Ahead of the release of their upcoming second album, Dystopian Hellscape, on 1st April, Margate duo pink suits have shared a compelling new single. The ambitiously titled ‘A Comprehensive Breakdown Of How Trickle-down Economics Works‘ promises to condense a volatile debate that economists have examined at great length into the (impressively, impossibly brief length) of a single track.
Trickle-down economics is the idea that it is beneficial to all of society to offer tax breaks to the wealthiest individuals and businesses in the world, allowing them to keep more money in their own accounts rather than the government re-distributing it to meet the needs of wider society. The logic behind this is that the hyper-rich will use that wealth of their own volition to stimulate the economy through their own purchases as well as developing businesses that provide jobs to working class people, as well as supporting social causes out of the goodness of their own hearts.
In a world where everyone has a fixed maximum capacity on the amount of money and assets they can have, this would make some element of sense, as they would be forced to redistribute those resources somehow anyway. However, in the real world, where the wealthy are not only allowed but actively encouraged, rewarded and honoured for hoarding more resources than they could ever possibly need, this simply isn’t the case. Studies conducted over many decades show that there is no correlation between more wealth and higher economic output and that the opposite is significantly more likely as the gap between rich and poor widens at increasingly alarming rates. When poor people have money, they have no choice but to spend it on the essentials that keep them alive and stimulate the economy. When rich people have money, they are free to let it gather dust indefinitely, rendering huge amounts of global resources with zero economic value.
In writing a song that is just four seconds long, pink Suits have refused to engage with arguments from ideologues who ignore basic facts of reality. They have refused to repeat easily accessible, readily available information. They have made a statement that if you’re not prepared to do your own homework, it’s not their job to educate you. If you want to look like a clown jabbering on about something you demonstrably know nothing about, then you are more than welcome to, but you are not entitled to their time or attention and you should consider yourself grateful that they dignified your argument with these four sweet, simple seconds.
Watch the epic accompanying video and read more about what pink suits have to say about the track below:
