Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️
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@codinghorror how much of that is their donation to their own organization?
@codinghorror If you have a million and give a million people $1 each, 100% of it is spent. If you give a thousand people $1000 each, probably most if not all of it is spent. If you give one person all of the money, they’ll most likely spent some of it and either save or invest the rest in shares or some other unproductive hoarding. Even more so if the person already has more money than they could ever spend.
So, even for purely economic reasons, giving to those in need is the way to go.
@codinghorror Trickle down hasn’t worked since Ancient Rome and beyond. I’m not sure why people still believe it ever worked today.
@codinghorror
Which way is up? The people on your list are some of the lowest of the low.
@codinghorror "Trickle down" is sharecropping grown up. If the Big Man gets richer, maybe he'll put indoor plumbing in the shacks.
@codinghorror They talk about "trickle-down", by me "bubble-up" is more realistic.
Turns out people who know struggle are far, far more generous than the rich. Plus MacKenzie Scott out there showing everyone else how it should be done. If I had billions, believe me, our family would have deployed half of it already, as we already did: https://blog.codinghorror.com/launching-the-rural-guaranteed-minimum-income-initiative/
@codinghorror Reminds me of an answer I once saw to the question “What would you don’t you suddenly had a billion dollars?” Somebody very smart said “I’d give most of it to Dolly Parton. She’d know what to do with it way better than anything I could think up on my own.”
@codinghorror I used to watch Telethons like Children in Need and Red Nose Day and feel really good about about the £40 million or so raised. Now I realise how insignificant that is when there are people who could really make a difference, without even noticing, but don't. The 7 year old saving their pocket money has more humanity.