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De Omnibus Dubitandum - Lux Veritas

Friday, July 5, 2019

Hard to say what journalists are worse at: economics or telling the truth?

So much disinformation, so much ignorance.

July 4, 2019 By Jack Hellner

Democrats spread many falsehoods while they seek to remake America and move it toward socialism, with the government amassing much more money and power for itself. They denigrate capitalism and corporations on a continuous basis. Sadly, journalists, instead of fact-checking the Democrat talking points, repeat the falsehoods as they mislead the public, especially the young.

Democrats continually tell the public that CEOs make hundreds or thousands of times the average worker, but that is an outright lie. According to the Bureau of Labor Statistics:
  • The average CEO makes $190,000, which is around four times the average $900 per week that the average worker makes, and the average executive makes a little over two times the average worker.
  • The median pay for 2,572,000 top executives in May 2018, according to Bureau of Labor Statistics, was $104,980.
  • The median pay of CEO's of all companies, small, medium, and large, was $189,600.
Meanwhile, all members of Congress get a minimum of $174,000, with Pelosi making $223,500, and their pension and other benefits dwarf the pay and benefits of the average CEO as well as executives of small, medium, and large companies.

Is that fair or excessive?

Democrats tell the American public that the rich are getting richer while others have not moved up the economic ladder.  Those are also bald-faced lies because in capitalism, people move up and down the economic ladder.

Jeff Bezos, Bill Gates, Warren Buffett, and most other wealthy people have moved up the economic ladder because of capitalism, not because of dependence on government.............To Read More

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