To be fair, no rich persons wealth significantly trickles down
Yeah it feels kinda weird to single him out in a way that insinuates it’s because he’s black…
I think it’s more about the fact that he’s pretending that he’s lifting up the black people of Atlanta when in reality it’s the opposite.
Just like with every other billionaire pretending to be a philanthropic force in the world.
This is the first I’ve heard of him “pretending” that he’s lifting up black people of Atlanta. I’ve read the article and didn’t see anything that supports that claim. Where is it coming from?
The article basically says: ‘Tyler Perry bought property in a low income area of Atlanta and it hasn’t single-handedly fixed income inequality. See! Liberals support trickle down economics too!’
This seems like it’s written in bad faith.
Just because you haven’t heard about it doesn’t mean that it doesn’t exist. Two of those links are to his own website that he has to promote himself.
Also, neoliberal or not, Tyler Perry is deeply conservative in many ways, including his focus on self-glorifying private charity over supporting the many public programs and NGOs that are much more effective at alleviating poverty like he’s claiming to attempt.
Those are all examples of him donating to charity and helping people which is the opposite of pretending.
And why are you referring to him as a neoliberal? The article mentioned liberals in the American politics context. Which has nothing to do with neoliberalism.
Just because he chose to donate to charity doesn’t mean he ‘chose it over supporting public programs’.
I’ve donated to charity before. Does that mean I am I neoliberal that is deeply conservative etc, etc? Nope. I just wanted to help and if that wasn’t the most effective way to help then I just didn’t know of a better way.
The article mentioned liberals in the American politics context. Which has nothing to do with neoliberalism.
Ok, you clearly don’t know what the fuck you’re talking about. We’re done here.
If that’s true then explain why you think so.
Just because he is black doesn’t mean he gets a free ride. If he is doing a shitty think like any other race, then he should get called out.
The headline does a poor job of establishing context. The article has it, but the headline should’ve been along the lines of “Despite the recent feel good biopic about him, his wealth isn’t helping everyday Atlanta residents”.
Without that context it feels very unusual, and even with that context, I can’t say that I agree this is newsworthy. He was born poor, and he made his money by directing and starring in movies. Becoming a billionaire from that is infinitely more moral than making a giant corporation off the backs of minimum wage employees.
I’m sure he’s done things worth criticizing and could afford to pay workers at his studio more. But in the grand scheme of things, are they really worth this much time and effort when there’s vastly more egregious shitheads out there? Why waste your time with someone who actually is trying to give back when you have Musk as the perfect poster child of why billionaires should be taxed at 100%?
Becoming a billionaire creating little value for the average person is better than a CEO that can provide employment for thousands of people. Seriously?
Actually I think the arts are as important as any other job but get serious if you think that means they are a better person than a CEO.
What if those thousands of jobs don’t pay a living wage? While Perry might not provide as much convenience as Amazon, he certainly hasn’t fucked over as many workers either. I’d wager most rich musicians are far more moral than business tycoons. Taylor Swift famously paid $100k to truckers for tours and covered all the healthcare expenses too I believe for all the tour workers.
What if he is doing good things like donating to charities and investing in low income communities and Republicans try to spin it as a bad thing to claim Democrats are as bad as the Republican Party?
What should we do then?
Because that is what is happening.
Is it just the opposite? Is he actively hindering the black people of Atlanta? Is he doing something differently than all the other wealthy people in GA? If not then I don’t see why he alone is called out here.
Well he famously sued the IRS and got $9m out of that. Pretty sure lots of public programs needed those 9 millions more than a guy who already have more than a thousand millions.
All obscenely wealthy people are contributing to poverty through pathological hoarding of resources best used elsewhere. Other people doing it too doesn’t absolve Perry from his complicity.
As for why he’s being singled out, it’s probably because every other time he’s mentioned, the press fawns over his charity and he’s constantly promoting it himself. Even got at least one award for it.
I don’t have any details about him suing the IRS but I do know that you don’t win a lawsuit against the IRS without a strong case so he probably had a strong case. If they overcharged him $9,000,000 in taxes or something then he shouldn’t have to pay it just like the rest of us shouldn’t have to overpay our taxes. I’m sure the Pentagon could have found plenty of ways to vanish that money but they seem to be doing just fine without it.
All obscenely wealthy people are contributing to poverty through pathological hoarding of resources best used elsewhere.
This isn’t how wealth works. Rich people don’t have Scrooge McDuck vaults, because then they’d get poorer every day
I think the text tries to make the point that it doesn’t work not because but despite him being black. The argument Perry and others make in this case is not one in the form of material benefits but rather moral ones. A member of a marginalized group makes it big, which is supposed to inspire others from this group. The point is that this form of trickle down economics works just as badly as the “regular” one, which is hardly at all.
It doesn’t work because, as pointed out by another commenter, wealth does not “trickle down”. It only accumulates. This has been demonstrated to be a basic function of wealth and the minute you begin to think about it, it becomes obvious that having more resources makes it easier to gather more resources.
Money trickles only one way, up
The modern economics of today would be like if moisture just kept gathering into clouds but it never rained.
It trickles down to politicians and judges, but that’s about it.
That’s just a temporary downward infusion to lubricate the mechanisms sending money back up.
This article is awful for 3 reasons. Unfortunately each reason is one of the main hot takes the article tries and there is nothing redeeming otherwise - so maybe four reasons if you wanna get meta
1: Tyler Perry being decently-successful in media does not mean he owes people anything. More to the point, it is impossible to quantify what one person’s success means to another. Even if they announce it at a speech, you’ve got no way to show a casual pattern.
2: It lumps in every tax break but completely ignores the localized benefits of those tax breaks. Georgia offers tax breaks to films because it makes them money.
The industry in Georgia was boosted substantially by tax incentives introduced in 2002 and strengthened in 2008. Just in the fiscal year 2017 film and TV production had an economic impact in Georgia of $9.5 billion, while industry sources claim that the tax subsidy costs the state $141 million (2010). (Wikipedia)
3: Perry, per the article’s own admission, is giving substantially to the community in terms of pure charity
Perry earned plenty of glowing national headlines earlier this year for his philanthropy in donating $750,000 to help low-income seniors in Atlanta as property taxes increased.
Doesn’t really make sense to paint him as the bad guy here by any of the angles the article tries to take.
I don’t even care for Perry much, but this article is just misleading crap.
If Jacobin stopped publishing misleading crap they wouldn’t have any articles to print in the first place.
I stopped reading when the bullshit got this strong:
The irony is that these liberals, in addition to a weak commitment to hiking taxes on the rich, have their own version of the theory.
I feel like these people ask themselves at every slight annoyance “How could I blame his on liberals?”. They’re the types who’d criticize people making $75k a year for their wealth.
Right? It’s pretty braindead to generalize “liberals” like this. Like yeah if I had ever heard of this before this article my reaction would not have been “oh that’s great! Go black capitalism!!!”
I’m looking forward to the future film he’ll be making about himself and this incident: Tyler Perry’s Tyler Perry, a Tyler Perry Film.
So much potential. Tyler Perry’s Tyler Perry 2: Electric Tyler Perry: 2 Tyler 2 Perry.
why would you expect anything different? “trickle down” economics was always a scam.
