Hegel.
POPE FRANCIS - The ‘Trickle-Down’ Lie
January 7, 2014
According to economist Thomas Sowell If there is ever a contest for the biggest lie, the ‘trickle-down’ lie would be a top contender.
”there have been all too many lies told in politics, most have some little tiny fraction of truth in them, to make them seem plausible. But the “trickle-down” lie is 100 percent lie.”
“It should win the contest both because of its purity — no contaminating speck of truth — and because of how many people have repeated it over the years, without any evidence being asked for or given.”
“Years ago, this column challenged anybody to quote any economist outside of an insane asylum who had ever advocated this “trickle-down” theory. Some readers said that somebody said that somebody else had advocated a ‘trickle-down’ policy. But they could never name that somebody else and quote them.”
“The ‘trickle-down’ theory cannot be found in even the most voluminous scholarly studies of economic theories — including J.A. Schumpeter’s monumental “History of Economic Analysis,” more than a thousand pages long and printed in very small type.”
Back in 2008, presidential candidate Barack Obama attacked what he called “an economic philosophy” which “says we should give more and more to those with the most and hope that prosperity trickles down to everyone else.”
“Yet none of those who denounce a ‘trickle-down’ theory can quote anybody who actually advocated it.”
Professor Sowell: “The time is long overdue for people to ask themselves why it is necessary for those on the left to make up a lie if what they believe in is true.”