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To be fair, no rich persons wealth significantly trickles down
Yeah it feels kinda weird to single him out in a way that insinuates it’s because he’s black…
I think it's more about the fact that he's pretending that he's lifting up the black people of Atlanta when in reality it's the opposite.
Just like with every other billionaire pretending to be a philanthropic force in the world.
This is the first I’ve heard of him “pretending” that he’s lifting up black people of Atlanta. I’ve read the article and didn’t see anything that supports that claim. Where is it coming from?
The article basically says: ‘Tyler Perry bought property in a low income area of Atlanta and it hasn’t single-handedly fixed income inequality. See! Liberals support trickle down economics too!’
This seems like it’s written in bad faith.
Just because you haven't heard about it doesn't mean that it doesn't exist. Two of those links are to his own website that he has to promote himself.
Also, neoliberal or not, Tyler Perry is deeply conservative in many ways, including his focus on self-glorifying private charity over supporting the many public programs and NGOs that are much more effective at alleviating poverty like he's claiming to attempt.
Those are all examples of him donating to charity and helping people which is the opposite of pretending.
And why are you referring to him as a neoliberal? The article mentioned liberals in the American politics context. Which has nothing to do with neoliberalism.
Just because he chose to donate to charity doesn’t mean he ‘chose it over supporting public programs’.
I’ve donated to charity before. Does that mean I am I neoliberal that is deeply conservative etc, etc? Nope. I just wanted to help and if that wasn’t the most effective way to help then I just didn’t know of a better way.
The article mentioned liberals in the American politics context. Which has nothing to do with neoliberalism.
Ok, you clearly don't know what the fuck you're talking about. We're done here.
If that’s true then explain why you think so.
Liberal = neoliberalism. Democrats are neolibs, self identified liberals and most "progressives" are neolibs that don't understand what neoliberalism is. Political conversations at the very least need to come from a mutual understanding of what words mean, and liberal is a pretty important one in the context of this conversation.
Also, philanthropy is a scam. The only thing Tyler Perry is helping is his PR, like every other rich person that "uplifts their community". Its a farce to trick people like you into being more content with the status quo. I will agree that singling out Tyler Perry here is an odd move because he isn't doing anything unique, but that's about it
You’re trying to claim that the article is using the definition of neoliberalism when referring to liberals in American politics? That’s observably false. Just look at the context.
The article tries to spin this as a “gotcha” because those who American Conservatives call “liberals” in American politics campaign against trickle down economics.
Do neoliberals campaign against trickle down economics? Nope.
Reaganomics pushed trickle down economics in the 80s and was neoliberal to the core.
American Conservative’s use of “Liberal” ≠ neoliberalism
I commented earlier, having only skimmed the article. What I said was incorrect so I deleted the comment. The article is literally about the hypocrisy of Democrats in regards to trickle down economics. They say they're against neoliberalism, yet give wealthy individuals sweetheart deals, allow then to exploit tax loopholes and divert public funds into 0rivaye enterprises. These are all features of trickle down economics which are present in Tyler Perry's actions in Atlanta, a Democrat run city.
The journalist's use of liberal is correct and they're highlighting examples of neoliberal ideology in the Democrat party. Despite the rhetoric of the Democrat party, their actions smack of neoliberalism. Outside of the handful of social democrats present in the Democrat party, who is campaigning against trickle down economics? Where have they been successful/made an earnest attempt?
American conservatives are fascists. Words mean nothing to them and it's a very common tactic to obfuscate the definitions of common terms to serve their own purposes. Why should anyone use their definitions or consider their perspective? They constantly change both of those to fit their needs in the moment.
Again, the article isn't using the conservative "definition" of liberal, it's using the actual definition of liberal. If anything you seem to be applying the conservative definition of liberal to the article and the obvious conflict of that is leading you to confusion
You’re trying to pretend that the deals city officials make to bring in business that leads to more jobs and revenue is the same as tax cuts for the rich that conservatives campaign for.
Those two things aren’t the same and this is an obvious attempt to portray it that way to claim both sides are the same.
Seeing as the most wealthy people in this country have the majority of their wealth tied up in their businesses, and their businesses have an obligation to enrich their shareholders, of which they are usually majority stakeholders; getting tax cuts not only on their business, but on their personal wealth as well, yeah they're the same. They're siphoning money out of their business to line their pockets, all while getting tax breaks and subsidies from the government.
They get tax cuts, they provide low paying, low quality jobs, funnel as much of the revenue to the top as they can (while doing everything they can to avoid paying taxes in the process) all while driving out local businesses, extracting wealth from these communities in exchange for "jobs" (as few as possible at that). It may not be called trickle down economics, but the thought process and material effects of it on individuals and communities are identical.
Big corps don't need tax cuts, they don't need subsidies, they don't provide good wages, they're a parasite. Democrats giving deals to big businesses is very much the same as tax cuts to billionaires, because it is quite literally tax cuts to billionaires. They are the same. Get your head out of your ass and realize that the only thing the Democratic party gives a shit about is staying in power.
All of their "left-leaning" pandering is insincere propaganda meant to keep you voting blue because "were gonna do something about the fascists this time, pinky promise!" Pull your head out of your ass, read a book or two, and get active. Joe isn't going to save you, the system is incapable of saving you, no one in the government with any power to change your material conditions is going to. Our government is by the wealthy, for the wealthy. And you're not wealthy.
Do neoliberals campaign against trickle down economics? Nope.
Yes, they do. Obama, both Clintons, and to a lesser extent Biden are all at least predominantly driven by neoliberal ideology.
The caricature of neoliberalism as an unchanging belief brought forth immaculately by Regan and Thatcher is what they don't align with.
Real neoliberalism, in actual practice, prefers market solutions with the government working to address externalities in the system.
It's basically what broad-spectrum liberals and progressives across the board want, which is why socialists demonize it so much.
Is it just the opposite? Is he actively hindering the black people of Atlanta? Is he doing something differently than all the other wealthy people in GA? If not then I don't see why he alone is called out here.
Well he famously sued the IRS and got $9m out of that. Pretty sure lots of public programs needed those 9 millions more than a guy who already have more than a thousand millions.
All obscenely wealthy people are contributing to poverty through pathological hoarding of resources best used elsewhere. Other people doing it too doesn't absolve Perry from his complicity.
As for why he's being singled out, it's probably because every other time he's mentioned, the press fawns over his charity and he's constantly promoting it himself. Even got at least one award for it.
I don't have any details about him suing the IRS but I do know that you don't win a lawsuit against the IRS without a strong case so he probably had a strong case. If they overcharged him $9,000,000 in taxes or something then he shouldn't have to pay it just like the rest of us shouldn't have to overpay our taxes. I'm sure the Pentagon could have found plenty of ways to vanish that money but they seem to be doing just fine without it.
All obscenely wealthy people are contributing to poverty through pathological hoarding of resources best used elsewhere.
This isn't how wealth works. Rich people don't have Scrooge McDuck vaults, because then they'd get poorer every day
I've never claimed anything of the kind. Still, that more and more of the world's income and wealth are concentrated with just a few rich people while the rest gets poorer and poorer is a fact so well-known that you'd have to be wilfully ignorant to not be aware of it.
I’ve never claimed anything of the kind.
Still, that more and more of the world’s income and wealth are concentrated with just a few rich people
This is you making that claim.
No. Back when all wealth was physically represented like the caricature your strawman is claiming, wealth and income concentration and inequality was much less severe than it is now. That you can't differentiate between the hoard of Smaug and the hoard of Musk isn't my fault.
That you can’t differentiate between the hoard of Smaug and the hoard of Musk isn’t my fault.
This isn't how wealth works, so I'm pretty good at differentiating between them.
Did you mean to say "if I can't see the similarities between them?" You'd still be just as incorrect, factually, but the sentence would make more sense.
What I'm saying is that it doesn't have to be physical hoarding to be hoarding and detrimental to the rest of society.
For example, wealth that stays with the bottom 90% wealth-wise circulate throughout society, benefiting everyone.
Conversely, once it reaches the 10% wealthiest people, the vast majority goes towards nothing but accumulation of more wealth for the top 10%, effectively removing it from the larger economy and thus making the 90% poorer.
Conversely, once it reaches the 10% wealthiest people, the vast majority goes towards nothing but accumulation of more wealth for the top 10%
How?
Through investment. Meaning it is back circulating.
No. The top 10% aren't giving money to help mom and pop businesses, they are buying stocks, the vast majority of which they own , removing that wealth from the larger economy, as I was saying.
That's, by definition, not removing wealth from the economy.
What if I told you that you could support taxing wealthy people more and know how basic facts of the economy work.
Personally I'm for dramatic progressive tax increases on the top 3 quintiles. That doesn't change basic facts.
That's, by definition, not removing wealth from the economy.
It is when there's such a disconnect that there's two economies: the one of most of society, in which money circulates and then most of it rises to the second one, the one of the top 10% where almost none of it finds its way down.
It's kinda like a 16 lane highway going one direction and an overgrown footpath with bear traps in the other direction.
What if I told you that you could support taxing wealthy people more and know how basic facts of the economy work.
With you on the first part, way ahead of you on the other.
To quote a self-aware billionaire:
I earn about 1,000 times the median American annually, but I don’t buy thousands of times more stuff. My family purchased three cars over the past few years, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men. I bought two pairs of the fancy wool pants I am wearing as I write, what my partner Mike calls my “manager pants.” I guess I could have bought 1,000 pairs. But why would I? Instead, I sock my extra money away in savings, where it doesn’t do the country much good.
Well I guess not everyone is good with money, but this is hardly an exception that invalidates anything.
He's not an exception, you utter buffoon, he's the rule! 🤦
One of these days I'm gonna learn to just leave it alone when I see your username or just block your Dunning Kruger poster boy ass. This is somewhere between the 3rd and 5th argument we've had in the last 5 or so months and you've been arrogantly obtuse every single time 😮💨
Go nuts man
I think the text tries to make the point that it doesn't work not because but despite him being black. The argument Perry and others make in this case is not one in the form of material benefits but rather moral ones. A member of a marginalized group makes it big, which is supposed to inspire others from this group. The point is that this form of trickle down economics works just as badly as the "regular" one, which is hardly at all.
It doesn't work because, as pointed out by another commenter, wealth does not "trickle down". It only accumulates. This has been demonstrated to be a basic function of wealth and the minute you begin to think about it, it becomes obvious that having more resources makes it easier to gather more resources.
It trickles down to politicians and judges, but that's about it.
That's just a temporary downward infusion to lubricate the mechanisms sending money back up.
This article is awful for 3 reasons. Unfortunately each reason is one of the main hot takes the article tries and there is nothing redeeming otherwise - so maybe four reasons if you wanna get meta
1: Tyler Perry being decently-successful in media does not mean he owes people anything. More to the point, it is impossible to quantify what one person's success means to another. Even if they announce it at a speech, you've got no way to show a casual pattern.
2: It lumps in every tax break but completely ignores the localized benefits of those tax breaks. Georgia offers tax breaks to films because it makes them money.
The industry in Georgia was boosted substantially by tax incentives introduced in 2002 and strengthened in 2008. Just in the fiscal year 2017 film and TV production had an economic impact in Georgia of $9.5 billion, while industry sources claim that the tax subsidy costs the state $141 million (2010). (Wikipedia)
3: Perry, per the article's own admission, is giving substantially to the community in terms of pure charity
Perry earned plenty of glowing national headlines earlier this year for his philanthropy in donating $750,000 to help low-income seniors in Atlanta as property taxes increased.
Doesn't really make sense to paint him as the bad guy here by any of the angles the article tries to take.
I don't even care for Perry much, but this article is just misleading crap.
If Jacobin stopped publishing misleading crap they wouldn't have any articles to print in the first place.
I stopped reading when the bullshit got this strong:
The irony is that these liberals, in addition to a weak commitment to hiking taxes on the rich, have their own version of the theory.
I feel like these people ask themselves at every slight annoyance "How could I blame his on liberals?". They're the types who'd criticize people making $75k a year for their wealth.
Right? It's pretty braindead to generalize "liberals" like this. Like yeah if I had ever heard of this before this article my reaction would not have been "oh that's great! Go black capitalism!!!"
I'm looking forward to the future film he'll be making about himself and this incident: Tyler Perry's Tyler Perry, a Tyler Perry Film.
So much potential. Tyler Perry's Tyler Perry 2: Electric Tyler Perry: 2 Tyler 2 Perry.
this post was submitted on 05 Dec 2023
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