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#1
posted to rec.boats
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"John H" wrote in message
... Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.'Drinks for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33%savings). The seventh now pay $5 instead of $7 (28%savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!' The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v You would be among the four that don't pay. I'm certain of it. So, why do you care? |
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#2
posted to rec.boats
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On 08/05/2010 7:33 PM, nom=de=plume wrote:
"John wrote in message ... Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.'Drinks for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33%savings). The seventh now pay $5 instead of $7 (28%savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!' The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v You would be among the four that don't pay. I'm certain of it. So, why do you care? First person I though of at being at the botton welshers was you and pbuharic arguing about who was the most destitute of the two. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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#3
posted to rec.boats
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"Canuck57" wrote in message
... On 08/05/2010 7:33 PM, nom=de=plume wrote: "John wrote in message ... Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.'Drinks for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33%savings). The seventh now pay $5 instead of $7 (28%savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!' The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v You would be among the four that don't pay. I'm certain of it. So, why do you care? First person I though of at being at the botton welshers was you and pbuharic arguing about who was the most destitute of the two. -- There is a sucker born every minute, liberals and our politicians are counting on it. Right. I'm a welsher because I pay taxes and support the society I live in; whereas, you're just a poor idiot. |
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#4
posted to rec.boats
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On Sun, 9 May 2010 14:29:10 -0700, "nom=de=plume"
wrote: "Canuck57" wrote in message .. -- There is a sucker born every minute, liberals and our politicians are counting on it. Right. I'm a welsher because I pay taxes and support the society I live in; whereas, you're just a poor idiot. not only that, but when the rich game the system by excluding themselves from taxes (via lower capital gains), he thinks this is wonderful and the bill should be passed to the middle class |
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#5
posted to rec.boats
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On 09/05/2010 4:56 PM, bpuharic wrote:
On Sun, 9 May 2010 14:29:10 -0700, wrote: wrote in message . -- There is a sucker born every minute, liberals and our politicians are counting on it. Right. I'm a welsher because I pay taxes and support the society I live in; whereas, you're just a poor idiot. not only that, but when the rich game the system by excluding themselves from taxes (via lower capital gains), he thinks this is wonderful and the bill should be passed to the middle class Actually, capital gains is in the total picture a tax on wealth. Inflation tax if you will. For example, you buy a house @ $100,000. Then it is worth $200,000... same house same area. No changes. Materially 100% the same as when you bought it. Did it's value increase or did it's cost in dollars increase? In value, it hasn't changed a bit. In dollars, it costs twice as much due to inflation. But by your arguement you should pay full tax on $100k. If so, it is a tax on inflation and the net value in purchasing power has decreased by the amount you are taxed. But then if you graduated high school, I am sure they just wanted to get rid of you. As you obviously don't understand inflation. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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#6
posted to rec.boats
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On 08/05/2010 7:11 PM, John H wrote:
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.'Drinks for the ten now cost just $80. The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33%savings). The seventh now pay $5 instead of $7 (28%savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!' The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v And true. That is why business are not starting up hiring, and why many are a leaving. Finally got too much to be worthwhile. Too much rish and no gain, or as in many cases, too much losses to continue. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. Good post. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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#7
posted to rec.boats
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On Sat, 08 May 2010 21:36:42 -0600, Canuck57
wrote: And true. That is why business are not starting up hiring, guess he's too busy lying to notice business created 200,000 jobs last month...the most in years.. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. biggest spenders in history: conservatives |
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#8
posted to rec.boats
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On 09/05/2010 4:36 AM, bpuharic wrote:
On Sat, 08 May 2010 21:36:42 -0600, wrote: And true. That is why business are not starting up hiring, guess he's too busy lying to notice business created 200,000 jobs last month...the most in years.. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. biggest spenders in history: conservatives Your problem is you have to get the facts right first. Obviously you can't. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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#9
posted to rec.boats
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On Sun, 09 May 2010 08:20:11 -0600, Canuck57
wrote: On 09/05/2010 4:36 AM, bpuharic wrote: On Sat, 08 May 2010 21:36:42 -0600, wrote: And true. That is why business are not starting up hiring, guess he's too busy lying to notice business created 200,000 jobs last month...the most in years.. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. biggest spenders in history: conservatives Your problem is you have to get the facts right first. Obviously you can't. your problem is the only fact you care about is the fact unemployment's not at 25%. you have blinders on |
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#10
posted to rec.boats
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On 09/05/2010 8:29 AM, bpuharic wrote:
On Sun, 09 May 2010 08:20:11 -0600, wrote: On 09/05/2010 4:36 AM, bpuharic wrote: On Sat, 08 May 2010 21:36:42 -0600, wrote: And true. That is why business are not starting up hiring, guess he's too busy lying to notice business created 200,000 jobs last month...the most in years.. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. biggest spenders in history: conservatives Your problem is you have to get the facts right first. Obviously you can't. your problem is the only fact you care about is the fact unemployment's not at 25%. you have blinders on Actually, i would like unemployment to be 3%. Everybody wins. But it will not happen for at least a decade maybe 2 or 3. he reality is the US government is bankrupt and floundering like a fish on a hot deck. The statists think they can maintain the ponzi debt management to prosperity, but as we can see, the age old adage, "You can't debt-spend your way out of debt!" is reality. Obamanomics is a bust, an utter failure. Sad joke on Americans. DC corruption gone mad. Obama has almost already spent about what Reagan and Bush spent in 16 years but did it in 2! Unadjusted, unemployment will hit 25++% and it might be as early as this fall. The more the government debt-spends and taxes, the worse it will get. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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