04/04/2017

Ben Shapiro Takes Bernie Sanders To School With Lesson In Economics And Reality

Chris Enlo, The Blaze

Conservative commentator Ben Shapiro took Sen. Bernie Sanders (I-Vt.) to school on Twitter over the weekend after the self-described democratic-socialist senator tweeted about “income inequality.”

“38 years ago, the top 0.1% owned about 7% of our nation’s wealth. Today, that same 0.1% owns 22% of the wealth,” Sanders tweeted Saturday afternoon.

But facts may stand in the way of Sanders’ tweet. According to Shapiro, every American is more wealthy than they were 38 years ago, or in 1979. In addition, Shapiro noted that the upper middle class has grown since then.

“In 1979, life expectancy was 7 years shorter, and upper middle class was 12% of US (today 30%). We’re all richer,” Shapiro tweeted back at Sanders.

But Shapiro wasn’t done. When one Twitter user disagreed with Shapiro and said America isn’t richer and that median income has declined over the last four decades, Shapiro hit back strong.

“Except for how we have cellphones, computers, air conditioning, larger living spaces on average, you’re right,” he wrote.

Read full article



You May Also Like:

The IG Report Is Our Best Shot At The Truth About Hillary's Emails (And It Could Be Explosive) [Watch] Jason Chaffetz, Fox News

Trump’s Trade Confusion Editorial Board, The Wall Street Journal

Let’s Hope The Trump-Kim Summit Stays Cancelled Rich Lowry, New York Post

Masters Of The Universe: Leaked Documents Show Facebook’s Internal Turmoil About ‘Hate Speech’ Lucas Nolan, Breitbart

Trump’s Best Move Yet—Easing Rules To Fire Bureaucrats Stephen Kruiser, The American Spectator

The Race To Be The Next Speaker Haley Byrd, The Weekly Standard

The New Starbucks Bathroom Policy Is A Terrible Idea [Watch] Katherine Timpf, National Review

TOTALITARIAN IN NYC: De Blasio Issues ‘Cultural Plan’ Linking Museum Funding To Skin Color Ben Shapiro, The Daily Wire

These California Rebels Are Working With Trump, Not Against Him Jarrett Stepman, The Daily Signal

Why Conservatives Shouldn’t Fear That Obama-Netflix Deal [Watch] Christian Toto, Hollywood In Toto

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 3.93%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central April Year-to-Year: 2.46% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section