Originally Posted by
Heyduke
Repeating myself...
Trickle down economics creates jobs when the laws and regulations put widget factories on a level playing field with hedge funds. The fact of the matter is that (for the billionaire) the financial sector is the most attractive arena to invest in. Consequently, corporate profits in the finanical sector have increased dramatically in recent decades, to over 30% of overall US corporate profits. This is important partly because investment in the financial sector creates many fewer jobs that investment in manufacturing, or brick-and-mortar retail.
But, Trickle-down economics also requires demand. If markets are saturated, and there's a Starbucks on every corner, why would you invest in building another Starbucks? Again, if you're a billionaire, you invest your money in the financial sector.