RE: Trickle Up Economics
That chart defines poverty as living with either $1-$2 per day. Is this the new standard for poverty...sounds like this figure came straight out of an Orwell novel or something.
And there is no evidence that wealth actually trickles down. In fact, everything has shown that "trickle-up" is what happens in reality. Look at You even agreed with me in your first sentence...right? These people are for the most part not reinvesting in the welfare or actual prosperity for the masses.
Look at the largest corporations and how they pay the majority of their workers, both in the USA and oversees.
I'm fine with "free-market" whatever, but what you described doesn't actually happen in reality. It's a nice dream and vision to be fed, but guess who are the ones feeding it to us...that's right, the elites who are laughing their way to the bank with all of our money and paying shit wages to the majority of workers.
It's crazy how they convince people that their are public benefactors. Trickle down economics has been proven to be bullshit over and over again...
It's also crazy how people are convinced that neoliberal, fascist corporate takeover and control is "free-market" anything. And then they call people "Marxists" for pointing that shit out.
Is creating jobs not investing in public welfare? And yes, the neoliberal entanglement between financial and political elites does not comply to with free-market principles (aka capitalism). This is called cronyism and should be frowned upon.
Creating jobs CAN be investing in public welfare, but not creating minimum-wage jobs (say in the USA), poverty wages and slave labor oversees, or dumping pollutants into the environment.
Walmart, the largest employer in the United States, does not provide a livable wage, which ends up costing taxpayers $6.2B in government assistance that they needed.
https://theintercept.com/2017/06/13/theres-a-new-way-to-make-walmart-pay-for-the-food-stamps-employees-rely-on/
We subsidize shit wages, while corporations make Billions off exploiting their workers. Anyone who works 40 hours a week should make a live-able wage. And there are too many shit-paying jobs and not enough jobs that people can support their families on.