With a humorous video, the British Labour Party delivered a succinct message to voters on Monday: offering tax cuts to the rich while cutting social programs hurts communities and does nothing to promote economic growth.
Labour released its latest video on social media three days ahead of the country’s local elections to urge voters to reject the Conservative Party’s familiar claims that cutting taxes for corporations and the wealthy will encourage companies to hire more workers and hand out raises.
The woman narrating the 2.5-minute video begins by explaining, “Today we’re going to find out who’s better for the economy. Ordinary people…or billionaires?”
With raises, business loans, and financial support for those unable to work, five working Britons are given back the money they lost thanks to austerity measures pushed by the Conservatives. The quintet quickly put that money back into their local economies.
Meanwhile, a billionaire is given a tax cut that he simply pockets, musing that he’ll most likely “send it to the Cayman Islands with the rest, I guess.”
“So as you can see, getting money into the hands of ordinary people does a lot more for the economy than giving tax cuts to billionaires,” the narrator says. “Let’s rebuild Britain for the many, and not just the few.”
About 84 percent of the income tax cuts introduced last year benefited the top half of British earners, while government maintained billions of pounds in welfare cuts introduced in 2015 and added a £1.5 billion benefit freeze, taking about £200 from families in the bottom half of income distribution.
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