No, this is effectively the Broken Window Fallacy - a debunked theory where it proposed that breaking windows (or similar) stimulates the economy because it would cause people to buy new windows and pay for the installation. But it doesn’t work like that. It’s just a drain on the local economy.
For clarity, would you mind outlining exactly how what OP proposed is an example of the Broken Window Fallacy?
No. Trickle-down economics is the theory that deregulation and business-friendly laws result in more successful businesses who can pay their employees better. What it forgets is on one side, who are paying for those businesses to get successful, and that businesses in general are interested in low wages above all.
This would be “job creation” at best, with the G4S shareholders getting most of the spend, the actual security guards are underpaid peons like us.
However, it would at least show and remind the leeches every day that they have something to fear.
Also, security details can be great at their job, but a lot of it is theatre, and even a determined lone assailant can get very far. And they only have to win once, the security detail has to win every day.
Trump was almost killed despite the USSS, JFK was also shot way back when. Is G4S better than the USSS?
Granted, I’ve never done security for a billionaire CEO, but I worked security (including personal security) for well over a decade. And I can tell you without a doubt there is no security in security. Nothing we do matters, it’s all entirely for show. Now, at that high level CEO security detail type it may be different, but a security job is basically “be the one who call the popo,” and no one I knew in security, save one jackass, ever considered the job worth a damn to do anything over.
save one jackass, ever considered the job worth a damn to do anything over.
I feel like there’s a Dwight Shrute in every type of job under the sun.
Hang on, recently told the story and I’ll link it.
Edit, well, I was gonna, but apparently Lemmy only saves my comment history back a few days?
If you are asking this seriously, trickle-down economics is an absurd nonsense theory, there are no examples of it.
Also, money changing hands is not what creates wealth, and those security details would be just an artificially maintained middle-class that can never be large.
Trickle down economy is a thing….but only in costs, not in profits.
[…] trickle-down economics is an absurd nonsense theory […]
Would you mind defining exactly what you mean by “trickle down economics”?
No. Trickle down economics refers to things that benefit the wealthy (mostly government policies, particularly related to taxes and subsidies) that will allegedly benefit everyone by “trickling down.” Supply-side economics are an example of trickle-down economics. Trickle-down economic policies have been shown to effectively increase income inequality and studies suggest a link between them and reduced overall growth.
Giving the wealthy tax breaks in the hopes that they’ll spend the extra money they have available on security details, on the other hand, would be an example of trickle down economics.
Trickle down economics refers to things that benefit the wealthy (mostly government policies, particularly related to taxes and subsidies) that will allegedly benefit everyone by “trickling down.”
Addressing specifically the point of taxes (eg lowering taxes on the wealthy), I think it’s important to note the idea of the Laffer Curve.
They’ll pay you peanuts to protect their gold. The only gold trickling down is a shower
I see it more as the absurdity of capitalism.
We have people starving on the streets, people unable to afford healthcare, yet the jobs the self-proclaimed “efficiency” of capitalism creates, is labour intended to protect the people who caused these problems in the first place, not labour intended to help the people who face these problems.
There is no such thing as trickle down economics. The key part of that false hood is the trick part.
There is no such thing as trickle down economics.
How exactly are you defining trickle down economics?
We won’t see trickle down economics unless rich people trickle down piss down their trousers out of fear.
i don’t think it counts as such when the money didn’t go down but sideways.
Just like a piñata, you have to hit it for the candies to fall down
No because 1) that thing doesn’t exist and 2) nothing of value is created out of it.
It’s like paying one team to dig holes during the day, and another to fill them up during the night.
- [Trickle Down Economics] doesn’t exist and 2) nothing of value is created out of it.
How exactly are you defining trickle down economics?
Rich people spending some money is not trickle-down economics.
Trickle down economics is the lie that centralising capital in the hands of the few benefits everyone due to their increased ability to invest their capital.
What happens is they spend a small amount of their fortune in self-serving pursuits (e.g. their security in this scenario) and then they hoard the vast majority of what’s left. The incentive structure of capitalism means a capitalist benefits more from holding capital than distributing it.
The system is broken by design and cannot be fixed without replacing it
What needs to be remembered is both police officers and security details get just as fucked by medical insurance and other corps same as other. Same run arounds we all do. Anyway that is a bit of a non sequitor from me.
And yet, despite being the ones with the power (compared to the rest of us), they still lick the boot.
never know. may not try as hard as necessary on this one.
I read earlier that there are more than 200 detectives working on this.
Whether one sympathizes with this particular crime aside, that is insane. They are openly showing the population that they give hundreds of times the resources to crimes against the wealthy than they do to those against your average everyday individual. And somehow nobody’s focusing on that. How is it okay that you get more than 200 detectives looking for the murderer of some random CEO, while the murder of some random retail worker or office worker would get maybe two detectives with a full case load?
They’re not even pretending to not be corrupt.
yeah I was thinking about how many murders happened in new york since this one and a week before. I hope they are working as hard as those chicago cops hanging in the aldermans office.
How exactly are you defining “trickle down economics”? It has been my experience that a lot of people use that term differently.
