The phrase “rising tide lifts all boats” expresses the idea that if the economy improves, every participant in the economy will be in an improved financial position.
Origin of “Rising Tide Lifts all Boats”
The phrase originally comes from a speech made by President John F. Kennedy.
Generally, when he used the expression, JFK was referring to the need for all Americans to work together towards a shared future.
In fact, JFK did not originate the phrase; it was originally a fisherman’s expression.
Kennedy acknowledged that, saying, “As they say on my Cape Cod, a rising tide lifts all the boats.”
The phrase was the New England Council’s slogan.
Decades later, Ronald Reagan used the same phrase to advocate for what became known as his “trickle down” economic policies.
Reagan’s view was that if the wealthiest Americans were given favorable tax policies, they would be in a position to hire more employees and benefit the overall economy.
Years later, President Donald Trump’s top economic advisor, Larry Kudlow, used the phrase to talk about what he said were the benefits of the Trump economy:
It was a roaring success, inheriting a stagnant economy on the front end of recession, the program of tax cuts, historic roll back of onerous regulations that crippled small business, unleashing energy to become the world’s number one producer, and free, fair, and reciprocal trade deals to bolster manufacturing, agriculture, technology and other sectors.
The economy was rebuilt in three years. Unemployment fell to the lowest rate of 3.5 percent. Blue collars, African-Americans, Hispanics, women, all groups benefited enormously. Everyone was better off, a rising tide lifted all boats.
President Obama used the phrase too, but came under fire for it.
Speaking to BET, a Lehigh university professor charged that the “rising tides” view didn’t fit with the reality of America’s built-in inequalities:
“The reality is that Black people have leaking boats, so a rising tide doesn’t lift all of our boats: unemployment is a leaking boat, the prison industrial complex is a leaking boat, public education a leaking boat,” James Peterson said. “So if you want to lift all boats, you’ve got to plug some of those holes. Imagine how radically we could address the unemployment situation if we focused on Black and brown men who are most likely to be unemployed.”
Later, President Joe Biden called on the nation to return to the vision that JFK had set out:
“We’ve lost sight of what President Kennedy told us when he said, “A rising tide lifts all boats.” And when we lift each other up, we’re all lifted up. You know, and the corollary is true as well: When any one of us is held down, we’re all held back. More and more economic studies in recent years have proven this, but I don’t think you need economic studies to see the truth.”
Use of “Rising Tide Lifts all Boats” in a sentence
- Advocates of economic policies based on the belief that a rising tide lifts all boats argue that by promoting overall economic growth and prosperity, everyone in society, regardless of their socio-economic status, will benefit and see improvements in their well-being.
- Politicians often employ the rhetoric of a rising tide lifts all boats to emphasize their commitment to policies that aim to create broad-based economic opportunities, reduce inequality, and uplift disadvantaged communities, with the belief that the benefits will trickle down to all segments of society.
- Critics, however, contend that the notion of a rising tide lifting all boats can oversimplify the complexities of economic inequality and fail to address the structural barriers and disparities that prevent certain individuals or communities from experiencing the full benefits of economic growth.
Taegan Goddard is the creator of the Political Dictionary.
Goddard spent more than a decade on Wall Street as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he also served as a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won – Now What?: How Americans Can Make Democracy Work from City Hall to the White House, a political management book hailed by prominent journalists and politicians from both parties.
His essays on politics and public policy have appeared in dozens of newspapers and magazines across the country.
Goddard earned degrees from Vassar College and Harvard University.
He lives in New York with his wife and three sons.