50 years of tax cuts for the rich have failed to trickle down

Tax cuts for the wealthy in some of the most affluent countries on the planet only served to help the rich, a study into 'trickle-down economics' found. Research by David Hope of the London School of Economics and Julian Limberg of King's College London in 2020 examined 18 developed countries from Australia to the United States, finding that the incomes of the rich grew much faster in countries where tax rates were lowered. What's more, rather than trickling down to the middle classes, the tax cuts accomplished little more than helping the rich keep more of their riches and exacerbated income inequality.

"Based on our research, we would argue that the economic...



Jack Peat.