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Inequality: Are the rich cashing in? - Head to Head - Al Jazeera English

"You don't want to make the rich poor; you want to make the poor
richer," says Arthur Laffer, an economist who laid the intellectual
foundations for Ronald Reagan and Margaret Thatcher's right-wing
policies in the 1980s.

It is not true that Congress spends money like a drunken sailor.
Drunken sailors spend their own money. Congress spends our money.


But should we really be cutting services to the poor while we cut
taxes for the rich? Has the spread of 'Reaganomics' really helped the
world's poor?
In this episode of Head to Head, Mehdi Hasan challenges
Arthur Laffer on whether free market economics still makes sense in the
wake of the financial crisis, and on his famous 'Laffer Curve,' through
which he advocates cutting taxes on high earners.
Arthur Laffer has been described as "the father of supply-side economics".
Joining the discussion are Ann Pettifor, Director of Policy Research
in Macroeconomics (PRIME), Faiza Shaheen, Head of Inequality at Save the
Children UK, and Adam Memon, Head of Economic Research at the Centre
for Policy Studies.
Inequality: Are the rich cashing in? - Head to Head - Al Jazeera English