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I Didn't Realize "trickle Down " Was So Old

By: ChipmunkErnie
Written on June 19th, 2012
"The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr Hoover didn't 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 at least it will have passed through the poor fellow's hands."

---Will Rogers
By: ChipmunkErnie
Age: 61-65 , Male
143 people have read this story

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8 responses
  • Quintesse
    Quintesse

    That's why you tax the rich--to force them to give back to the economy, to keep everything circulating. I think that is the theory.

    Jun 19, 2012
    1 like
    • ChipmunkErnie
      ChipmunkErnie

      Not so much theory as reality.

      Jun 19, 2012
      1 like
    • Quintesse
      Quintesse

      But then there are those pesky tax cuts that throw everything off kilter...

      Jun 19, 2012
      1 like
    • ChipmunkErnie
      ChipmunkErnie

      Yeah, if you're rich you get even richer.

      Jun 19, 2012
      1 like
  • Quintesse
    Quintesse

    I think at least some of it gets tossed. In any case, it changes hands which keeps things moving. .

    Jun 19, 2012
    1 like
  • ChipmunkErnie
    ChipmunkErnie

    If you give it to those at the bottom it won't be tossed around, it will be used to pay debts.

    Jun 19, 2012
    1 like
  • Quintesse
    Quintesse

    Give it to those at the bottom. Let them toss it around for a while, let it change hands and multiply in the form of goods and services and let everyone have a hand in the process. The rich will inevitably get richer, but maybe the poor won't stay poor. It's worth a shot.

    Jun 19, 2012
    3 likes
    • ChipmunkErnie
      ChipmunkErnie

      Yeah--right. Odd how that has never worked but people still keep claiming it will. If the rich get richer, where the hell is the money for the poor going to come from? Every time the rich get richer those riches have to come from somewhere. And if it's not coming from the rich, it5 HAS to come from everyone else.

      Jun 19, 2012
      1 like