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I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.

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.

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

Trickle-down theories do not address the legitimate aspirations of the poor. We must lift those at the bottom so that poverty is erased from the dictionary of modern India.

If there was ever any truth to the trickle-down theory, the only evidence of it I've ever seen was in that period of 1960 to 1965. All of sudden they were handing out major label recording contracts like they were coming in Cracker Jack boxes.

Don't let anybody tell you it's corporations and businesses create jobs. You know that old theory, 'trickle-down economics.' That has been tried, that has failed. It has failed rather spectacularly.

Thomas Piketty assembles the facts to prove a central point about trickle-down economics: Doesn't work. Never did. He has cold, hard data showing how the rich keep getting richer and how the playing field is rigged against working families.

I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen.

It's not trickle down economics. The problem that the president has is that he's rudderless on the economy. I mean, he doesn't quite know what to do. It's a wake-up on Monday and try to figure it out. It takes time to turn a supertanker, so you need to know where you need to go.