In a simplified manner, yes, it works. Put money towards something and they hire workers to produce it and they buy homes and shop in neighbourhoods and create more work and it 'trickles down' from the initial investment. It doesnt work in practice because people are greedy and its easier to tell the politician you will give them several hundred thousand in speaking fees and a million dollar book deal if they give them several billion with no oversight and the politician signs ont he dotted line.
“Trickledown” is the lefty strawman version of Supply Side economics. They twisted “invest money to produce things faster / cheaper will grow the economy” into “give money to rich people to spend on yachts to will the economy”.
What's going to stop wealthy Canadians from investing their money into foreign assets or the housing bubble? Just simply lowering taxes isn't going to lead to more domestic job creation and more housing supply. The value of homes are increasingly far more than the actual supply of housing because the government refuses to open up the green belt and we keep importing shit loads of immigrants. If you go on Google maps and zoom out from the concrete jungles of Toronto, Peel, Halton, York, Durham, you will find a ton of green.
Here is an example of how trickle down economics is bullshit. Let's say you want to invest in bitcoin. Most of your money ends up in the hands of CCP Chink miners. China has cheap electricity. Miners use their comptuers and electricity to mine crypto-currencies. They sell these crypto-currencies for money. And then eventually ends up selling you those crypto-currencies that were mined by CCP Chinks.
In a simplified manner, yes, it works. Put money towards something and they hire workers to produce it and they buy homes and shop in neighbourhoods and create more work and it 'trickles down' from the initial investment. It doesnt work in practice because people are greedy and its easier to tell the politician you will give them several hundred thousand in speaking fees and a million dollar book deal if they give them several billion with no oversight and the politician signs ont he dotted line.
“Trickledown” is the lefty strawman version of Supply Side economics. They twisted “invest money to produce things faster / cheaper will grow the economy” into “give money to rich people to spend on yachts to will the economy”.
What's going to stop wealthy Canadians from investing their money into foreign assets or the housing bubble? Just simply lowering taxes isn't going to lead to more domestic job creation and more housing supply. The value of homes are increasingly far more than the actual supply of housing because the government refuses to open up the green belt and we keep importing shit loads of immigrants. If you go on Google maps and zoom out from the concrete jungles of Toronto, Peel, Halton, York, Durham, you will find a ton of green.
Here is an example of how trickle down economics is bullshit. Let's say you want to invest in bitcoin. Most of your money ends up in the hands of CCP Chink miners. China has cheap electricity. Miners use their comptuers and electricity to mine crypto-currencies. They sell these crypto-currencies for money. And then eventually ends up selling you those crypto-currencies that were mined by CCP Chinks.