Fifty years of tax cuts for rich didn’t trickle down, LSE says

Written by Gontran de Quillacq

Gontran de Quillacq is an expert witness and a legal consultant. He is a recognized authority in options, trading, derivatives, structured products, portfolio management, hedge funds, mathematical finance, quantitative investment, strategy research and financial markets in general.

December 25, 2020

That will not be to everybody’s taste…

A study from the London School of Economics of 18 OECD countries over the last 50 years confirms that reducing taxes only impacts those directly touched by the tax, and has no benefit to anyone else. Tax cuts increase inequality with no impact on economic growth and unemployment.

In an environment where debt has been raising and the pandemic costs need to be financed, the study confirms that taxes can be used without impacting the economy. 

Credits to Craig Stirling at the Bloomberg Wealth Magazine

3 Comments

  1. Gontran de Quillacq

    My topics are sometimes difficult, and not everybody can afford the same candor as I can. One of my contacts asked me to post the following three videos from Nick Hanauer (one of the early non-family investors in Amazon), and so I am posting them in her name.
    Here is the third one:
    https://www.youtube.com/watch?v=th3KE_H27bs

    Reply
  2. Gontran de Quillacq

    My topics are sometimes difficult, and not everybody can afford the same candor as I can. One of my contacts asked me to post the following three videos from Nick Hanauer (one of the early non-family investors in Amazon), and so I am posting them in her name.
    Here is the second one:
    https://www.youtube.com/watch?v=q2gO4DKVpa8

    Reply
  3. Gontran de Quillacq

    My topics are sometimes difficult, and not everybody can afford the same candor as I can. One of my contacts asked me to post the following three videos from Nick Hanauer (one of the early non-family investors in Amazon), and so I am posting them in her name.
    Here is the first one:
    https://www.youtube.com/watch?v=bBx2Y5HhplI

    Reply

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