Do tax cuts invigorate the economy? - Jonathan Smith

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? Jonathan Smith investigates.Lesson by Jonathan Smith, directed by Gavin Edwards, Movult.Support Our Non-Profit Mission----------------------------------------------Support us on Patreon: http://bit.ly/TEDEdPatreonCheck out our merch: http://bit.ly/TEDEDShop----------------------------------------------Connect With Us----------------------------------------------Sign up for our newsletter: http://bit.ly/TEDEdNewsletterFollow us on Facebook: http://bit.ly/TEDEdFacebookFind us on Twitter: http://bit.ly/TEDEdTwitterPeep us on Instagram: http://bit.ly/TEDEdInstagram----------------------------------------------Keep Learning----------------------------------------------View full lesson: https://ed.ted.com/lessons/does-trickle-down-economics-actually-work-jonathan-smithDig deeper with additional resources: https://ed.ted.com/lessons/does-trickle-down-economics-actually-work-jonathan-smith#digdeeperAnimator's website: https://www.movult.com----------------------------------------------Thank you so much to our 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. Learn more about your ad choices. Visit megaphone.fm/adchoices