Here is a political meme that has been making the rounds on social media:
I agree with this one of this meme’s main points–the federal government spends too much on corporate welfare. But its numbers are way off.
- The biggest tax most $50,000 earners pay is the 15.3 percent FICA tax, which pays for Social Security and Medicare. That’s $7,650 on a $50,000 income, and it isn’t in the meme’s list.
- Medicare, at 2.9 percentage points of the 15.3% FICA tax, costs $1,450 on a $50,000 income, not $235.81–plus premiums, if applicable. The meme is wrong here by more than six-fold. Not six percent, six-fold.
- Spending $4,000 on corporate welfare implies that about 8 percent of national income goes to corporate welfare, or about $1.7 trillion. The actual figure is likely between $100 and $200 billion–a precise figure is impossible due to a lack of government transparency, and disagreements over definitions. Even allowing for substantial wiggle room, here the meme is off by as much as 10-fold. That is an entire order of magnitude.
- A $50,000 earner spending $247.75 on military spending implies a military that spends more than $1 trillion. That is about $300 billion higher than the actual figure. The meme is wrong here by almost half. Though to be fair, much military spending is corporate welfare, and is unnecessary for national security besides.
Again, this meme makes a point I agree with about corporate welfare. It confirms my priors. But it does so dishonestly. Its numbers are wrong, often by multiples. And its errors all favor the point it tries to make. That one-sided tilt means its mistakes are probably not just random error. Whoever made it is hurting a good cause.
I’ve said it before, and I’ll say it again. Politics-by-meme is harmful. Do not engage in it. Political memes are as bad as cable news. Their numbers are often dodgy. Their primary accomplishments are feeding confirmation bias while intensifying people’s unhealthy tribal tendencies to affirm one’s in-group affiliation while vilifying out-groups. Political memes add heat without light at a time when the opposite approach is badly needed.