/biz/ - Business & Finance

idk, let's find out
I know next to nothing about economics

explain trickle down

>>14589383
with a leftist roastie

>>14589383
You know he doesn’t know basic economics but you want to discuss it and try to teach it to him over the internet. Let me guess, you think he’s the idiot here

>>14589391

>rich guy moves in next to you
>upgrades his house
>your house is now worth more because the neighbor's house is nicer

bam, golden shower

>>14589383
debating with someone who knows basic concepts but uses them to reach unreasonable conclusions or only understands them superficially can be just as cringe

>>14589445

wow so that must be why you guys love being shitting on like some scat porn, it's literal golden shit, im a trickle down marine now

>>14589445
Why would he move next to you and not into an already nice neighborhood?
And if you got rich why would you upgrade your house in your shitty neighborhood and not just move to an already nice one?

>>14589383
debating with someone you speaks purely in 'isms'

Buy high sell low what more you want

>>14589408
da gubaman takes your money and gives it to rasty and her black bf.
she knows it first hand and better than you.

>>14589539
Idk maybe it was a good deal

>>14589571
This trickle down thing sounds like a lie to make the poor people think the rich can help them indirectly.

>>14589626
That’s the main counter argument

>>14589495
Came here to post this

>dude economics lmao
Name a time they were right about something.

>>14589626

More like everyone wants to get as far as possible from dangerous people which usually are poor and twisted so the best way to do it is to accumulate wealth and gtfo

btw economics is like TA, it's used by people to make certain sentiments and move society towards certain goals, it's not predictive, it's actually manipulative

>>14589685
So then trickle down is false?

>>14589775
Yes, total nonsense made for benefiting the rich and make wagecucks even poorer.

>>14589383
STORY TIME OP
you share first, I've got one too

>>14589383
>>14589408
I have a degree in economics from Harvard and I'm a Marxist. Ask me anything.

>>14589539
>Why would he move next to you and not into an already nice neighborhood
Because he can profit more by buying low and selling high once the neighbourhood is gentrified?

Economics is just another word for what the current managerial class finds politically expedient.

>>14589924
>I have a degree in economics from Harvard and I'm a Marxist
Could have just said you went to Harvard and the rest would be a given

>Debating guy on subject
>Comes apparent quickly that he knows absolutely nothing about subject
>But still has extremely strong opinions on the subject he knows nothing about

>>14589924
This Could be bait but Harvard isn’t what it used to be

>>14589924
okay...
why are you a marxist...

>>14589924
so you're also jewish? based.

t.econjewbro

>>14589383
>>14589383
Debating with Bernouts and Warren supporters who think you can just randomly impose these huge taxes on things without changing the underlying incentives and economics is pretty frustrating.

Retarded Bernie Sanders supporters think a 0.5% financial transaction tax would have negligible impact on the markets. Or they think the stock market has no effect on average people.

I truly think you have to be retarded to support him.

>>14589924
Post timestamped degree LARPing retard

>>14590063
The working class and the employing class have nothing in common. There can be no peace so long as hunger and want are found among millions of the working people and the few, who make up the employing class, have all the good things of life.

>>14590096
No, Indian.

>>14589445
On a slightly larger scale this is actually true though. If you somehow held onto a previously cheap home and wealthy people settled in around you, your home value would go up.

>>14589924
>my dad works for Nintendo, I'm $75,000 in debt and I'm a retard ama

lol

>>14589495
they call it gentrification

>>14589430
based

>>14589924
Universities are worthless. They're a 20th century boomer meme.

>>14590140
Post timestamped degree fucktard.

People who pass up FREE MONEY.

Get Pi Network at minepi.com and mine on your phone/tablet.

Use code "midnightcoal" to join my circle and earn extra mining rewards.

Don't miss out on this one!

>>14589924
>Has a degree in econ from harvard
>Is a marxist

Why did you repeat yourself. Also, if you respected yourself, you would have gotten a real econ degree, like one from Chicago.

>>14590123
>>14590191
My diploma is somewhere in my storeroom. Here's my student ID.

>>14590152
I am exactly $5,500 in debt.

>>14590218
Chicago is a miserable place.

>>14590264
>discord
>bookmark for Canada immigration
Fuck off discord tranny we're full

>>14590264
>Using windows in 2019

>>14590140
>Has a meme degree
>Can't write basic English
Checks out

>>14590140

>The working class and the employing class have nothing in common

Both wanna make tons of money and pay as little as possible for things. There is no such thing as "employers" and "workers" this isnt a rpg anyone can be those things

>>14590264
Oh wow, you deleted your file, but I believe it is too late to pussy out. Warosu.org/biz

>>14590140
No one is eternally doomed to be either an employeer or a worker.

>>14589924
1. Why is Marx's explanation for the "tendency of rate of profit to fall" better than marginalism?
2. How do you explain surplus generated from worker exploitation in: finance, landlording, oil industry

>>14590307
Cerenade is a case management software for immigration attorneys.

>>14590355
The only kind of people who say the phrase 'can't write basic English' are either Asian or illiterate folk. Which type of person are you?

>>14590369
>>14590386
The idea that everyone is either a millionaire or a temporarily embarrassed millionaire is part of what makes stupid people continue to vote against their best interests.

>>14590420
Hierarchies are natural and a function of biology. If you deny this, you deny it at your peril. There is only so far you can raise a retard.

>>14590420

>The idea that everyone is either a millionaire or a temporarily embarrassed millionaire is part of what makes stupid people continue to vote against their best interests.

Lmao, I never said everyone is a to be millionaire I said anyone can be one

>>14589849
fuck off retard, go read economics and then spout your bs
>The phrase “trickle down” often comes up in discussions of tax policies. Historically, tax revenues have in a number of instances gone up when tax rates have been reduced. But any proposal by economists or others to cut tax rates, including reducing the tax rates on higher incomes or on capital gains, can lead to accusations that those making such proposals must believe that benefits should be given to the wealthy in general or to business in particular, in order that these benefits will eventually “trickle down” to the masses of ordinary people. But no recognized economist of any school of thought has ever had any such theory or made any such proposal. It is a straw man. It cannot be found in even the most voluminous and learned histories of economic theories.
>What is sought by those who advocate lower rates of taxation or other reductions of government’s role in the economy is not the transfer of existing wealth to higher income earners or businesses but the creation of additional wealth when businesses are less hampered by government controls or by increasing government appropriation of that additional wealth under steeply progressive taxation laws. Whatever the merits or demerits of this view, this is the argument that is made – and which is not confronted, but evaded, by talk of a non-existent “trickle-down” theory.

https://www.youtube.com/watch?v=VlWCnA7TbNU

>>14590417
>1. Why is Marx's explanation for the "tendency of rate of profit to fall" better than marginalism?
Beats me. I took exactly one political economy class and it sucked ass. I'm really not interested in microecon at all.

>2. How do you explain surplus generated from worker exploitation in: finance, landlording, oil industry
Any 'surplus' generated through worker exploitation is stolen and must be distributed amongst workers relative to the importance of their contribution to the whole. There's nothing in any industry which inherently requires that executives, professionals and managers need to take home the lion's share of profits.

>>14590532
I'm sorry, but I prefer to live in the real world, where I'd rather have everyone satisfied with their lives rather than give a few people the chance to surround themselves with luxury despite producing nothing of value themselves.

Why are people replying to Indians? Don't encourage them.

>>14590679
Marx's claim for the tendency for the rate of profit to fall is key, if you're really an economist you should brush up on that.
Who is the worker being exploited in finance and landlordism? Are you saying that the profits from oil corporations are derived solely from exploitation of rig workers?

>>14590679

>where I'd rather have everyone satisfied with their lives

And people need to be millionaires to be satisfied with their lives? Without a daddy state I assure you everyone would be better off - the things you hate about capitalism actually come from corporatism

Discussing economics online is the new "discussing religion online"

>>14589924
COPE

>>14590190
Unironically this , they have become detached from reality due to state gibs.
Even stem universities are teaching outdated shit in most cases.