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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In this quote, William Blum is criticizing “trickle-down economics” in a succinct yet sarcastic way. The theory of trickle-down economics suggests that tax breaks and other financial benefits for the wealthy and large businesses will ultimately help the poor as more money flows down through job creation and economic growth.
However, Blum argues this notion is flawed – he portrays it as the equivalent of giving the rich even larger portions of wealth in the belief that a few “table scraps” will trickle down to sustain the poor. Blum’s point is that directly helping the wealthy does little to address poverty and inequality, and he mocks the idea that the poor can subsist on meager residual benefits dependent on the generosity of their “betters.”
The quote presents a dismissive perspective on the ability or willingness of wealth at the top to meaningfully benefit those at the bottom through its own accord.
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