Trickle-down economics?_其他_趣味英语-查字典英语网

Trickle-down economics?

Romney says he feels their pain but his policy prescriptions would create more pain.

Mitt Romney's real compassion is for people like himself, whom he believes are America's “job creators.” He aims to cut taxes on the rich, in the belief that the rich create jobs — and the benefits of such a tax cut trickle down to everyone else.

Trickle-down economics is the core of Romney's economics, and it's bunk. George W. Bush cut taxes — mostly for the wealthy — and we ended up with fewer jobs, lower wages, and an economy that fell off a cliff in 2008.

- Mitt's no compassionate conservative, Salon.com, September 27, 2017.

3. Pope Francis on Tuesday harshly criticized “trickle-down” economics and an unfettered free market, saying a socioeconomic system that leaves the poor with no means to support themselves is a grave sin.

His remarks on economics — part of a longer missive — could place him at odds with many free-market Republicans, The Hill reported.

“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,” he wrote.

“This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power . . . Meanwhile, the excluded are still waiting.”