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                    This
                    ballad, written in the tradition English folk style, is an
                    allegory highlighting the consequences
                          of recent right-wing 'trickle-down' economic theory in
                          New Zealand and elsewhere. 
                         
                      
                      
               
              
                
                        
                 
              
                
                  
                    1.
                      In the deepest darkest winter 
                      The people told the king 
                      The grain has gone, we have no food 
                      To get us through to spring. 
                      We cannot pay the tithes you ask,  
                      The harvest is too small 
                      The famine's biting hard, dear King  
                      Have mercy on us all. 
                       
                      (smarmy
                          voice) "It will trickle down, trickle down 
                        have patience," said the king 
                        Trickle down, trickle down (audience) 
                        To end your suffering. 
                         
                       
                      
                       
                      2. The king upon his milk white steed 
                      Ignored what they had said 
                      He rode towards his castle grand  
                      To feast with lords instead. 
                      Where wine it flowed and nobles crowed 
                      And troubles were forgotten 
                      The troubles of the peasant folk  
                      The strife of the downtrodden. 
                       
                      It will trickle down,
                        trickle down, (audience) 
                        it will trickle you will see. 
                        Trickle down, trickle down (audience) 
                        Just put your trust in me. 
                         
                       
                      
                       
                      3. As dawn did break, a duke he spake,  
                      We nobles need more schilling 
                      Our castles need more finery,  
                      Our coffers need refilling. 
                      So the King he mounted on his steed,  
                      and to this he did agree, 
                      Take the coin my noble friends, 
                      Ten thousand I decree . . . 
                       
                      . . and it will trickle
                        down, trickle down, (audience) 
                        For that's how it is writ, 
                        Trickle down, trickle down (audience) 
                        It will trickle so be it. 
                       
                      4. The more the peasants begged the King  
                      The more that they implored 
                      The more the king would turn away  
                      The more they were ignored. 
                      But the milk white steed he took no heed  
                      He knew his wrong from right 
                      Took pity on the peasant folk  
                      Took pity on their plight. 
                              
                      And the great white steed said.... 
                      It will trickle
                        down, trickle down, (audience) 
                        It will trickle you will see 
                        Trickle down, trickle down, (audience) 
                        Just put your trust in me. 
                         
                       
                      
                       
                      5. The milk white horse filled with remorse  
                      had more wit than they thought 
                      He threw the king from off his back  
                      down into the ford. 
                      And royal blue blood it trickled,  
                      It trickled down his crown 
                      The king he perished on the rocks,  
                      Never to be found. 
                       
                      And it trickled down,
                        trickled down  
                        It trickled down his head. 
                        Trickled down, trickled down (audience) 
                        And lo! (pause) 
                        (spoken) The king
                        was dead.   
                       
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              Trickle-Down Economics
              Conventional
                economic theory decrees that when the working classes are well
                paid, then their money trickles UP to the rich."Trickle-down
                economics" describes policies that reduce taxes for the wealthy
                (and thus reducing money available for health, education,
                industrial development and welfare) while tricking the working
                classes that it will be good for them.  
                 
                In the 1980s Ronald Regan, Margaret Thatcher and Roger Douglas
                tricked workers in the USA, England and New Zealand with these
                policies. More recently, Liz Truss tried to re-introduce
                trickle-down policies when she was prime minister of England,
                but within 7 weeks, her premiership was dead. 
              Al Baxter 
              
                Al Baxter is a songwriter, singer
                  and multi-instrumentalist in  Hoop,
                  an indie folk band in Auckland. He sings feel-good songs about
                  life and love, with the odd piece of political and social
                  commentary thrown in for good measure.    
                
                
                        Put onto folksong.org.nz website October 2022 
                  
                
                
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