“I will not pursue trickle-down economics, but will implement bottom-up economics aimed at getting the poor out of poverty into prosperity.”

— Peter Mutharika

After being sworn in to office as president http://www.nyasatimes.com/2014/05/31/so-help-me-god-mutharika-sworn-in-as-malawi-president-chilima-vp/ (May 31 2014)

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Peter Mutharika 2

President of Malawi 1940

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Context: Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy— what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.

“We’ve set two goals: ending extreme poverty by 2030 and boosting shared prosperity. How are we going to get there? Generally speaking, it divides into three main categories. One is economic growth. If you look at the greatest achievements in lifting people out of poverty, China, almost through brute economic growth, lifted 600 million people out of poverty. The second big block is investment in human beings. In other words, making sure that the poorest people have some kind of income or sustenance to be able to consume and, potentially, participate in economic growth. And a third category is social protection.”

Jim Yong Kim (1959) Korean-American physician and anthropologist, 12th President of the World Bank

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“Along came the Republicans, trickle-down economics — one of the worst ideas since snake oil — was put back into place. And we ended up with the great recession. President Obama had to rescue the economy. And I don’t think he gets the credit he deserves for doing that.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

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“The kind of plan that Donald has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we've ever had. I call it trumped-up trickle-down, because that's exactly what it would be. That is not how we grow the economy.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

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“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.”

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“We must pursue a balanced development path, with policies that enhance inclusion, integrity and sustainability as well as delivering economic growth for the continued prosperity of Malaysians.”

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“This election was lost four and five and six years ago not this year. They dident start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the dryest little spot. But he dident know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night anyhow. But it will at least have passed through the poor fellow’s hands. They saved the big banks but the little ones went up the flue.”

Will Rogers (1879–1935) American humorist and entertainer

Nationally syndicated column number 518, And Here’s How It All Happened (1932), as published in the Tulsa Daily World, 5 December 1932.<ref>
Weekly columns

“Negroes are not the only poor in the nation. There are nearly twice as many white poor as Negro, and therefore the struggle against poverty is not involved solely with color or racial discrimination but with elementary economic justice….”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Address to Local 815, Teamsters and the Allied Trades Council (1967)

“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.”

Pope Francis (1936) 266th Pope of the Catholic Church

Section 54
2010s, 2013, Evangelii Gaudium · The Joy of the Gospel

“I will not pursue trickle-down economics, but will implement bottom-up economics aimed at getting the poor out of poverty into prosperity.”

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