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Showing posts from December, 2016

Reversing Reich Rhetoric

An FB post from a friend claiming this video as an Econ and Politics 101 primer prompts my point-by-point rebuttal below: Reich is the king of cherry-picked half-truth and the twice-spun straw-man argument, even when he's accurate on his facts (which he's not always--that part often turns out to be "selective" too, and usually missing proper contextualization). Conservatives think that leaving more earnings in the hands of the earners makes sense, so yes, low taxes. Conservatives think that regulation should be done from the local level up, not from the federal level down, so yes, fewer regulations. But low wages has NEVER been part of the Conservative economic argument, instead the argument is that when employers are free to let the market choose the wages, wages tend to settle HIGHER. TX and KS are 25 and 26 for average income in 2014, CA was 3 , that much is true (although 25-26 are NOT bottom of the barrel, by any stretch). But, now ask how that tra