“The "trickle-down" theory: the principle that the poor, who must subsist on table scraps dropped by the rich, can best be served by giving the rich bigger meals.”
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Quote Analysis: William Blum on "Trickle-Down" Theory
This quote by William Blum offers a sharp critique of the "trickle-down" economic theory. By using vivid and relatable imagery—the poor subsisting on "table scraps" dropped by the rich who have "bigger meals"—Blum highlights the inherent inequality in this approach. The metaphor exposes the theory’s assumption that wealth distribution benefits those at the bottom indirectly and inadequately. Rather than empowering the poor directly, the quote suggests that the policy favors the wealthy under the guise of eventual "trickling down" benefits, questioning the fairness and effectiveness of such economic strategies.
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