A Quote by Michael Hudson
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.
Related Quotes
[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.
Trickle-down racism, trickle-down bigotry, trickle-down misogyny, all these things are extraordinarily dangerous to the heart and character of America.
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.
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.
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.'
You alleviate poverty by trickle-down economics.
Trickle down economics creates a nation of peons.
Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.
Sometime, while I wasn't paying attention, trickle-down economics got respectable.
I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.
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.
We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.
Successful businesses create jobs; that is true. But the notion that if we cut taxes enough for the very rich and for already hugely profitable businesses, then all that money will trickle down to everyone else in the form of job creation is simply false.
My friends, that's trickle-down economics, and I believe every worker in America is tired of being trickled on by George W. Bush
But love is much like a dam; if you allow a tiny crack to form through which only a trickle of water can pass, that trickle will quickly bring down the whole structure and soon no one will be able to control the force of the current.
The Democrats have been there for working people in our country. That's who we are, trickle-down vs. middle-class economics. That's the major difference between the parties.
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