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 not how it works in practice. In practice, crapitalists get tax breaks, everyone else gets less infrastructure, services, etc and pays more for the wealthy to enjoy a luxury liner while trying to run us over on whatever scraps we have.
“A rising tide lifts all ships.” That’s not strictly a progressive philosophy. More a philosophy held by people who aren’t idiots.
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
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.
Fair.
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)
That’s not how it works in practice. In practice, crapitalists get tax breaks, everyone else gets less infrastructure, services, etc and pays more for the wealthy to enjoy a luxury liner while trying to run us over on whatever scraps we have.