this post was submitted on 06 Jul 2026
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I always felt like that argument doesn't survive critical thought. I think it comes down to the velocity of money. Poor people spend their social welfare dollars nearly immediately on things they need to survive, like food, housing, or medicine, returning it to the economy instantly, to be spent again. Meanwhile billionaires hoard their earnings and it does nobody any more good ever. It certainly doesn't 'trickle down'.