivete, though.

[-] blitzen@lemmy.ca 6 points 1 month ago* (last edited 1 month ago)

I don’t mean it as acceptance of the massive wealth disparity, about which I agree fully.

I meant that “per hour” implies a wage paid by somebody/ some company, and the uber wealthy don’t really collect a wage.

It’s fair enough to say that a person’s wealth went up *x *last year, or y the year before that. But whatever the increase (or decrease) in net worth was, it’s not dependent on the number of hours they worked in the same way it does with a wage.

[-] Olgratin_Magmatoe@slrpnk.net 7 points 1 month ago* (last edited 1 month ago)

I'm sure explaining the shell game the rich play is really comforting and helpful for the starving masses. /s

[-] Appleseuss@lemmy.world 5 points 1 month ago

I get it, you have no concept of economics and refuse to learn.

[-] jago@lemmy.ca 4 points 1 month ago* (last edited 1 month ago)

That’s just not how wealth works.

Would you expand on that, in the context of previous replies that point out that this is meant as a simplified analogy of the value of one's own time?

How does wealth work? This is not a loaded question.

[-] blitzen@lemmy.ca 6 points 1 month ago

I think my point isn’t being well taken, or perhaps I phrased it incorrectly. I certainly agree with the sentiment that wealth disparity is maybe the biggest problem we face.

The vast vast vast majority of the wealth of the uber wealthy come from the assets they own. If they can be said to “make” money over the course of the year, it’s as a result of those assets increasing in value and not directly tied to the “work” they put in.

My problem with these comparisons are two-fold. One, they usually conflate an individuals net worth with income. If Elon has 365 billion dollars, he doesn’t “make” 1 billion per day. Two, phrasing it as “making” “per hour” implies their income is tied to the hours they work, and that’s just not true. It puts value on their labor I think isn’t justified.

[-] moriquende@lemmy.world 3 points 1 month ago

it's a good approximate. the reason their wealth score increases is because there is more wealth in the world being generated to go around. Disproportionately, it's landing on their already obscene pile, instead of being fairly distributed. And fairly doesn't necessarily mean everyone gets the same, but everyone actually profits from it.

load more comments (1 replies)
[-] Jakeroxs@sh.itjust.works 4 points 1 month ago

And the Walton family sponsored the no kings protest!

[-] jjjalljs@ttrpg.network 5 points 1 month ago

That's a somewhat misleading summary

https://www.snopes.com/fact-check/trump-walmart-heiress-nyt-protest-ad/

While Walton inherited a 1.9% stake in Walmart following her husband's 2005 death, according to Forbes, a spokesperson for Walmart told Snopes via email that Walton has no involvement in the business.

load more comments (11 replies)
[-] K1nsey6@lemmy.world 3 points 1 month ago

All those 'protests' are coordinated by the oligarchy as pressure release values because they know the public is at a tipping point for rejecting both right wing parties and their policies, preventing organic protests from rising and creating a threat to their existence. They allow voters to blow some steam while giving the illusion they are participating in democracy.

[-] Soggy@lemmy.world 3 points 1 month ago

"All civil unrest is actually corporate psyops" is certainly a take.

[-] K1nsey6@lemmy.world 2 points 1 month ago

If that's what you took out of my comment, you need to reevaluate it. Need. He's no King protests are neutering actual protest

[-] Hothorchata@lemmy.zip 3 points 1 month ago

They unironically live in NWA and refuse to acknowledge the humor. They’re not human.

[-] DJDarren@sopuli.xyz 2 points 1 month ago

This reminds me of a government scheme some ten years ago or so. Workfair it was called, or something.

In short, someone claiming job seekers allowance would be required to work something like 10 hours a week for a company such as Tesco, or Poundland in order to be eligible for their welfare payments. On the face of it, fair enough. The person gets some work experience and the possibility of being hired.

Except all it really did was provide free labour to companies whose profits were in the billions. And that labour was paid by the tax payer.

And no one in the government at the time either saw how bad that might look, or more likely, cared.

I still think about that.

[-] Shardikprime@lemmy.world 2 points 1 month ago

Seems to work for the Walmart guys

load more comments
view more: next ›
this post was submitted on 29 Jun 2025
1037 points (100.0% liked)

Late Stage Capitalism

2012 readers
22 users here now

A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

RULES:

1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.

6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc.

founded 10 months ago
MODERATORS