“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
“Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.” NeedsGivingDoeJobsWealthClassBreakRichEconomicPolicyTaxesBenefitsEconomicsIncreaseIncomeInequalityCorporationsFraudDeficitBillionaireEconomic PolicyTax BreaksTrickle DownWealth InequalityTrickle Down Economics Author:Bernie Sanders
“[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.” PeopleIfsBelieveWellsCareJobsGrowsEconomyCuttingEffectsTheoryTrumpRepublicanTaxesEconomicsInvestmentTake CareWealthyTrickle DownTrickle Down Economics Author:Debbie Wasserman Schultz
“Trickle-down did not work. It got us into the mess we were in, in 2008 and 2009. Slashing taxes on the wealthy hasn’t worked. And a lot of really smart, wealthy people know that. And they are saying, hey, we need to do more to make the contributions we should be making to rebuild the middle class.” TaxesMessWealthyWorking ItTrickle Down Author:Hillary Clinton
“The kind of plan that Donald [Tramp] has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we've ever had.” PeopleKindCountryFactsWould BeCuttingPlansTaxesPercentEconomicsExtremesVersionsTax CutsTrampsTrickle DownTrickle Down Economics Author:Hillary Clinton
“If Trump and his team are able to lower the corporate tax rate to 15%, you look out. The left have told people that corporations are gonna hide the money or shelter the money or keep it for the CEO. They're not gonna give it away, they're not gonna sharing it, it isn't gonna trickle down. You watch.” PeopleIfsGivingLooksAbleLeftWatchesTeamTrumpTaxesRateCorporateCorporationsShelterCeoOld PeopleTrickle Down Author:Rush Limbaugh
“Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it doesn't trickle down.” IfsCuttingTrumpTaxesIllusionEconomicsJunkTrickle DownBrackets Author:Michael Hudson
“Give tax breaks to large corporations, so that money can trickle down to the general public, in the form of extra jobs.” GivingJobsFormBreakTaxesCorporationsExtrasGeneral PublicTax BreaksTrickle Down Author:Andrew Mellon