Any time you hear politicians or media talk about what is good for "the economy".
Remember "the economy" = rich people's yachts.
Any time you hear politicians or media talk about what is good for "the economy".
Remember "the economy" = rich people's yachts.
Yes, but on the bright side, you can take the wrapper off a bar of soap, make a bunch of tiny paper boats, and with one foot over the drain, control all their destinies at your whim. Who is their god now, giant who controls both the rain and the tide?
You're misinterpreting the metaphor. There isno separate class of boatless people in the metaphor, the boats are the people.
old conservative political adage
Is that a conservative adage? It definitely sounds more like the opposite of "trickle down economics".
In practice it is. People use it as a synonym for trickle down economics. As in, the billionaire's yacht rising with the tide will somehow trickle down to the rest of us.
I personally first encountered it when a Republican Member of Congress worth nine figures said it, the intent being to argue in favor of trickle-down and against taxing the rich. "What helps us ultimately helps you!" You're right that it's surely not the original intent, as it was popularized by Kennedy. I could've framed it all better. I was responding to it as I'd personally heard it used.
Its actually a good phrase and one of the reasons rich people with brains actually want more wealth taxation. the rising tide is a healthy economy and when all boats are not being lifted then its not a rising tide. Its a bubble.
A rising tide lifts all boats
Except the ones already swamped. They're just extra-fucked now.
People arguing about if the rising tide phrase is a good or bad metaphor, well it's neither, it is vague enough that people can add whatever meaning they want to it.
Is it trickle-down or growing the pie? Who knows. But it is accurate to say that increasing GDP often leads to far worse outcomes for many workers. Massive health insurance costs boost GDP compared to universal health care, but the only people benefiting are the ultra wealthy in their fancy boats
That’s not how the metaphor works.
The boats aren't actually boats. Metaphors are confusing for some.
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