The libs use the term trickle down to torpedo ANY effort to let the taxpayers keep more of their OWN money.
It is regrettable that the Pope now demagogues using the same types of terms in his attacks on free market capitalism. I expect this from Democrats, but not from the leaders of my own Church.
From Sowell's article:
...If there is ever a contest for the biggest lie in politics, this one should be a top contender.
While 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...
Sowell contends that it's a lie to suggest there is any support for 'trickle down'. Here's what the pope says:
... Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape...
...In this context, some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.
Sowell seems to be making a convincing argument that the Pope lied.