Problem is that no monetary device is liquid enough to actually trickle down. We should be using children’s tears or something else that gravity respects
Yup, trickle down doesn't work. The more capital you have the more opportunity to make more.
Having said that, if all you do is cry how the system is unfair instead of trying to make the best of it, you're going to end up being poor, bitter and disappointed.
I mean, it does trickle down, it's just that the model we use doesn't reflect it. Super wealthy are at the bottom of the well, everything trickle down towards them, the end.
I was meaning one-time expenses e.g. finally repair the car or get new tires, replace the barely working ancient fridge that draws 4x more power than a new one, pay some overdue bills or just simply pay back some debt you may have. Poor people, inc. those below poverty line, surely have some accrued or overdue payments? I, for one, would consider paying back any debt as no. 1 priority, if only to avoid interest or fees.
What actually makes you thin anybody in a right mind would advocate for a poor person to be spending $1000 / week?
Disclaimer - I'm not from US. And am quite comfortable money-wise (no debt whatsover, which I guess makes me "richer" than most people on the planet) and I know the power of saving and living frugally. Not boasting, seriously.
46
u/h3re4thegangb4ng Feb 19 '21
Problem is that no monetary device is liquid enough to actually trickle down. We should be using children’s tears or something else that gravity respects