Study Shows Billionaire Tax Cuts Don’t Work To Grow Economies

A new study shows that tax cuts for billionaires don’t lead to economic growth, despite what Republicans have said for decades.

“Tax cuts for rich people breed inequality without providing much of a boon to anyone else, according to a study of the advanced world that could add to the case for the wealthy to bear more of the cost of the coronavirus pandemic.

The paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, found that such measures over the last 50 years only really benefited the individuals who were directly affected, and did little to promote jobs or growth.” [READ MORE]