Nick Hanauer: Intimidation Masquerading

Posted by admin on Friday, February 12, 2016

Nick Hanauer Money Quotation saying theories of trickling wealth are an attempt to distract and intimidate instead of solving. Nick Hanauer said:
 
Trickle-down economics, the idea that the richer the rich get, the better off everyone else will be is a scam. It’s a magic trick. It’s an intimidation tactic masquerading as an economic theory Quote
 

“Trickle-down economics, the idea that the richer the rich get, the better off everyone else will be is a scam. It’s a magic trick. It’s an intimidation tactic masquerading as an economic theory” — Nick Hanauer

 

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In this quote, Nick Hanauer is strongly criticizing the theory of “trickle-down economics”. He argues that the idea that making the rich even richer through tax cuts and other policies will somehow benefit everyone else is a “scam” and not grounded in real economic theory.

He calls it a “magic trick” meant to deceive people into thinking it’s valid, when in reality it does not work as promised.

Hanauer believes trickle-down economics is essentially an “intimidation tactic” used by proponents of such policies to push their agenda, rather than an actual sound economic theory backed by evidence and results.

Overall, he is dismissing trickle-down economics as invalid and more of a political tactic than a real solution to economic issues.

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