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lmao

Came in to make the same stupid joke. Love to see I've been beaten to it.

It was ruled in court to be illegal in 1919 in the Dodge vs Ford lawsuit.

At the time, Ford himself wanted to: "My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the business."

But shareholders (both Dodge brothers of the Dodge car company) sued against this and in the end the judge declared that: "A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end and does not extend to a change in the end itself, to the reduction of profits or to the nondistribution of profits among stockholders in order to devote them to other purposes."

Basically, if you attempted trickle down economics, you'd be "stealing" from the shareholders. Extra money is to be given to shareholders as dividends, not for boosting the pay of your employees if it doesn't involve adding more profits to the bottom line.

https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

If America paid attention to its own history Reagan would be remembered as the worst president

I'm planning to leave tbh

Actually, we thought it would take 1,000,000,000,010 years but it only took 10.

The debt didn't reach $37 just a trillion years early?

think 2008 crisis, but worst. because everything was getting cut. when obama came in the military was downsizing as well, until TRUMP came into power for the first time.

Austerity. Eventually.

Debt doesn't matter, especially in the usa.

They aren't actually borrowing from anybody, the debt is to themselves. It basically just means the US Federal Government spends more than it collects every year since POTUS Clinton was in charge.

They do set an upper limit to the debt / annual deficit and if they fail to resolve it by raising the limit then the federal government goes into shutdown: no new laws passed, no federal employees get paid, etc. But they pretty much always raise the limit. The last time the limit was raised it was a bipartisan push to keep the government running, during which the DNC members who joined with the Republicans received a lot of criticism for doing what the Republicans wanted, but TBH I don't really think things would have been much better off if the government had shut down again.

Next time, though, it's become clear that the Senate will keep stripping rights and not allow a single bit of progress to be made no matter how far into fascism this nation falls, so definitely should shut down.

History repeats itself indeed, it's sounding more and more like the pre revolution France, a tone deaf dictator, cooking the books because the numbers weren't so good, the poor suffering more and more etc etc