Professor of Economics Explains Obama's tax plan

[lola330]

OBAMA's TAX PLAN....OVERSIMPLIFIED.

The following was written to explain Barrack Obamas definition of how he wants America to be. This was written by the Professor of Economics at the University of Georgia to explain to the brainwashed Obama supporters in simple terms.

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: Keep in mind, this is to happen EVERY DAY!

The first four men (the poorest) would pay nothing.
The fifth man would pay $1.
The sixth man would pay $3.
The seventh man would pay $7.
The eighth man would pay $12.
The ninth man 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 instead of $100

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. The poorest four 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 currently paying $1 and the sixth man currently paying $3 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 more than I got'

�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 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. They didn't have enough money between all 9 of them for even Half of the bill!

And that, ladies and gentlemen, journalists and college professors, is how our tax system works!! (And this is BEFORE Obama raises the job creating so called "Wealthy" even more!!)

The people who pay the highest taxes get the most benefit from a tax reduction. (DUH) 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. And this in turn will take money away from America, away from job creation, away from everything that makes America great! Given the facts without fancy words, would you vote for Obama?

[dnalexander]

The above story has been around under many names long before any of us heard abut Barack Obama.

Complete vitae available online. Contrary to Internet folklore, Dr. Kamerschen is NOT the author of "Tax Cuts: A Simple Lesson in Economics" or "Bar Stool Economics" or anything similar to that. Additionally, he does NOT know who wrote it and he has no opinion on its merits.

http://davidk.myweb.uga.edu/

[Teresa]

The little red hen called all of her Democrat neighbors together and said, 'If we plant this wheat, we shall have bread to eat. Who will help me plant it?'

'Not I,' said the cow.

'Not I,' said the duck.

'Not I,' said the pig.

'Not I,' said the goose.

'Then I will do it by myself,' said the little red hen, and so she did.

The wheat grew very tall and ripened into golden grain.

'Who will help me reap my wheat?' asked the little red hen.

'Not I,' said the duck..

'Out of my classification,' said the pig.

'I'd lose my seniority,' said the cow.

'I'd lose my unemployment compensation,' said the goose.

'Then I will do it by myself,' said the little red hen, and so she did.

At last it came time to bake the bread.

'Who will help me bake the bread?' asked the little red hen.

'That would be overtime for me,' said the cow.

'I'd lose my welfare benefits,' said the duck.

'I'm a dropout and never learned how,' said the pig.

'If  I'm to be the only helper, that's discrimination,' said the goose.

'Then I will do it by myself,' said the little red hen.

She baked five loaves and held them up for all of her neighbors to see. They wanted some and, in fact, demanded a share. But the little red hen said, 'No, I shall eat all five loaves.'

'Excess profits!' cried the cow. (Nancy Pelosi)

'Capitalist leech!' screamed the duck. (Barbara Boxer)

'I demand equal rights!' yelled the goose. (Jesse Jackson)

The pig just grunted in disdain. (Ted Kennedy)

And they all painted 'Unfair!' picket signs and marched around and around the little red hen, shouting obscenities.

Then the farmer (Obama) came. He said to the little red hen, 'You must not be so greedy.'

'But I earned the bread,' said the little red hen.

'Exactly,' said Barack the farmer. 'That is what makes our free enterprise system so wonderful. Anyone in the barnyard can earn as much as he wants.  But under our modern government regulations, the productive workers must divide the fruits of ! their labor with those who are lazy and idle.'

And they all lived happily ever after, including the little red hen, who smiled and
clucked, 'I am grateful, for now I truly understand.'

But!  her neighbors became quite disappointed in her as time passed. She never again baked her delicious bread because she joined the 'party' and got her bread free. And all the Liberal Democrats smiled  because 'Fairness' had been established.

Individual initiative had died, but nobody noticed; perhaps no one cared...so long as there was free bread that 'the rich' were paying for it

[lola330]

dnalexander:    Thanks for that input.   I removed the credit for this from my post.  It was a simple cut and paste job, and not meant to imply authorship or anything else for that matter.

Other than that, so what?  What's your point?

Take it for what it's worth.  I happened to enjoy it no matter who wrote it or however long it's been around.

It doesn't matter to me what name had been inserted before Obama's.   


I find it amusing that the 4 who had not paid for beer felt they were owed money back when they compared savings with those who had been paying.  And I find it too true to real life that 9 of the men would turn on the 10th man who had paid the most all along anyway.

[Diane Amberg]

They should have not been comparing "savings', just the cost of the bill. When a table full of friends just split a meal bill divided by the number of people who ate, somebody gets a bargain and somebody pays too much....so what. It eventually works out if you get together a number of times. I always pay more than my "share" because I don't drink alcohol. If it really bothered me I'd stay home.

[Teresa]

Maybe that's why they ask you to come along  Diane..
Cause you help pay the bar tab..
hahahahahahahaha