“They dident [sic] 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.”
— Will Rogers, 1932
The election tours are starting out and the words of “Oklahoma’s favorite son” follow up on yesterday’s trickle-down theory theme. It seems the great American humorist had a good grasp of economics.
I hope your week gets off to a great start!