Mega Thread The Random Thoughts Thread Part 1

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Trickle down economics started off as a joke during the Depression Era, attributed to Will Rogers

"money was all appropriated for the top in hopes that it would trickle down to the needy."

The phrase was meant to criticise the stupidity of the idea. In the past, a similar idea was also highly criticised by real economists. In the late 1800s the idea money to the rich would assist the poor was referred to as the "horse and sparrow theory".

"... the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'"
 

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Magus

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Trickle down economics started off as a joke during the Depression Era, attributed to Will Rogers

"money was all appropriated for the top in hopes that it would trickle down to the needy."

The phrase was meant to criticise the stupidity of the idea. In the past, a similar idea was also highly criticised by real economists. In the late 1800s the idea money to the rich would assist the poor was referred to as the "horse and sparrow theory".

"... the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'"
 
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