Does trickle-down economics actually work? – Jonathan Smith

From TED Ed.

Dig into trickle-down economics, which claims that tax cuts for corporations and the wealthy stimulate the economy and improve people’s lives.

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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