4min chapter

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What’s the future of capitalism?

LSE IQ podcast

CHAPTER

Tax Cuts for the Rich

Research shows that cutting taxes for the rich has no effect on economic growth or unemployment. It simply makes rich people richer, increasing income in equality in modern capitalist economies. David and julian are now following up this research by investigating why ordinary people support tax cuts for the rich. They think it probably has something to do with the importance of studying economic history.

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