Trickle Down Effect

richforever (59)in #life • 7 years ago (edited)

hello guys I came across this lovely article when i was surfing the internet earlier today from the famous US president and Robert Kiyosaki.

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And here it goes:

One monetary speculation encourages tax laws that favor the rich - the idea being, if the rich had more money, they would invest it, thus creating more jobs. Money would trickle down to the poor and middle class. This theory is sometimes called the "trickle-down effect." While it sounds good in theory, and while some money does trickle down, the net result is the money stays in the hands of the rich.

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Mostly, asset prices increase because the rich have more money. Why do asset prices increase? Asset prices increase because that is what the rich buy with their money - assets, which is one of the reasons why they are rich. When asset prices increase, it makes assets more expensive, out of the reach of the poor and the middle class.
Take a look at the price of real estate for instance. Ask anyone who has not yet bought a house if they think it is easy to afford the house of their dreams today. It's hard to buy a house with money that is only trickling down.

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Instead of getting better, things are going from bad to worse - simply because we are not tackling our financial problems, we are only pushing them forward for the next generation to handle.

THINK RICH! BE RICH!! RICHFOREVER!!!

Image was taken from pixabay.com

Disclaimer: buzzfeed.com

#money

7 years ago in #life by richforever (59)

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minnowpond (62) 7 years ago

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Trickle Down Effect

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