Elizabeth Warren: Trickle-down Politics
on Wednesday, November 18, 2015Senator Elizabeth Warren Money Quotation saying trickle-down theory was intended to enrich the wealthy further and attack the middle-class via politics. Elizabeth Warren said:
“Trickle-down was nothing more than the politics of helping the rich-and-powerful get richer and more powerful, and it cut the legs out from under America’s middle class” — Elizabeth Warren
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In this quote, Elizabeth Warren is criticizing “trickle-down economics” policies that aim to stimulate the economy by giving tax breaks and other financial benefits primarily to large corporations and the wealthy. She argues that rather than helping the broader economy or middle class, such policies have mainly benefited the rich and powerful by making them richer and more powerful.
Warren asserts that trickle-down economics has significantly weakened the middle class in America by reducing support and opportunities for ordinary working families and individuals. The quote portrays Warren’s view that trickle-down was a failed approach that primarily served elite interests rather than strengthening the overall economy from the middle-out as its proponents claimed it would.
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