commented on Trickle-Down Economics: Four Reasons Why It Just Doesn't Work
2020-03-24 19:53:06 -0400
Let’s try a different hypothesis, let’s try the “Trickle Up Hypothesis” as I recommended before.
To describe this experiment to see if it works we give money to those who actually need the money to buy things they need and/or want but don’t have enough money to buy.
What do we think will happen when these people have more money? I think the money has a far higher probability of being spent because it’s now in the hands of people who need and want to spend it. They will buy product which then helps all the companies in the supply chain and then the manufacturers will perhaps have to make more product and maybe hire more workers. If they have to hire more workers there will then be more people with money to spend.