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Most readers are familiar with the notion of the “trickle-down effect.” This caricature is usually employed by left-leaning economists to denounce tax cuts for the entrepreneurial class. Writing for the Washington Post, Christopher Ingraham tells readers that slashing tax rates for the wealthy fails to stimulate employment, though rich people become more affluent. Unfortunately, free market economists often respond by demonstrating that there is a positive link between low tax rates and economic growth.
Article by Lipton Matthews from Mises.
Although their efforts are commendable, such writers are employing the wrong strategy. Instead of showing that tax cuts benefit ordinary people, they should highlight the well-documented trickle-down effect of capitalism. In general, capitalism reveals a trickle-down effect by making luxury goods affordable to the masses. Through intense competition, capitalism drives down costs, thereby allowing ordinary people to access luxuries. For instance, in 2011, 35 percent of Americans owned a smartphone, and today the figure is 85 percent.
Furthermore, the allure of profit motivates entrepreneurs to cannibalize the market with their products, and when the aim is to gain wealth, the social class of consumers becomes irrelevant. Economist Tim Worstall describes Henry Ford as one such entrepreneur: “Henry Ford didn’t make the Model T because he thought rich people wanted a car in any colour they liked as long as it was black…. He was deliberately making cars cheaper in order to maximize his sales and profits…. Because gaining a few pence or pennies from hundreds of millions of people is a bigger pile of cash than catering to the few billionaires out there.”
Also, of note is that capitalists lower costs by innovating, and innovations unleash a ripple effect throughout the economy. A case in point is the creation of the steam engine. Not only did the steam engine make it possible for people to travel within countries, but decreasing transportation costs resulted in the advent of international tourism. According to Marian Tupy: “Early steamships cut the sailing time from London to New York from about six weeks to 15 days…. But today an aeroplane can fly between the two cities in 8 hours.”
Yet it should be noted that capitalism also fuels entrepreneurship by ensuring the widespread availability of luxury goods. For example, many use their phones to launch businesses with an international scope. Moreover, the cellphone has promoted financial inclusion by increasing the involvement of poor people in the financial sector. Kelsey Piper of Vox reports:
In much of the world, people don’t live near banks or have bank accounts. In Senegal, for example, only 8 percent of the population has a bank account. For a long time, that meant those people were locked out of the financial system…. But in the age of the cellphone, it has become possible to access the key functions of a financial system without getting a formal account.
In fact, studies indicate that the effects of mobile money are overwhelmingly positive:
- Mobile money increased consumption expenditure by 44 percent when households confronted a flood shock in Mozambique (Batista and Vincente 2020).
- Mobile money users in Kenya who encountered a negative shock observed no change in consumption level, whereas nonusers recorded a 7 percent decrease in consumption (Jack and Suri 2014).
- Mobile money increased daily per capita consumption by 8 percent and reduced the extreme poverty index by 42 percent when urban migrants remitted income back to their households in rural Bangladesh (Lee et al. forthcoming).
Conversely, despite criticisms that capitalism inculcates a workaholic mindset, the truth is that the efficient use of technology results in higher productivity; therefore, we work less to purchase commodities. According to Marian Tupy and Gale Pooley in their study titled “The Simon Abundance Index: A New Way to Measure Availability of Resources,” we are working less to acquire cheaper goods. Tupy and Pooley note: “Between 1980 and 2018, the average time price of our basket of 50 basic commodities fell by 72.3 percent. The time it took to earn money to buy one unit in that basket of commodities in 1980 bought 3.62 units in 2018.”
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Based on the evidence provided, capitalism produces a trickle-down effect. So, whenever, you hear a critic mock the trickle-down effect of capitalism, you should remind him that the trickle-down effect is not only real, but it also elevates working-class people to living like elites.
New Conservative Network Seeks Crowdfunding Help
They say we have to go big or go home. We’re trying to go big and bring the patriotic truth the the nation, but we need help.
Readers may or may not realize that over the past year, we’ve been bringing more conservative news and opinion outlets under our wing. Don’t take our expansion as a sign of riches; all of the “acquisitions” have been through sweat and promises of greater things to come for all involved. As a result, we’ve been able to bring together several independent media sites under a unified vision of preventing America from succumbing to the progressive, “woke,” Neo-Marxist ideologies that are spreading like wildfire across America.
The slow and steady reopening of America is revealing there was a lot more economic hardship brought about from the Covd-19 lockdowns than most realize. While we continue to hope advertising dollars on the sites go up, it’s simply not enough to do things the right way. We are currently experiencing a gap between revenue and expenses that cannot be overcome by click-ads and MyPillow promos alone (promo code “NOQ” by the way).
To overcome our revenue gap and keep these sites running, our needs fluctuate between $3000-$7000 per month. In other words, we’re in the red and hemorrhaging.
The best way you can help us grow and continue to bring the truth to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going.
Thank you and God Bless,
We don’t allow Google ads here. We won’t post foot fungus treatments or soft-porn ads like other conservative news outlets. We WILL support MyPillow because they love America. You can support them and me by using promo code “JDR” at checkout.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
Our network is currently comprised of nine sites:
- NOQ Report
- Conservative Playlist
- Truth. Based. Media.
- Freedom First Network
- Based Underground
- Uncanceled News
- American Conservative Movement
- Conservative Playbook
- Our Gold Guy
We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
- MyPillow: Use promo code “NOQ” to get up to 66% off AND you’ll be helping a patriotic, America First company.
- ZStack: Improve your immune system with the Z-Stack protocol or rejuvenate your body from vaccines or shedding with Z-DTox by Dr. Vladimir Zelenko.
- OurGoldGuy: Tell them JD sent you in your request to buy gold and it will help us… AND (wait for it) you’ll be helping a patriotic, America First company.
- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,