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

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