Ahh, the good old trickle-down, aka "piss in my eyes and tell me it's raining" (which is the only way trickle-down actually works).
It was pure mythology from the start; there's never been any basis for it to begin with. It's a pity we even have to debunk it like that.
Go figure, give a million hungry people $20 each, and see $20M return to the economy the next day as they spend it on food.
Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial product they bought forever as long as it appreciates faster than inflation.
Oh, and they'll spend $200 on a fancy dinner.
Cue Pikachu face when the economy doesn't improve.
It was pure mythology from the start; there's never been any basis for it to begin with. It's a pity we even have to debunk it like that.
Go figure, give a million hungry people $20 each, and see $20M return to the economy the next day as they spend it on food.
Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial product they bought forever as long as it appreciates faster than inflation.
Oh, and they'll spend $200 on a fancy dinner.
Cue Pikachu face when the economy doesn't improve.