07/17/2017

Wow! PewDiePie Educates 56 Million Subscribers On Gender Pay Gap Myth [Watch]

Andrew Moran, Economic Collapse News

Certainly you should never get your economics education from an entertainment YouTube channel. That said, it is interesting when a channel has tens of millions of subscribers and they are able to open up the minds of many of their viewers.

This week, PewDiePie, who runs the biggest YouTube channel, briefly discussed how the gender pay gap is merely a myth, and nothing more. Although he didn’t go into full detail like libertarian economists would, it is a great first step to so-called red-pill millions of young people.

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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).

 

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