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792. The Rick Thompson Report: LIZ TRUSS (16 October 2022)

Luke's ENGLISH Podcast - Learn British English with Luke Thompson

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Drop Tax for the Richest People

Trickle down economics is the idea that if you support big businesses by cutting tax, that it essentially trickles down through society all the way down. I think most economic experts would say it has been proved that it doesn't work more than once. What happens is if you actually let people who live in the society have access to that money is that they use it and spend it on everything. So trickle down, I think it's been proven to be nonsense because it is nonsense. Drop tax for the most richest people actually dropped tax for everybody by 1% of income tax,. not go ahead with a planned increase in corporation tax.

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