The Difference Between Trickle Up Economics And Trickle Down Economics, Why Trickle Down Economics Does Not Work And Leads To Chronic Poverty, And How To Create A Trickle Up Economy That Benefits Everyone And Raises The Standard Of Living

The Difference Between Trickle Up Economics And Trickle Down Economics, Why Trickle Down Economics Does Not Work And Leads To Chronic Poverty, And How To Create A Trickle Up Economy That Benefits Everyone And Raises The Standard Of Living PDF

Author: Dr Harrison Sachs

Publisher:

Published: 2020-02-12

Total Pages: 140

ISBN-13:

DOWNLOAD EBOOK →

This essay sheds light on the difference between trickle up economics and trickle down economics, demystifies why trickle down economics does not work and leads to chronic poverty, and elucidates how to create a trickle up economy that benefits everyone and raises the standard of living. Additionally, why corporations will never concede to paying a livable wage to their human employees is explicated, why human employees are extinct and why humans have become outdated horses in the age of automation, and why employee jobs are so brutally dreadful and lead to wage slavery and extreme poverty is revealed in this essay. Moreover, and how to generate extreme wealth online on social media platforms by prolifically creating ample lucrative income generating assets is elaborated upon and the utmost best income generating assets to profusely produce in order to generate extreme wealth online are identified in this essay. Furthermore, how to become an exceptionally successful influencer online on social media platforms in the digital era is meticulously expounded upon, the litany of benefits of becoming a successful influencer online and attaining extreme fame leverage are revealed, and how to earn substantial money online so that you afford to inexplicably enrich every facet of your life is demystified in this essay. The difference between trickle up economics and trickle down economics is not only ineffably vast, but it is able to shed light on the utmost consequential reason as to why one nation's economy is prosperous and robust while another nation's economy is stagnant and dull. The system of trickle down economics creates a centralized economy in which wealth is concentrated in the hands of relatively few people whereas the system of trickle up economics creates a robust decentralized economy in which wealth is dispersed into the hands of many. The premise of the system of trickle down economics is that concentrating wealth in the hands of so few people will preponderantly benefit the economy more so than the dispersion of wealth. "Trickle down economics is a theory that claims benefits for the wealthy trickle down to everyone else. Trickle-down economics assumes investors, savers, and company owners are the real drivers of growth. It also assumes that they will use any extra cash from tax cuts to expand businesses. Under this assumption, investors will buy more companies or stocks, banks will increase lending, owners will invest in their operations and hire workers, and all of this expansion will theoretically trickle down to workers. The workers will spend their wages to drive demand and economic growth" (Amadeo, 2019). In reality, a system of trickle down economics does not have such benefits for increasing the standard of living nor for spurring economic growth since corporations view employees as exploitable, expendable labor cost liabilities who are a dime a dozen. Companies will never pay their employees a penny above minimum wage, irrespective of how credentialed they are, even though companies now have market caps exceeding $1,000,000,000,000. One of the underlying principles of trickle down economics is that "targeted tax cuts work better than general ones. It advocates cuts to corporations, capital gains, and savings taxes. It does not promote across-the-board tax cuts. Instead, the tax cuts go to the wealthy and the benefits ostensibly trickle down to everyone else. It is also contended that the tax cuts offered to the wealthy provide a powerful multiplication effect" (Amadeo, 2019). It is posited that "this will create a more prosperous economy and a larger tax base" (Amadeo, 2019) under this system of trickle down economics. Trickle down economics has profusely increased the income disparity and does not increase customer spending since tax cuts for the wealthy does not increase the purchasing power of the average private sector employee who does not even earn a sustenance wage for affording housing.

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality PDF

Author: Ms.Era Dabla-Norris

Publisher: International Monetary Fund

Published: 2015-06-15

Total Pages: 39

ISBN-13: 1513547437

DOWNLOAD EBOOK →

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Poverty in the Philippines

Poverty in the Philippines PDF

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2009-12-01

Total Pages: 188

ISBN-13: 9292547410

DOWNLOAD EBOOK →

Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.

Links Between Growth, Inequality, and Poverty: A Survey

Links Between Growth, Inequality, and Poverty: A Survey PDF

Author: Ms. Valerie Cerra

Publisher: International Monetary Fund

Published: 2021-03-12

Total Pages: 54

ISBN-13: 1513572660

DOWNLOAD EBOOK →

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.

The Fight for $15

The Fight for $15 PDF

Author: David Rolf

Publisher: New Press, The

Published: 2015-04-07

Total Pages: 353

ISBN-13: 1620971143

DOWNLOAD EBOOK →

“Rolf shows that raising the minimum wage to $15 is both just and necessary, lest the American dream of middle class prosperity turn into a nightmare” (David Cay Johnston, Pulitzer Prize–winning journalist). Combining history, economics, and commonsense political wisdom, The Fight for $15 makes a deeply informed case for a national fifteen-dollars-an-hour minimum wage as the only practical solution to reversing America’s decades-long slide toward becoming a low-wage nation. Drawing both on new scholarship and on his extensive practical experiences organizing workers and grappling with inequality across the United States, David Rolf, president of SEIU 775—which waged the successful Seattle campaign for a fifteen dollar minimum wage—offers an accessible explanation of “middle out” economics, an emerging popular economic theory that suggests that the origins of prosperity in capitalist economies lie with workers and consumers, not investors and employers. A blueprint for a different and hopeful American future, The Fight for $15 offers concrete tools, ideas, and inspiration for anyone interested in real change in our lifetimes. “The author’s plainspoken approach and stellar scholarship illuminate in-depth discussions about the deliberate policy decisions that began to decimate the middle class at the start of the 1980s as well as the insidious new ways in which big business continues to attack American workers today via stagnant wages, rampant subcontracting, unpredictable scheduling, and other detrimental practices associated with the so-called ‘share economy.’” —Kirkus Reviews “David Rolf has become the most successful advocate for raising wages in the twenty-first century.” —Andy Stern, senior fellow at Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy

Modern Money Theory

Modern Money Theory PDF

Author: L. Randall Wray

Publisher: Springer

Published: 2015-09-22

Total Pages: 322

ISBN-13: 1137539925

DOWNLOAD EBOOK →

This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

The Globalization Paradox

The Globalization Paradox PDF

Author: Dani Rodrik

Publisher: Oxford University Press

Published: 2011-03-24

Total Pages: 369

ISBN-13: 0199603332

DOWNLOAD EBOOK →

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them?Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given.The heart of Rodrik>'s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

The State of Economic Inclusion Report 2021

The State of Economic Inclusion Report 2021 PDF

Author: Colin Andrews

Publisher:

Published: 2021

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK →

The State of Economic Inclusion Report 2021 sheds light on one of the most intractable challenges faced by development policy makers and practitioners: transforming the economic lives of the world's poorest and most vulnerable people. Economic inclusion programs are a bundle of coordinated, multidimensional interventions that support individuals, households, and communities so they can raise their incomes and build their assets. Programs targeting the extreme poor and vulnerable groups are now under way in 75 countries. This report presents data and evidence from 219 of these programs, which are reaching over 90 million beneficiaries. Governments now lead the scale-up of economic inclusion interventions, often building on preexisting national programs such as safety nets, livelihoods and jobs, and financial inclusion, and 93 percent of the total beneficiaries are covered by government programs. The report offers four important contributions: -- A detailed analysis of the nature of these programs, the people living in extreme poverty and vulnerability whom they support, and the organizational challenges and opportunities inherent in designing and leading them. -- An evidence review of 80 quantitative and qualitative evaluations of economic inclusion programs in 37 countries. -- The first multicountry costing study including both government-led and other economic inclusion programs, indicating that programs show potential for cost efficiencies when integrated into national systems. -- Four detailed case studies featuring programs under way in Bangladesh, India, Peru, and the Sahel, which highlight the programmatic and institutional adaptations required to scale in quite diverse contexts. Data from the report are available on the PEI Data Portal (http://www.peiglobal.org), where users can explore and submit data to build on this baseline.

Lanterna Rally - Theme by Grace Themes