“I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.” DecisionLevelsResultsEconomyCenturyParticularTaxesLowsThirdsRateExperimentsInequalityRegulationLow LevelTrickle Down Author:Joseph Stiglitz
“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!” NeedsYearsHardAmericaClassEconomyRichMiddleHard WorkShotsExperimentsCorporationsGiantsMiddle ClassLobbyistsTrickle Down Author:Elizabeth Warren
“We must have an economy that does not force the migrant worker's child to miss school in order to earn...just so the family can eat. That is the moral bankruptcy that trickle-down economics is all about.” ChildrenDoeSchoolOrderForceMoralEconomyMissingEconomicsWorkersBankruptcyMigrantsTrickle DownTrickle Down EconomicsMigrant Workers Author:Barbara Jordan