If you are asking this seriously, trickle-down economics is an absurd nonsense theory, there are no examples of it.
Also, money changing hands is not what creates wealth, and those security details would be just an artificially maintained middle-class that can never be large.
[…] trickle-down economics is an absurd nonsense theory […]
Would you mind defining exactly what you mean by “trickle down economics”?
If it had a definition, it wouldn’t be nonsense, would it?
“Trickle down economics” is a rhetoric instrument by which people try to convince the public that taxing poor people and fiscally spending in rich people will increase the poor people’s quality of life.
No. Trickle-down economics is the theory that deregulation and business-friendly laws result in more successful businesses who can pay their employees better. What it forgets is on one side, who are paying for those businesses to get successful, and that businesses in general are interested in low wages above all.
This would be “job creation” at best, with the G4S shareholders getting most of the spend, the actual security guards are underpaid peons like us.
However, it would at least show and remind the leeches every day that they have something to fear.
Also, security details can be great at their job, but a lot of it is theatre, and even a determined lone assailant can get very far. And they only have to win once, the security detail has to win every day.
Trump was almost killed despite the USSS, JFK was also shot way back when. Is G4S better than the USSS?
Granted, I’ve never done security for a billionaire CEO, but I worked security (including personal security) for well over a decade. And I can tell you without a doubt there is no security in security. Nothing we do matters, it’s all entirely for show. Now, at that high level CEO security detail type it may be different, but a security job is basically “be the one who call the popo,” and no one I knew in security, save one jackass, ever considered the job worth a damn to do anything over.
save one jackass, ever considered the job worth a damn to do anything over.
I feel like there’s a Dwight Shrute in every type of job under the sun.
The problem with any deregulation theory is that deregulation does not exist. Especially in a country like US.
In the US, unions are very strictly regulated, but aeroplane manufacturers are pretty much completely unregulated.
We see the results.
Or what exactly do you mean?
That’s a great point! Let’s discuss it!
You see, regulations can be split into two categories: consumer protection and business protection.
Consumer protection policies and regulations protect consumers from business malpractice. For example, here in Europe we have 1-2 years (depending on the country) of warranty for every product sold enshrined in the law. And that’s something unheard of in the US, because communism or something.
On the other hand, business protection regulations protect existing businesses against competition. A good example is software patents: so common in the US, non existent in Europe.
Somehow when lobbyists are brainwashing American public to get more regulations, they’re talking about business protection and when they want to deregulate something they’re talking about removing consumer protections and American public makes the wrong choice every time.
Speaking of planes you can see this in Europe again: no competition regulations for air lines, yet strong consumer protections resulting in loads of air lines popping up all the time.
Worker protection regulations, as enforced by OSHA in the US, are also a target for deregulation by the right.
No, this is effectively the Broken Window Fallacy - a debunked theory where it proposed that breaking windows (or similar) stimulates the economy because it would cause people to buy new windows and pay for the installation. But it doesn’t work like that. It’s just a drain on the local economy.
For clarity, would you mind outlining exactly how what OP proposed is an example of the Broken Window Fallacy?
Instead of broken windows needing replacement, we have broken CEOs needing protection. Causing destruction as a way to “spur the economy” isn’t really a productive thing.
Instead of broken windows needing replacement, we have broken CEOs needing protection.
Hm, but a possible effect, imo, is that this incentivizes those companies to start being more consumer-friendly — perhaps they make a connection that predatory policies are a risk to their safety so, to mitigate that risk, they take more consumer-friendly position. However, I think where that idea may break down and become more like the broken window fallacy is if people get the idea that policies will keep improving if CEO’s keep getting killed — I think that would just make it so that insurance companies are too scared to operate, which would shift the supply curve to the left [1].
References
- “Change in Supply: What Causes a Shift in the Supply Curve?”. Author: “Akhilesh Ganti”. Investopedia. Published: 2023-08-31. Accessed: 2024-12-10T07:12Z. https://www.investopedia.com/terms/c/change_in_supply.asp.
I see it more as the absurdity of capitalism.
We have people starving on the streets, people unable to afford healthcare, yet the jobs the self-proclaimed “efficiency” of capitalism creates, is labour intended to protect the people who caused these problems in the first place, not labour intended to help the people who face these problems.
No. Trickle down economics refers to things that benefit the wealthy (mostly government policies, particularly related to taxes and subsidies) that will allegedly benefit everyone by “trickling down.” Supply-side economics are an example of trickle-down economics. Trickle-down economic policies have been shown to effectively increase income inequality and studies suggest a link between them and reduced overall growth.
Giving the wealthy tax breaks in the hopes that they’ll spend the extra money they have available on security details, on the other hand, would be an example of trickle down economics.
Rich people spending some money is not trickle-down economics.
Trickle down economics is the lie that centralising capital in the hands of the few benefits everyone due to their increased ability to invest their capital.
What happens is they spend a small amount of their fortune in self-serving pursuits (e.g. their security in this scenario) and then they hoard the vast majority of what’s left. The incentive structure of capitalism means a capitalist benefits more from holding capital than distributing it.
The system is broken by design and cannot be fixed without replacing it
What needs to be remembered is both police officers and security details get just as fucked by medical insurance and other corps same as other. Same run arounds we all do. Anyway that is a bit of a non sequitor from me.
And yet, despite being the ones with the power (compared to the rest of us), they still lick the boot.
never know. may not try as hard as necessary on this one.
I read earlier that there are more than 200 detectives working on this.
Whether one sympathizes with this particular crime aside, that is insane. They are openly showing the population that they give hundreds of times the resources to crimes against the wealthy than they do to those against your average everyday individual. And somehow nobody’s focusing on that. How is it okay that you get more than 200 detectives looking for the murderer of some random CEO, while the murder of some random retail worker or office worker would get maybe two detectives with a full case load?
They’re not even pretending to not be corrupt.
yeah I was thinking about how many murders happened in new york since this one and a week before. I hope they are working as hard as those chicago cops hanging in the aldermans office.
There is no such thing as trickle down economics. The key part of that false hood is the trick part.
There is no such thing as trickle down economics.
How exactly are you defining trickle down economics?
Instead of fishing for a debate how about you just go ahead and say whatever it is you’re thinking
Up voted for the dark humor but sincerely it’s Feudalism. A central state nor laws cannot be relied on for order nor process so those with the means purchase or are anointed with safety and power.
“If kings and nobles feel like they need to start paying for large retinues of soldiers, would that be an example of trickle down economics?”
How exactly are you defining “trickle down economics”? It has been my experience that a lot of people use that term differently.
