A Quote by Nick Hanauer

The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.

Nick Hanauer

Quote Topics

About Any Bad Better Better Off Claim Down Economics Economy Everyone Get Get Rich Increase Insidious Made Minimum Minimum Wage Most Nonsense Off Oppose Poor Rich Richer Thing Those Trickle Wage Will

Quote Author

Nick Hanauer
American - Businessman
Born: 1959

But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.

Nick Hanauer

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.

Margaret Atwood

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?

Nick Hanauer

One thing's sure and nothing surer. The rich get richer and the poor get- children

Ron Rash

Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.

Bernie Sanders

You have friends, and they die. You have a disease, someone you care about has a disease, Wall Street people are scamming everyone, the poor get poorer, the rich get richer. That's what we're surrounded by all the time.

Adam Driver

The poor get worked, the rich get richer, The world gets worse, do you get the picture? The poor gets dead, the rich get depressed, The ugly get mad, the pretty get stressed. The ugly get violent, the pretty get gone, The old get stiff, the young get stepped on. Whoever told you that "it was all good" lied, So throw your fists up if you not satisfied.

J-Live

The rich get richer and the poor get the picture. I think this Occupy Wall Street thing is great.

Simon Baker

Thomas Piketty assembles the facts to prove a central point about trickle-down economics: Doesn't work. Never did. He has cold, hard data showing how the rich keep getting richer and how the playing field is rigged against working families.

Elizabeth Warren

Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.

Greg Fitzsimmons

Budget cuts if you're not rich, tax cuts if you are. Less money for those who don't have any and more to those who do. That's how President Fredo says we're going to get out of the giant deficit hole he's dug. You can't put it any more simply. Rich people richer. Poor people poorer.

Will Durst

There is one rule that works in every calamity. Be it pestilence, war, or famine, the rich get richer and poor get poorer. The poor even help arrange it.

Will Rogers

The rich do get richer - meaning that those who appreciate what they have will get more. Be grateful everyday.

Marshall Sylver

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.