'Fair Share'? The Simple Economics Explanation that Debunks Them All...
From Bernie Sanders to Hillary Clinton, Obama to Elizabeth Warren, the meme is the same. "Fairness" is all of us being equally miserable and equally poor. Whoops, that's the punchline. Here's the setup: Democrats are always whining about the rich paying their "fair share," but they're not telling the entire story. Turns out, details matter. Watch this time-coded video from our latest show for a darn good explanation:
Here's a flashback reminder to when math actually made sense: grade school. There you are, young, carefree, semi-innocent, learning the multiplications and divisions. To make a point, maybe your teacher asked you "Which would you rather have, half of zero, or a quarter of 10?" Wait... that's fractions. Dang it. Math is hard.
Having a quarter of ten is always more than half of zero. The same pans out for the economy. It is not a fixed number, the economy. It can be grown, where a larger pie is enjoyed by more, thus making even the smaller pieces larger. Since we're in fall, imagine the pie is pumpkin. MMMmmmmm, pumpkin. Where once your pumpkin was a small personal size baked in a ramekin and you split it with your mom, if the pie grows, to a normal size pie, and you enjoy one fourth of the larger pie with three other people, you're technically getting a "smaller fraction of the pie," but the pie is larger. Especially if you add whipped cream. Then it's taller.
Nutmeg and allspice aside, the same applies to the economy. So when liberals bitch and moan about "smaller fractions," they're ignoring the bigger pie. But that's liberalism for you. Facts, math? Don't bring them up. Even if it's pumpkin pie.