Elizabeth Warren: Trickle-down Politics

Senator 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

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.

Elizabeth Warren: Get a Shot at Doing Great

Elizabeth Warren Money Quote saying trickle-down economics was a political ploy to enrich big companies and already wealthy. Elizabeth Warren said:
 

 

“The trickle-down experiment that began in the Reagan years failed America’s middle class. Sure, the rich are doing great. Giant corporations are doing great. Lobbyists are doing great. But we need an economy where everyone else who works hard gets a shot at doing great!” — Elizabeth Warren

Elizabeth Warren is criticizing trickle-down economics, which is the theory that tax breaks and benefits for corporations and the wealthy will trickle down to benefit the broader economy and population.

Trickle-down economics suggests that tax breaks and other economic benefits for large corporations and the wealthy will benefit everyone as the benefits “trickle down” through the economy.

Warren argues that this approach has failed the American middle class. While the rich and large companies have done well, ordinary working Americans who work hard have not all had a fair chance to achieve economic success.

She is advocating for an alternative economic system where the rules are not stacked against average working people, and where hard work is more likely to lead to a good life and economic security for more Americans.

Bernie Sanders: Class Warfare, Big Money Winning

Sen Bernie Sanders Money Quotation saying it looks like David vs. Goliath in a war between big banks and corporate interests are easily winning. Sen Bernie Sanders said:
 

 

“We are in the midst of intense class warfare, where the wealthiest people and the largest corporations are at war with the middle class and working families of this country and it is obvious the big-money interests are winning that war” — Bernie Sanders

In this quote, Senator Bernie Sanders is describing what he sees as an ongoing “class warfare” between the wealthy elite and large corporations on one side, and middle class and working families on the other.

He argues that the “big-money interests” like the richest individuals and largest companies are actively waging an economic battle against average Americans to accumulate even more wealth and power.

Sanders suggests these powerful interests are “winning” the war by exerting their influence to shape policies, laws, and economic conditions in a way that benefits them but disadvantages ordinary workers and their families.

The quote portrays Sanders’ view that the current system is stacked against the middle/working class due to the immense resources wielded by those at the very top of the economic hierarchy for their own gain.

Matthew Arnold on Class Valuation

Matthew Arnold Money Quotation saying we create the unequal classes by valuing only one of them, cheapening one and abusing the least of them. Matthew Arnold said:
 

 

“Our inequality materializes our upper class, vulgarizes our middle class, brutalizes our lower class” — Matthew Arnold

In this quote, author and social critic Matthew Arnold seems to be commenting on the negative effects of socioeconomic inequality in Victorian England. He argues that inequality “materializes” or makes overly materialistic the upper/wealthy class, “vulgarizes” or degrades the culture and values of the middle class, and “brutalizes” or treats cruelly the lower/working class.

Arnold appears to believe that large disparities in wealth and status can corrupt the upper class by making them excessively focused on wealth and possessions, can undermine the middle class by encouraging crass or tasteless behavior, and can damage the lower class by subjecting them to difficult living conditions.

The quote conveys Arnold’s view that severe inequality has the potential to diminish society as a whole by changing behaviors and mindsets in deleterious ways across all classes.

Birthday: December 24, 1822 – April 15, 1888