Dig into trickle-down economics, which claims that tax cuts for corporations and the wealthy stimulate the economy and improve people's lives.
In 1981, the US economy was struggling: unemployment rates were climbing and inflation had peaked at an all-time high. To combat these issues, President Reagan introduced a number of economic policies, including tax cuts for large corporations and high-income earners. But did these policies actually stimulate economic growth or improve circumstances for Americans? JonathanSmith investigates.
Support The Non-Profit Mission ------------ Support on Patreon: bit.ly/TEDEdPatreon Check out the merch: bit.ly/TEDEDShop ------------
Connect With Us ------------ Sign up for the newsletter: bit.ly/TEDEdNewsletter Follow on Facebook: bit.ly/TEDEdFacebook Find on Twitter: bit.ly/TEDEdTwitter Peep on Instagram: bit.ly/TEDEdInstagram ------------
Keep Learning ------------ View full lesson: ed.ted.com/lessons/does-trickle-down-economics-actually-work-jonathan-smith Dig deeper with additional resources: ed.ted.com/lessons/does-trickle-down-economics-actually-work-jonathan-smith#digdeeper
Animator's website: movult.com ------------
Thank you so much to the patrons for your support! Without you this video would not be possible! Helen Lee, pam morgan, sarim haq, Juan Pablo Rodriguez Morales, ANNE FINE, Gerardo Castro, Siddharth Toshniwal, Michel-Ange Hortegat, Enes Kirimi, Amaury BISIAUX, Aravind C V, ND, Samyogita Hardikar, Vanessa Graulich, Vandana Gunwani, LvL042, Abdulmohsin Almadi, Andrew Brodski, AJ Lyon, Anandha Krishnan, Geoffrey Bultitude, Mi Mi, Thomas Rothert, Christopher McVay, Carlo Solaroli, Javier Aldavaz, Ivan Yeung, Brian Elieson, Grayson Garbarino, Oge O, Weronika Falkowska, Stefano Esposito, Nevin Spoljaric, Yvonne Feijoo, Sid Chanpuriya, Arjay Arcinue Dineros, Anoom Yasmin, Anoop Varghese, David Yastremski, Noah Webb, B, Erica Guerrero, Roberto Chena, Oliver Koo, Luke Pisano, Andrea Gordon, Aleksandar Donev, Nicole Klau Ibarra, Milo Vermeulen and Ryan Weiler.