Posts Tagged ‘trickle-down’
Nick Hanauer: Trickle-Down Scam
on Tuesday, January 25, 2022Nick Hanauer Money Quote saying trickle down is a scam perpetrated by the rich and taking advantage of the everyman. Nick Hanauer said:
“Americans are right to be pissed. Trickle downers have screwed people over for decades by lowering taxes on the rich, deregulating banks and other powerful corporations, and by convincing people that lower wages are good for the economy. here’s the thing: trickle down is a scam that benefits rich guys like me while screwing everyone else. Don’t buy it” — Nick Hanauer
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Warren Buffett: Trickle-Down Rest
on Friday, July 30, 2021Warren Buffett Money Quote saying the wealthy want more money so that when they spend it, it will run downhill to the rest of us. Warren Buffett said:
“The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on” — Warren Buffett
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Joe Biden: Trickle Down Economics
on Wednesday, July 28, 2021Joe Biden Money Quote saying that history shows that ‘trickle-down’ economics fails those at the bottom. The middle class must do well first. Joe Biden said:
“Trickle-down economics has never worked, but when working families do well — everybody does well. That’s what the economy we’re building is all about” — Joe Biden
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Trickle-down economics has never worked, but when working families do well — everybody does well.
That’s what the economy we’re building is all about.
— President Biden (@POTUS) July 28, 2021
Hillary Clinton: Trump Wants Trickle Down
on Monday, August 8, 2016Hillary Clinton Money Quote saying Trump and economic advisors are attempting to revive the same monetary policy that failed Reagan. Hillary Clinton said:
“[Trump] wants to roll back regulations on Wall Street. He wants to eliminate the Consumer Financial Protection Bureau, which has saved billions of dollars for Americans. He wants to basically just repackage trickle down economics” — Hillary Clinton
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William Blum: Trickle Down = Give Rich More
on Thursday, April 28, 2016William Blum Money Quote saying hunger is not resolved by waste from having too much, then sharing leftovers with those who are poor & starving. William Blum said:
“The ‘trickle-down’ theory: the principle that the poor, who must subsist on table scraps dropped by the rich, can best be served by giving the rich bigger meals” — William Blum
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Nick Hanauer: Intimidation Masquerading
on Friday, February 12, 2016Nick 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” — Nick Hanauer
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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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Elizabeth Warren: Get a Shot at Doing Great
on Tuesday, November 17, 2015Elizabeth 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
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