It’s so funny to me that everything has to be couched in terms of being “good for the economy” can’t we just say it’s good for people? The strength of the economy is secondary to the well being of the people. A strong economy can make for better off people, but the end goal is people, not “the economy”.
This implies any of the amoral, unempathetic people responsible for this ideology actually gave a flying fuck about “the people”.
It was a grift. It was always a grift. The rich and people of power have been doing this sort of thing for millennia.
Weekly reminder that “trickle down economics” was always meant as a criticism. Coined by Will Rogers
This election was lost four and six years ago, not this year. They [Republicans] didn’t start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands. They saved the big banks, but the little ones went up the flue.
Economist John Kenneth Galbraith most vividly described it as the “horse and sparrow” theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.”
