Does trickle-down economics actually work? - Jonathan Smith
Does trickle-down economics actually work? - Jonathan Smith with tags trickle down economics, trickle down, economics, economic policy, reaganomics, reagan, ronald reagan, us economy, inflation, tax cuts, tax breaks, taxes, economic growth, job creation, tax revenue, tax rate, tax policy, income tax, tax brackets, supply side economics, london school of economics, top 1 percent, wealth, stimulus, american economy, education, animation, finance, financial literacy, jonathan smith, gavin edwards, movult, ted, ted-ed, ted ed, teded, ted education
Dig into trickle-down economics, which claims that tax cuts for corporations and the wealthy stimulate the economy and improve people's lives.
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In 1981, the US economy was struggling: unemployment rates were climbing and inflation had peaked at an all-time high. To combat these issues, President Reagan introduced a number of economic policies, including tax cuts for large corporations and high-income earners. But did these policies actually stimulate economic growth or improve circumstances for Americans? Jonathan Smith investigates.
Lesson by Jonathan Smith, directed by Gavin Edwards, Movult.
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