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Does a government deficit help the rich?

It pays for free education, health and welfare. But does a government deficit also help the rich get richer?

You would assume that government spending is largely designed to help those on lower incomes. The NHS was designed to ensure free healthcare for all. The same for public education. And for welfare payments. So, I theory, the more the government spends, the more wealth is transferred to lower incomes.

This week Phil and Steve explore the idea that rising …

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