Dnarever wrote on Jul 17
th, 2026 at 10:26pm:
When you look at trickle down it was implimented by governments - they didn't have to.
Governments do what the
dominant economic school tells them to do; eg, Keynesianism (1946 - 1970s) was displaced by Neoclassicism (1980s to the present).
Quote:Do you know the Liberals have opposed almost every cost of living increase in over 50 years ?
??
Everyone opposes cost of living increases, especially when mean wages are stagnant.
Quote:Wonder why wages have been stagnant over the same period ?
The Thatcher/Reagan 'free-market' ideology destroyed unions' abilities to fight for higher wages.
Quote:Government can reduce work hours but in reality they really didn't. etc. As you said they don't tax the wealthy. Every year many of the most profitable companies pay zero tax. Governments not only do not act on this but they go out of their way to allow additional reductions and tax work arounds. They don't act to make it better they act to make it worse and it isn't an accident.
Yes; but you persist in blaming governments when economists, ie post-Keynesian, Neoclassical economists, are responsible for bad government policies such as privatization and lower government spending.
[Keynesian deficit spending economics was swept aside by the Arab oil embargos in the 70s embargos which destroyed the cost structure in the West and led to 'stagflation'. But Neoclassical economics which displaced Keynesianism has its own contradictions, which the world is facing now in a c-o-l crisis].
Quote:The fact that (technological advancements would increase productivity)
did happen is well documented and undeniable
Yes, both Keynes I and eveyone agrees with you....and Musk rekons it won't be long before work is optional (due to the productivty advances of the coming AI revolution).
Quote:where the money went is also well documented and well known.
The money went from workers to capitalists (as union power was smashed, beginning with Thatcher), and government spending was constrained from raising taxes - "other people's money" according to Thatcher - required to deliver essential public services; hence the run down of public services we see today (public housing, free uni etc)
Quote:Where it didn't go is the same.
Addressed above.
Quote:It is a fact that overall wages have been stagnant for over 50 years. This has been driven by government for the benifit of those who donate to them.
Rich capitalists, aided by Neoclassical free-market orthodoxy, fight unions and lobby/donate to government.
Quote:This is how so few aere allowed to take so much and how so many were left behind. The corrupt relationship between the most wealthy and Governments world wide. In most countries the donors own the political parties on both sides.
Yes, except centre-Left parties are now wedded to the same Neoclassical orthodoxy as centre Right parties, and the electorate is saying 'a pox on both parties'....
You still haven't answered the question: failing authorization of Treasury to issue
fiat money to fund government (google it), how much do you want to tax the wealthy?
Gary Stevenson (youtube) admits his proposal for a 2% tax increase on the very wealthy won't be sufficient to reverse increasing extreme inequality.
And nations haven't worked out (or agreed) how to stop the very wealthy from shifting their wealth to overseas tax shelters, despite Thomas Picketty's work on the subject (google it).