Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Zorro

(15,716 posts)
Tue Aug 20, 2019, 08:27 AM Aug 2019

Trickle-down theory is a monstrous lie intended to justify the rich getting richer

One of the biggest lies foisted on the American people is that as rich people get richer, we all benefit — the so-called trickle-down theory.

For decades, working families have been told not to worry about the growing wealth gap between the nation’s haves and have-nots. A rising tide lifts all boats, we’ve been told with encouraging smiles and pats on the back.

The magnitude of the deception borders on monstrous.

William Darity, a professor of public policy at Duke University, said it’s “nonsensical” to think that greater wealth for the rich translates to improved fortunes for everyone else.

https://www.latimes.com/business/story/2019-08-19/column-trickle-down-is-a-lie

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trickle-down theory is a monstrous lie intended to justify the rich getting richer (Original Post) Zorro Aug 2019 OP
Watch "The Family" on Netflix. Meadowoak Aug 2019 #1
The filthy rich always find a way to con the rest of us Farmer-Rick Aug 2019 #2
But Republicans continue to believe it TheRealNorth Aug 2019 #3
Trickledown monarchy The Bopper Aug 2019 #4

Farmer-Rick

(10,125 posts)
2. The filthy rich always find a way to con the rest of us
Tue Aug 20, 2019, 09:25 AM
Aug 2019

Into letting them keep their stolen wealth.

Look how Putin plunders Russia all the while he is responsible for the 2 (not just 1) greatest nuclear disasters in the history of Russia. At this rate, only a small area inside the country will be free from dangerous radioactive contamination and Putin will be the only one allowed there.

TheRealNorth

(9,462 posts)
3. But Republicans continue to believe it
Tue Aug 20, 2019, 10:19 AM
Aug 2019

Or they just think it's okay for the wealthy to be the new lords of the manor.

The Bopper

(182 posts)
4. Trickledown monarchy
Tue Aug 20, 2019, 02:11 PM
Aug 2019

They are the same thing and believe the same thing that Benedict Arnold believed. Tell me you’ll make me rich and I’ll do anything whether it happens or not.

Latest Discussions»Issue Forums»Editorials & Other Articles»Trickle-down theory is a ...