Nick Hanauer Quotes

You know and I know and economists know that trickle-down economics doesn't work.

Simply cutting the taxes for America's wealthiest families is clearly not creating the needed new jobs, and that strategy is unlikely to succeed in the future.

The Left neither cares about prosperity nor jobs. It cares about equality

The big lie out there, the big lie that the Republicans propagate day after day, is that cutting marginal rates for those at the top is going to create jobs. It's simply not true.

It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.

Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.

We became enthralled with the view that wealth trickled down from the top and that if you poured money into rich people, sort of like an ingredient, prosperity and jobs would squirt out of them like donuts. And if you understand economies in the 19th-century way, that view is plausible, and I think a lot of people accepted it.

We have seen economic growth. But we have not seen earnings growth.

Certainly, the job of a U.S. senator is to create a climate conducive to creating jobs, which is lower taxes and less government regulation. What Harry Reid has been doing is putting forward those policies that actually put more regulation on business.

What the 'supposed 99 percent' don't realize is that they are better off if there are more fat cats, not less.

The Republicans are wrong in thinking that the rich create jobs. In reality, many of the richest Americans have been investing in efficiency innovations rather than to create jobs. And the Democrats are wrong, because growth won't happen if they distribute the wealth of the wealthy to everyone else.

The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.

Debates about trade inevitably revolve around the question of jobs, even thought trade has little effect of aggregate employment levels.

With the Clinton higher tax rates for the top two brackets, we had the longest and strongest economic expansion in U. S. history.

The top 1 percent may complain about the kind of government we have in America, but in truth they like it just fine: too gridlocked to redistribute, too divided to do anything but lower taxes.

Once upon a time, the U. S. economy grew in tandem with the productivity of American workers, leading to the creation of jobs and wealth across society. During the [21st] century’s first decade, however, this relationship no longer applied. GDP grew and productivity climbed, while job creation slowed to a crawl, median incomes fell—and the rich get richer.

The stock market is a playground for rich. The top 1 percent control 35 percent of stock wealth. As long as the stock market grows faster than the rest of the economy, the rich will keep getting richer

We have faster growth rates for low wage industries than for high wage industries

American economic greatness has never trickled down from the top.

Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.

Successful businesses create jobs; that is true. But the notion that if we cut taxes enough for the very rich and for already hugely profitable businesses, then all that money will trickle down to everyone else in the form of job creation is simply false.

Republicans seem to be gambling that most Americans won't care about a few rich private equity managers if their own taxes go down, their stock portfolio goes up, and economic growth accelerates.

I truly believe that the job creators, those people making $200,000 a year, are the small business men and women that create the jobs and ultimately will help the middle class and the poor.

Since the 1980s, we have given the rich a bigger slice of our pie in the belief that they would create more wealth, making the pie bigger than otherwise possible in the long run. The rich got the bigger slice of the pie all right, but they have actually reduced the pace at which the pie is growing.

Corporations and businesses [don't] create jobs.