Wealth redistribution, not tax cuts, is key to economic growth.

The existence of two regimes prior to and after 1980 is consistent with fiscal policy changes in the early 1980s, including a reduction of taxes for high income persons. An equally bold change in policy is needed to stabilize economic growth today.

This video was adapted from a New England Complex Systems Institute research paper: “Preliminary steps toward a universal economic dynamics for monetary and fiscal policy.”