"Trickle Down" Economics -- Nothing New Here

“From 1946 to 1961 we thought in terms of dollars rather than of people. We thought in terms of gross national product rather than in terms of gross national product one that Herbert Hoover employed in 1930. By pouring in money on the top, we hoped that some would reach the bottom. But in feudal societies the few at the top kept practically all of it. Millions were stolen and banked aboard. What was not stolen was used to entrench those who already owned and controlled the nation.”

Supreme Court Justice William O. Douglas
Democracy’s Manifesto: A Counter Plan for the Free Society
Published 1962

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