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| Name | Trickledown Economics: Kwasi Kwarteng's Budget Analysis |
| Video Uploader | Video From Institute of Economic Affairs |
| Upload Date | This Video Uploaded At 26-09-2022 14:35:12 |
| Video Discription | Last Friday’s mini-budget has been dubbed “Trickle Down Economics”, but how accurate is this? IEA Economics Fellow Julian Jessop explains that “Trickle Down Economics” is about the demand side of the economy, stipulating that if you give more money to the rich, it will somehow trickle down to the rest of the economy. “Trickle Down Economics”, to the extent that it means anything, focuses on stimulating economic growth by lowering taxes and allowing the market to work. On the surface, cutting taxes initially benefits those who earn the most. However, this is because if you earn more, you pay more tax to begin with. FOLLOW US: TWITTER - https://twitter.com/iealondon INSTAGRAM - https://www.instagram.com/ieauk/ FACEBOOK - https://www.facebook.com/ieauk WEBSITE - https://iea.org.uk/ |
| Category | Nonprofits & Activism |
| Tags | kwasi kwarteng | kwasi kwarteng speech | kwasi kwarteng economics | prime minister | politics | liz truss | cost of living crisis | economy | energy crisis | economics | trickle down | tax cuts | budget | supply and demand | inflation | market | recession | gdp | economic growth | employment | economist | goods and services | interest rates | inflation cpi |
