“For decades, Americans have experienced a populist uprising that only benefits the people it is supposed to be targeting.... The angry workers, mighty in their numbers, are marching irresistibly against the arrogant. They are shaking their fists at the sons of privilege. They are laughing at the dainty affectations of the Leawoof toffs. They are massing at the gates of Mission Hills, hoisting the black flag, and while the millionaires tremble in their mansions, they are bellowing out their terrifying demands. 'We are here,' they scream, 'to cut your taxes.”
― Thomas Frank, What's the Matter with Kansas? How Conservatives Won the Heart of America
its pretty fucking bizzare speaking from a person who comes from a country where poor people vote for increased benefits and the more affluent for less taxes.
The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote,
"Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'"
Trickle-down economics, also referred to as trickle-down theory, is an economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term. It is a form of laissez-faire capitalism in general and more specifically supply-side economics. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.
The term trickle-down originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged, while being framed as good for the average citizen.
9 comments
1 rewind45 2017-12-15
I often wonder if how republicans manage to be a textbook example of pure hypocrisy so openly yet still combince their base they are honest.
1 lewildcard 2017-12-15
People are stupid. Think about how stupid the average person is. Then realize half the people are stupider than that.
1 pizzashill 2017-12-15
― Thomas Frank, What's the Matter with Kansas? How Conservatives Won the Heart of America
1 allendrio 2017-12-15
its pretty fucking bizzare speaking from a person who comes from a country where poor people vote for increased benefits and the more affluent for less taxes.
1 pizzashill 2017-12-15
The conservative right in the US managed to bamboozle a bunch of working class people.
They've been convinced that by cutting taxes on the wealthy, deregulating the corporations, the wealth will "trickle down" to them.
This has a long history in the US.
https://en.wikipedia.org/wiki/Trickle-down_economics
1 WikiTextBot 2017-12-15
Trickle-down economics
Trickle-down economics, also referred to as trickle-down theory, is an economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term. It is a form of laissez-faire capitalism in general and more specifically supply-side economics. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum.
The term trickle-down originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged, while being framed as good for the average citizen.
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1 Thestateyest 2017-12-15
Oh hey you’re back
1 SamWhite 2017-12-15
Who does he think is shilling exactly?
1 Protect_Me 2017-12-15
Everyone who disagrees with him, duh
1 [deleted] 2017-12-15
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