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#voodooeconomics

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Continued thread

A similar pro-Musk surge in #Crypto currencies.

And #Dow surged as well.

You can tell who expects to benefit most from Trump. Not us.

So why did so many who won't benefit from these promised Trump policies #vote for him?

Well, I guess they expect those benefits to #TrickleDown to them.

But here's the thing: we already proved frmr Republican POTUS Geo. H. W. Bush was right when he called "#TrickleDown" economic theory "#VooDooEconomics."

Don't hold your breath.

Replied in thread

@kingkaufman '"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch.'

Right, of course. Other than a handful of true believers, most of us knew that back then. Trickle-down "economic analysis" was just a fig leaf for conservative politicians to funnel money into the pockets of their patrons. Even George Bush Sr called it what it is back in 1980.

Ok last Costco toot for the day. Stoked to see an OG IPA Windows Up get added to the mountain pack at Costco. Getting so close to having an ideal medley. I understand economics and free markets, but not being able to drive 20 mins up the grade to the Alpine tasting room and comfortable outdoor space is irreplaceable but happy for the memories created with the brewers themselves who would be drinking with us as they poured pints