Sunday, August 5, 2012

The Trickle-Down Theory

"Trickle-down economics" and "the trickle-down theory" are terms in United States politics that refer to the false idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole.

The term has been attributed to humorist Will Rogers, who during the Great Depression said that -

"The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands."

"Share the Wealth" - PP Jokes #28 on Vimeo from Brandon Ray on Vimeo.

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