Short: Taxing the Rich is Good, Actually (Patreon)

Taxing the Rich is Good, Actually #Shorts

For decades, politicians have asked us to put our faith in "trickle-down" economics, telling us that tax cuts for the super rich encourage economic growth and job creation. A new study by researchers from the London School of Economics and King's College London which investigated the effects of 50-years-worth of lowering taxes on the super rich, however, shows that, whilst slashing taxes on the 1% consistently increases income inequality in favour of millionaires and billionaires, it has NEVER created jobs or boosted the economy for anyone else. What this shows is that "trickle down" economics may have been good politics for figures such as Ronald Reagan, Margaret Thatcher and Donald Trump, but it has never been good economics. Perhaps it's about time to tax the rich then. A video by Tom Nicholas. #shorts #politics #tomnicholas Support the channel on Patreon at http://patreon.com/tomnicholas If you've enjoyed this video and would like to see more including my What The Theory? series in which I provide some snappy introductions to key theories in the humanities as well as video essays and more then do consider subscribing. Thanks for watching! Twitter: http://twitter.com/tom_nicholas Instagram: http://instagram.com/tomnicholaswtf Patreon: http://patreon.com/tomnicholas Website: http://www.tomnicholas.com/