"This election was lost four and five and six years ago not this year. They dident 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 trickled down. Put it uphill and let it go and it will reach the dryest little spot. But he dident 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."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Will Rogers, Nationally syndicated column number 518, "And Here’s How It All Happened" (1932), as published in the Tulsa Daily World, 5 December 1932.
https://en.wikiquote.org/wiki/Trickle-down_economics
Revision History
No revisions have been submitted for this quote.
Categories
Trickle-down economics
12 quotes on TrueQuotesView all quotes by Trickle-down economics →
Related Quotes
"This is not the time for trickle-down solutions. We know that when you lift from the bottom, everybody rises."
"Tonight -- tonight, I want to talk about the future of possibilities that we can build together -- a future where the…"
"Now, I don't have all the answers, but I do know the old ways don't work. Trickledown economics has sure failed. And …"
"Along came the Republicans, trickle-down economics — one of the worst ideas since snake oil — was put back into place…"
"The kind of plan that Donald (Trump) has put forth would be trickle-down economics all over again. In fact, it would …"
"We've looked at your [Trump's] tax proposals. I don't see changes in the corporate tax rates or the kinds of proposal…"
"We justify the greater and greater accumulation of capital because we believe that therefrom flows the support of all…"
"Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, …"
"As it turns out, making rich people richer doesn't make the rest of us richer. Nor does it stimulate economic growth,…"
"In short, the sequence of payments is directly the opposite of what is assumed by those who talk about a “trickle-dow…"