1

Trickle-Down Economics and Trickle-Down Poverty

My friend Tonya, a woman in her late thirties who has lived in poverty for decades, called me today. “I feel like a sponge,” she said. “Everyone’s problems trickle down onto me and I absorb them all.”

Tonya was referring to the term “trickle-down economics.” While she didn’t have the exact definition of trickle-down economic theory in mind (trickle-down economics is the idea that tax breaks and other economic benefits provided to businesses and upper income levels “trickle down” to benefit all members of society), she clearly understood that trickle-down economic policies have not worked for her over the decades in which the gap between rich and poor has widened dramatically.

Read More