A Quote by Joseph Stiglitz
Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'
Related Quotes
Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it doesn't trickle down.
[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.
Trickle-down racism, trickle-down bigotry, trickle-down misogyny, all these things are extraordinarily dangerous to the heart and character of America.
The benefits of globalization do not trickle down automatically. It takes politics to make sure that there is a benefit.
You alleviate poverty by trickle-down economics.
Trickle down economics creates a nation of peons.
The trickle-down theory of economics has it that it's good for rich people to get even richer because some of their wealth will trickle own, through their no doubt lavish spending, upon those who stand below them on the economic ladder. Notice that the metaphor is not that of a gushing waterfall but of a leaking tap: even the most optimistic endorsers of this concept do not picture very much real flow, as their language reveals" pg. 102.
I don't want to see trickle down racism. I don't want to see a president of the United States saying things which change the character of the generations of Americans that are following. Presidents have an impact on the nature of our nature. And trickle down racism, trickle down bigotry, and trickle down misogyny, all these extraordinarily dangerous to the heart and character of America.
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).
Sometime, while I wasn't paying attention, trickle-down economics got respectable.
We plutocrats need to get this trickle-down economics thing behind us: this idea that the better we do, the better everyone else will do. It's not true. How could it be? I earn 1,000 times the median wage, but I do not buy 1,000 times as much stuff, do I?
I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.
Trickle-down economics doesn't work, but we need the power and innovation that comes from the free enterprise system. There's no way we're going to decarbonize the American economy without innovation and the profit motive. It's just not gonna happen.
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