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By Gontran de Quillacq
On December 25, 2020

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

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.

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

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