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Big Lies in Politics (Thomas Sowell)
Creators Syndicate ^ | July 31, 2012 | Thomas Sowell

Posted on 07/30/2012 9:12:10 AM PDT by jazusamo

It was either Adolf Hitler or his propaganda minister, Joseph Goebbels, who said that the people will believe any lie, if it is big enough and told often enough, loud enough. Although the Nazis were defeated in World War II, this part of their philosophy survives triumphantly to this day among politicians, and nowhere more so than during election years.

Perhaps the biggest lie of this election year, and the one likely to be repeated the most often, is that the income of "the rich" is going up, while other people's incomes are going down. If you listen to Barack Obama, you are bound to hear this lie repeatedly.

But the government's own Congressional Budget Office has just published a report whose statistics flatly contradict this claim. The CBO report shows that, while the average household income fell 12 percent between 2007 and 2009, the average for the lower four-fifths fell by 5 percent or less, while the average income for households in the top fifth fell 18 percent. For households in the "top one percent" that seems to fascinate so many people, income fell by 36 percent in those same years.

Why are these data so different from other data that are widely cited, showing the top brackets improving their positions more so than anyone else?

The answer is that the data cited by the Congressional Budget Office are based on Internal Revenue Service statistics for specific individuals and specific households over time. The IRS can follow individuals and households because it can identify the same people over time from their Social Security numbers.

(Excerpt) Read more at creators.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: cbo; envy; irs; obama; obamanomics; rich; sowell; taxes; thomassowell

1 posted on 07/30/2012 9:12:19 AM PDT by jazusamo
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To: jazusamo

What else is to be expected from the party that brought us the biggest FRAUD in American history.


2 posted on 07/30/2012 9:14:19 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: jazusamo

Does anyone else find it interesting that the rich are getting richer when the general public is spending less and less? How does this work?


3 posted on 07/30/2012 9:16:35 AM PDT by RC2 (http://www.youtube.com/watch?v=nDMeDmV0ufU)
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To: abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
*PING*
Thomas Sowell

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Recent columns
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Please FReepmail me if you would like to be added to or removed from the Thomas Sowell ping list…

4 posted on 07/30/2012 9:18:08 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

Now, I’d vote for Sowell for prez in a heartbeat.

As for the Obamadork...as Thumper’s mother said, “If you cannot say anything nice, don’t say anything at all.”

Oh, what the heck...the Obamadork is a cretinistic idiot that should shove his head up his smelly Obama, take a deep breath, and hold it.


5 posted on 07/30/2012 9:28:17 AM PDT by Da Coyote
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To: jazusamo

Thanks for the ping


6 posted on 07/30/2012 9:49:47 AM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: RC2

What are you writing about? If the CBO says the most highly compensated are earning less, then they are not getting richer than those in less-well-compensated tranches lower down. So they aren’t getting richer.

So what are you typing about?


7 posted on 07/30/2012 10:21:15 AM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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To: jazusamo

Thanks for the ping jaz. He’s giving them “H” again. chuckle. I love this guy. He’s great.


8 posted on 07/30/2012 10:41:41 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: rockinqsranch

Amen! I love it when he calls out Zer0 and his cronies as liars.


9 posted on 07/30/2012 10:46:32 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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Please bump the Freepathon or click above and donate or become a monthly donor!

10 posted on 07/30/2012 10:47:31 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: BelegStrongbow

Exactly...The third paragraph is pretty clear to me.


11 posted on 07/30/2012 10:49:16 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo
I saw something the other day that said the Piketty and Saez have just issued a new report perpetuating this lie. The left uses those two idiots for all the “data” that support this lie. Dr. Sowell and Alan Reynolds tear their BS “data” apart in “Economic Facts and Fallacies” and “Wealth and Income”. Both books are great and I highly recommend them. They show very clearly the tricks that Piketty and Saez use to cook the numbers.
12 posted on 07/30/2012 11:07:11 AM PDT by r-q-tek86 ("It doesn't matter how smart you are if you don't stop and think" - Dr. Sowell)
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To: jazusamo
Too many people from Harvard, Yale and Princeton have done great damage to this country with its progressive indoctrination program of poly-sci, Law and government. The greatest concentration of graduates are in the Washington DC corridor. This is by far the biggest group-think conclave on earth.
13 posted on 07/30/2012 11:47:16 AM PDT by Warrior Nurse (I am an American Fighting Man, fighting to keep our country free from despots and idiots)
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To: BelegStrongbow

Exactly my point. In other words, how can the rich get richer, if no one is spending their money to purchase their products? Guess I didn’t make myself clear.


14 posted on 07/30/2012 11:47:39 AM PDT by RC2 (http://www.youtube.com/watch?v=nDMeDmV0ufU)
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To: RC2
Apparently you are on the wrong forum...or can't read.

Which is it?

15 posted on 07/30/2012 11:55:24 AM PDT by Osage Orange (8675309)
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To: Hotlanta Mike
What else is to be expected from the party that brought us the biggest FRAUD in American history.

Which one? I can think of at least 3 without giving it any thought.

Mark

16 posted on 07/30/2012 12:14:23 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: RC2

Oh, I see now. You were asking how anyone could try to make that case given the data.

Well, as we see in so many cases, facts are dispensible when a Democrat is speaking and it is racist/sexist/homophobic for anyone to even question what possible authority they might be relying upon.


17 posted on 07/30/2012 1:21:21 PM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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To: jazusamo
the data cited by the Congressional Budget Office are based on Internal Revenue Service statistics for specific individuals and specific households over time. The IRS can follow individuals and households because it can identify the same people over time from their Social Security numbers.

Most other data, including census data, are based on compiling statistics in a succession of time periods, without the ability to tell if the actual people in each income bracket are the same from one time period to the next. The turnover of people is substantial in all brackets — and is huge in the top one percent. Most people in that bracket are there for only one year in a decade.

All sorts of statements are made in politics and in the media as if that "top one percent" is an enduring class of people, rather than an ever-changing collection of individuals who have a spike in their income in a particular year, for one reason or another. Turnover in other income brackets is also substantial.

I don’t know if anyone else brought up the idea that the “poor quintile” is actually loaded with young people just starting out, and the “rich” quintile is loaded with mature people having a career year before Sowell did - but I don’t much care. Sowell is the one who pointed it out to me, and and as far as I’m concerned Sowell deserves the Nobel Prize.

18 posted on 07/30/2012 1:29:26 PM PDT by conservatism_IS_compassion (The idea around which “liberalism" coheres is that NOTHING actually matters except PR.)
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To: jazusamo
Thanks for the Ping.

"These transferrers are in both government and private social welfare institutions. They have every incentive to promote dependency, from which they benefit both professionally and psychically, and to imagine that they are creating social benefits."

They get paid, and get to feel good about "helping the little guy."

I saw an interview of Dr. Sowell on his book "The Thomas Sowell Reader" where he was asked, if he had a single piece of advice for "Obama." Tom's advice?: "Resign."

I know who I'd rather have a beer with. . .

19 posted on 07/30/2012 1:48:58 PM PDT by Flotsam_Jetsome (If America were a car, the "Check President" light would be on.)
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To: conservatism_IS_compassion
Good points and Sowell definitely deserves the Nobel Prize. He'll probably never see one but if presented one at he would have earned it.
20 posted on 07/30/2012 1:49:24 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: Flotsam_Jetsome
advice for "Obama." Tom's advice?: "Resign."

I saw that also. It was beautiful, he didn't even hesitate with the answer.

21 posted on 07/30/2012 1:52:46 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo
at least he would have earned it.
22 posted on 07/30/2012 1:58:40 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

Thank you for the post and ping.

“Resign.” If only.


23 posted on 07/30/2012 5:01:19 PM PDT by TheOldLady
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To: TheOldLady
“Resign.” If only.

Amen, TOL! And you're most welcome.

24 posted on 07/30/2012 5:30:13 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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