The reactionaries hold that government policies should be designed for the special benefit of small groups of people who occupy positions of wealth and influence. Their theory seems to be that if these groups are prosperous, they will pass along some of their prosperity to the rest of us. This can be described as the “trickle down theory.”

Harry S Truman (1884-1972) US President (1945-1953)

Speech, St Paul (3 Nov 1949)