Showing posts with label trickle down economics. Show all posts
Showing posts with label trickle down economics. Show all posts

Wednesday, September 21, 2022

Liz Truss Urges World Leaders to Follow UK with Trickle Down Economics

THE GUARDIAN: Reports that stamp duty will be cut with PM to use UN speech to argue for far-reaching tax reductions, putting her at odds with Joe Biden

A screenshot of Liz Truss taken from the accompanying video.

Liz Truss is to urge world leaders to join Britain in introducing far-reaching tax cuts despite US president Joe Biden pouring scorn on “trickle down economics” ahead of their first bilateral talks in New York.

In a speech to the United Nations on Wednesday, the prime minister will argue the free world must prioritise economic growth to deny authoritarian states like Russia the chance to manipulate the global economy.

However, her embrace of Reaganite economic policy puts her on a collision course with the Democratic president who tweeted yesterday that he was “sick and tired” of the approach, which he claimed had never worked. With video » | Pippa Crerar in New York | Tuesday, September 20, 2022

What an uninformed prime mnster we have! Has she not learnt yet, after all these years, that “trickle down” economics is a myth? It simply doesn’t work. Poor lass! And poor electorate, of course! – © Mark Alexander