This article makes no sense, the entire thing does that the phrase was used to garner support for broad reaching support and economic policy that helps a large swath of people, but then at the bottom they stick in a subdivision of trickle down which is effectively the opposite of that (helping a small subsection would magically help everyone else)
That’s trickle down economics and a lie.
In this metaphor, the tide actually rises. Trickle down theory is a promise that never materialises.
No, it’s more that making rich people richer isn’t a rising tide
Fair.
Exactly.
Trickle-down economics doesn’t work, and everyone who isn’t an idiot knows it whether they say it works or not.
Trickle-up economics would work, because if money gets into the hands of the people at the very bottom, they buy the things they need to live.
That’s the tide, a rising tide is the people getting money.
No it is not supply side economics. If everyone equally got a 10% bump in wealth that would be a rising tide and would not be trickle down.
https://www.theidioms.com/a-rising-tide-lifts-all-boats/
This article makes no sense, the entire thing does that the phrase was used to garner support for broad reaching support and economic policy that helps a large swath of people, but then at the bottom they stick in a subdivision of trickle down which is effectively the opposite of that (helping a small subsection would magically help everyone else)