Comments by "Greg Greg" (@SlowhandGreg) on "A Gambler's Streak?: What drives Chancellor Kwasi Kwarteng - BBC Newsnight" video.

From the LSE you know those people that know a thing or two about economics Keeping tax low for the rich does not boost economy Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London. Researchers say governments seeking to restore public finances following the COVID-19 crisis should therefore not be concerned about the economic consequences of higher taxes on the rich. The paper, published by LSE’s International Inequalities Institute, uses data from 18 OECD countries
3
@aclark903 are you seriously trying justify this thievery withh that comment
2
@sebastianguerre6868 The laffer curve and Reganomics have been debunked so many times by 40+ years of real world data its regarded as junk Read Arguing with Zombies by Paul Kruger Nobel winning economist Recent examples 2015 Cameron tax cuts - result debt ballooned to 92% GDP economy stagnant 2017 Trump corporate tax cuts - result sugar highed the stock market which has since self corrected by - 1/4 ballooned the debt and the increased money supply is sloshing round the economy causing part of their inflation. Recent study by the LSE Keeping tax low for the rich does not boost economy Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London. Researchers say governments seeking to restore public finances following the COVID-19 crisis should therefore not be concerned about the economic consequences of higher taxes on the rich. The paper, published by LSE’s International Inequalities Institute, uses data from 18 OECD countries, including the UK and the US, over the last five decades
1