50 years of tax cuts for the rich failed to trickle down, economics study says - CBS News
50 years of tax cuts for the rich failed to trickle down, economics study says - CBS News
Tax cuts for the wealthy didn't boost the economies of the U.S. and 17 other countries — but they did worsen income inequality.
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The wealth was never meant to trickle down. That was just a line to keep the proles subservient and waiting.
Yup. Reagan and Thatcher just did what their rich friends wanted them to do, and fucked us and the earth for a long time.
Macron is doing that to France right now. It's not gonna be pretty.
That was just a line to keep the proles subservient and waiting.
Huh? The trickle down line comes from comedian Will Rogers who was making a joke about how President Hoover, who was an engineer, was accustomed to water trickling down, but that he didn't realize money trickles up.
It was a line to serve the exact opposite – to tell the 'proles' that the economic plan was fundamentally flawed.
yeah, but it was repurposed for that. "pulling yourself up by your bootstraps" also has its origins in a saying referring to something that is impossible, but was later repurposed into having the opposite connotation for most people.
Also when conservatives quote MLK about 'judging people by the content of their character', and nothing else.
Thanks. I learned something. I grew up hearing it discussed seriously in the 1980s, by which time I'm not sure everyone remembered the critical origin you identify. As I remember it, during the Reagan/Thatcher years many people treated the matter of whether and how the wealth would trickle down as a real live question.