Letters

Letters

You’d have thought Galbraith had last word on trickle-down theory

Advertisement

The president who was going to drain the swamp promotes the long-discredited economic plan that asserts that a tax cut for the wealthy would be good for the working classes (“Trump aide says tax overhaul won’t profit wealthiest in US,” Business, Sept. 2). John Kenneth Galbraith gave the coup de gras to this proposition with his usual precision, when he said that trickle-down theory was “the less-than-elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.”

Robert F. Lyons

Kennebunkport, Maine