A lot of people who are much much closer to abject poverty than wealthy enough to be a billionaire or trillionaire defend these billionaires/trillionaires because they want to believe they can be the lucky ones too. But they won’t be, and our economic systems make sure they won’t.
Reminder that "Trickle-down" is known as "horse-and-sparrow" theory, where if you want sparrows to eat, you feed horses so many oats that there will be scraps for lucky sparrows. Rich people get the benefits by convincing some “sparrows” that they’ll be lucky ones but it’s just economic inequality.
Marcelius Braxton
Marcelius Braxton
The benefits did not just“trickle-down”—they poured, writes Arthur Laffer
The benefits did not just“trickle-down”—they poured, writes Arthur Laffer
