Liberals Are Economically Illiterate
Channel: Logan Liberty
Date: 08/05/2018

Source: https://www.salon.com/2018/04/24/corporate-welfare-state-gop-tax-plan-showers-millionaires-with-17-billion-tax-break/
Corporate welfare state: GOP tax plan showers millionaires with $17 billion tax break

Sometimes I come across things and can’t help to facepalm. That was definitely the case with this Salon.com article titled “Corporate welfare state: GOP tax plan showers millionaires with $17 billion tax break.” I read this and almost laughed myself to death. I never thought that some people could be so economically illiterate. Let’s dive right in.

“The biggest winners of the Republican tax plan are — surprise, surprise — the richest earners in the country.”
This is a sentence made to elicit an emotional response in order to make you envy the rich. Let’s be clear about what is actually happening here in non-emotional terms. The Republicans tax plan was essentially a tax cut across the board. Therefore, anyone who earns an income will potentially keep more of the money from their income. And the way our tax system works, the more money you make, the more taxes you pay. The more you make, the larger the percentage you pay in taxes and the more raw dollars you pay. Therefore, if there’s a tax cut, someone who earns more, will see a larger amount of cash in their bank accounts. This is common knowledge. But, of course, simple concepts can be worded in a way that makes you sick to your stomach. 

“In news that should surprise nobody, the Joint Committee on Taxation report released on Monday showed that the wealthiest earners in America will rake in more cash and reap the majority of the benefits in 2018 as a result of the tax plan passed last December.”
The way this is written, it makes it sound like there is a bunch of money, and the rich are just forking it all up. Hidden deep in this paragraph, is the concept I explained above, but again, it is written in such a way, where it makes you envy the rich. It makes you believe you have been cheated. Why are these rich people being given all this money?
This isn’t the case. The wealthiest will get more money back because they pay a higher tax rate. This again, is a simple concept. 
Not only that, what benefits? Seriously, what benefits are they being given? By having less money taken from their income? 

About Logan For Liberty: 
Logan for Liberty is my youtube channel where I talk about anything from culture to politics. I have a deep passion for media, economics, and politics. 
If I had to label myself, I'd write you a novel. I give myself different labels as sometimes it is hard to pin me down. 
I'll start with my party affiliation; I consider myself a political party Independent, but I am currently registered with the Libertarian Party. I have registered as a Republican so I could vote for Rand Paul in the primaries. So, for all the labels that apply to me, I am a constitutionalist, classical liberal, constitutional conservative, libertarian, libertarian republican, and indipendent. 
I don't subscribe to libertarian doctrine because I believe in ideaology; I subscribe to libertarian doctrine because through an issue-by-issue analysis I have found that Libertarianism best suits my beliefs. 
With that being said. 
I try to give you my honest opinion and make my biases obvious. I like to talk about the principles of Liberty and Classical Liberalism. Economic freedom and individualism is the way we progress towards a better and more prosperous future. 
I love abstract ideas; I am willing to explore such ideas! 
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