Just want to clarify my comment on Trickle down.
We have the highest number of billionaires in London, of any city.
One would expect the trickle down effect to be significant.
Regrettably not. Why, because most of the wealth is off shore. Some estimates put it at around 130 trillion. If all that money was on shore, would we need austerity?
I wonder.
So is reducing corporation tax a way of helping to solve our problems?

King Lodos
Without attempting to define trickle down, it is obviously not working when during austerity the rich get richer and the poor get poorer (consider the number of food banks and their meals served)
As regards spending patterns
-the billionaires do not live here permanently but spend a lot of their time abroad jetting around in their private jets. The poor are here all the time spending any money they have all in this country all the time. The propensity to spend in this country of the poor is much higher than that of the billionaires. They also impact on the velocity of circulation, as they spend all their money immediately e.g. benefits.
- the billionaires have savings and money off shore, as well as the ability to pick and chose which country to buy things, so the amount of their spending is questionable.
-many of them prefer Monte Carlo to Britain
-Also the billionaires distort the housing market, especially London and South East driving up prices, making it difficult for Britons to buy property.
As regards Companies moving abroad, Brexit is an issue. Secondly wages abroad are an issue, cheaper in many countries of the EU than here. There is more to Cos moving abroad than just tax breaks, especially considering the number of tax havens available to them.

Wages abroad are cheaper or dearer or the same as here, depending on which EU country you are referring to.

Another factor is regulation and taxation, which has led to many French people coming here to work or set up businesses, since the regulations and tax in France are significantly more off-putting to business than they are here (this comparison applies only while Corbyn is not in charge).

Well the way we're dealing with sluggish economic growth at this phase in the debt cycle is with QE.

And no one really knows if this works yet .. It was inspired by Japan, and the likes of Bernanke argued that inflating asset prices would inflate the economy .. I think the jury's out on that – but of course one effect is asset owners (generally wealthier) get wealthier .. But this isn't to be confused with austerity.

Austerity usually hits the poor the hardest – but then we can't forget the upside of 20 years of capitalism is nearly a doubling in real wages for most of the world's population (with the only group getting slightly poorer since the 80s being your stereotypical Trump and Brexit voters – Developed world working classes).

Time you stopped spamming an investors' forum with disingenuous socialist claptrap, pretending that you were ever reasonably open-minded.

People are wiping the floor with your arguments and you come back for more. I'd be willing to bet that if a bright student ever interpreted the facts in the way that King Lodos has above, you'd mark that student down.

If you're really a professor teaching our young people, it's sad, but not unexpected, to find someone of that persuasion in education. Hopefully as they grow up in the real world and see consequences in action, they'll change their minds. In fact, that's what tends to happen with votes for socialist parties as people get experience and grow older and wiser. Not everyone though...