A Rising Tide Lifts All Boats Aphorism

An A Rising Tide Lifts All Boats Aphorism is an Aphorism that ...

• See: Aphorism, Economic System, Macroeconomics, John F Kennedy, Pork Barrel, Dáil Éireann.

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References

2015

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/A_rising_tide_lifts_all_boats Retrieved:2015-1-28.
  • The aphorism "a rising tide lifts all boats" is associated with the idea that improvements in the general economy will benefit all participants in that economy, and that economic policy, particularly government economic policy, should therefore focus on the general macroeconomic environment first and foremost. The phrase is commonly attributed to John F Kennedy, who used it in a 1963 speech to combat criticisms that a dam project he was inaugurating was a pork barrel project. However the phrase has been used more commonly to defend tax cuts and other policies where the initial beneficiaries are high income earners.

2014

• (Chin & Culotta, 2014) ⇒ Gilbert Chin, and Elizabeth Culotta. (2014). “What the Numbers Tell Us.” In: Science, 344(6186). doi:10.1126/science.344.6186.818
  • QUOTE: Many assume that governments in emerging economies have chosen to favor growth even at the cost of inequality on the grounds that “a rising tide lifts all boats." But evidence that this trade-off is necessary is sparse, and recent data show that policies to reduce inequality need not stymie growth (see Ravallion, p.851).

2013

• (Meyerson, 2013) ⇒ Harold Meyerson. (2013). “The 40-year Slump.” In: The Prospect, 2013-11-13 Journal.
  • QUOTE: Since 1947, Americans at all points on the economic spectrum had become a little better off with each passing year. The economy’s rising tide, as President John F. Kennedy had famously said, was lifting all boats. Productivity had risen by 97 percent in the preceding quarter-century, and median wages had risen by 95 percent. As economist John Kenneth Galbraith noted in The Affluent Society, this newly middle-class nation had become more egalitarian. … Henceforth, as the productivity of the American economy increased, the wages of American workers would not increase with it. Tide and boats parted company.

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