ReConsider Media combines podcasts and articles to discuss international and domestic politics, political structures, and the news of today. We strive to provide a reliable, unbiased resource for processing information and understanding the context around many of the issues we face.
Challenge the conventional wisdom on critical politics issues and reconsider politics with us.
We've had a few readers ask why Congress wanted to lower corporate tax rates in the US. In particular, US corporations already have record-setting profits--why do they need more money? Should we, instead, be raising taxes on corporations? Indeed, plenty of articles make the case that the corporate tax cuts won't create jobs at all.
The problem with these articles is that their counter-arguments are all arguing against the wrong argument. The logic behind a corporate tax cut is not in fact, "more corporate profits will mean more jobs."
If that's not the argument, what is?
Politics tap into an unusual mixture of reason and emotion. We want to have the right answer, which requires a neutral interpretation of information and events. However, it is human nature to want to feel like we have the right answer, especially when the topic is something we care deeply about.
There is a disconnect between the pure detachment required for cool-headed discussion and the often uncontrollable emotions that are part of our nature. This is why an impassioned speech can sway huge groups of individuals better than an exceptionally well-informed but detached policy paper.
How can we train ourselves to think more effectively about politics?
In the last post, we explored some different common hypotheses behind the observed phenomenon of a growing gap between worker productivity and worker pay.
Today we'll look at how tough it is to explain this gap based on how hard it is to measure different parts of the graph--and, luckily, find a few places that seem a little more pinned down.