Comments by "Mat Broomfield" (@matbroomfield) on "Bill Ackman: Donald Trump will be good for US economy - BBC News" video.

  1. Disgusting piece of propaganda. Business and the American public are two separate things. Why would people care what helps the top 1% at the cost of the other 99?
    3
  2. The interests of business are clearly not the interests of the public. Business seeks profit. The public seeks flourishing. They are not remotely convergent objectives.
    2
  3. "When businesses can increase profit margins and reduce costs we benefit from increased employment, higher wages, and cheaper goods and services." Nonsense. You are basically regurgitationg trickle down economics, a failed policy championed by Reagan and now thoroughly debunked by economists. When businesses make more profity they simply keep more profits or give it to shareholders as dividends. They don't go down to the shop floor and throw it around as pay increases. Proof? Walmart, and Apple, two of the most successful businesses on the planet pay BELOW minimum wage. The wage gap between employers and employees are at historically high levels. Productivity is at 25 year highs, working hours are longer, yet pay in real terms is significantly lower even as the cost of living rises. That said, I will grant you that zero spending on the high street or online can lead to recessions, so there is a certain level of connection between consumers and businesses, but it is not the synergistic relationship you portray; it is almost wholly predatory. Moreover, most UK manufacturing occurs overseas, and businesses are lower tax payers than the public.
    1
  4. "Wealth does not trickle down from the rich to the poor. Period. That's the latest conclusion of new research from the International Monetary Fund. In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits. The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years. This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries." I could list dozens of such articles but your facile condecension has already showed that you are not interested in the truth.
    1