A quotation from Galbraith, John Kenneth:

«
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
»

Full quote, sourcing, notes:
https://wist.info/galbraith-john-kenneth/16956/

#quote #quotes #quotation #crap #economics #left-overs #policy #shit #trickle-down #wealth

‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet - Over the past week, U.S. president Joe Biden has been engaged in discussions regar... - https://news.bitcoin.com/bidenomics-agenda-struggles-to-gain-support-as-joe-bidens-approval-ratings-plummet/ #realclearpoliticspoll #economicchallenges #reelectioncampaign #publicinvestment #approvalrating #economicagenda #americandream #u.s.president #fourthofjuly #nationaldebt #rollcall.com #trickle-down

@Unlikelylass

“Rugged Individualism” is another part of the lie US Oligarchs have been spreading for decades.

#Trickle-Down
#Supply-Side
etc.

Works great if you are already wealthy.

#Reaganomics

@RepShontelBrown
For the last 4 decades, #neoliberal / #trickle-on economic policies have gutted the middle class.

If you don't reverse the last 4 decades of wealth redistribution and return wealth distribution to the way it was before Reagan, then the political instability will continue to get worse. The coup of January 6 was just the start. If you're at all familiar with the semi-developed world, you know this political instability can get a lot worse than it is now.

Hier erklärt Maja #Göpel sehr schön in 1,5 min was der #Trickle-up-effekt ist. Ganz im Gegensatz zum viel zitierten #trickle-down effekt
#Trickleupeffekt
#Trickleup
Senkung des #Höchststeuersatzes
#Klassenkampf ;-)

https://youtu.be/OGqij9md3e8?t=566

@Mariette1 Als ik €1000 rentebetaling niet kan opbrengen heb ik een probleem. Als iemand $1 miljard aan rentebetaling niet kan doen, krijgen banken een probleem. Als banken een probleem krijgen, krijgt de samenleving een probleem. #trickle-down

Friedman and his toxic philosophy is before the #boomer generation and the father of #trickle-down economy or the worse notion that corporations have but one responsibility "make a profit"

Boomers die before they suffer the consequences of the climate crisis but they are victim and perp at the same time just as the follow up generation and the current generation.

https://mastodon.social/@Bluedepth/103037176088694577/embed"