“The idea of the feudal system is that the people on the top take care of the needs of those on the bottom, but I have seldom seen it work that way," Wicked said.
"Yeah," I said, "it's like trickle-down economics; it only works if the people at the top are really good, decent people. The system is only as good as the people in power.”

— Laurell K. Hamilton

Source: Anita Blake: Vampire Hunter series, Danse Macabre (2006), Chapter 26, p. 250

Adopted from Wikiquote. Last update June 3, 2021. History

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Laurell K. Hamilton 261

Novelist 1963

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“We need not only open trading systems, but systems that work for people around the world — taking into account not only the bottom line, but the well-being of working men and women, the protection of children against sweatshop labor, and the protection of the environment.”

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“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. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”

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“I don't think top-down works in America. I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their debt from college at a lower rate. Those are the kinds of things that will really boost the economy. Broad-based, inclusive growth is what we need in America, not more advantages for people at the very top.”

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Context: We've looked at your [Trump's] tax proposals. I don't see changes in the corporate tax rates or the kinds of proposals you're referring to that would cause the repatriation, bringing back of money that's stranded overseas. I happen to support that. I happen to support that in a way that will actually work to our benefit. But when I look at what you have proposed, you have what is called now the Trump loophole, because it would so advantage you and the business you do.... Trumped-up trickle-down. Trickle-down did not work. It got us into the mess we were in, in 2008 and 2009. Slashing taxes on the wealthy hasn't worked. And a lot of really smart, wealthy people know that. And they are saying, hey, we need to do more to make the contributions we should be making to rebuild the middle class. I don't think top-down works in America. I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their debt from college at a lower rate. Those are the kinds of things that will really boost the economy. Broad-based, inclusive growth is what we need in America, not more advantages for people at the very top.

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“On tight money: It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom — the old trickle-down theory.”

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“I am still convinced that the American people, since 1932, continue to insist on two requisites of private enterprise, and the relationship of Government to it. The first is complete honesty at the top in looking after the use of other people's money, and in apportioning and paying individual and corporate taxes according to ability to pay. The second is sincere respect for the need of all at the bottom to get work — and through work to get a really fair share of the good things of life, and a chance to save and rise.”

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Laurell K. Hamilton 261

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