Will Rogers coined the term Trickle Down and had this to say about it in 1932:
“They didn’t start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he 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 it will at least have passed through the poor fellows hands. They saved the big banks, but the little ones went up the flue.”
“No sir, the little fellow felt that he never had a chance, and he didn’t till Nov. 3, and did he grab it? The whole idea of government relief for the last few years has been to loan somebody more money, so they can go further in debt. It ain’t much relief to just transfer your debts from one party to another, adding a little more in the bargain. No, I believe the “boys” from all they had and hadn’t done had this coming to ’em.”
Will Rogers coined the term Trickle Down and had this to say about it in 1932:
“They didn’t start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he 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 it will at least have passed through the poor fellows hands. They saved the big banks, but the little ones went up the flue.”
“No sir, the little fellow felt that he never had a chance, and he didn’t till Nov. 3, and did he grab it? The whole idea of government relief for the last few years has been to loan somebody more money, so they can go further in debt. It ain’t much relief to just transfer your debts from one party to another, adding a little more in the bargain. No, I believe the “boys” from all they had and hadn’t done had this coming to ’em.”