Announcement

Collapse
No announcement yet.

Understanding Taxation (or why Obama socialism doesn't work)

Collapse
This is a sticky topic.
X
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • Understanding Taxation (or why Obama socialism doesn't work)

    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 more than 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 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!!!
    Clear, concise, understandable.
    Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

    "You're just a jaded cynical mother****er...." Jeffpeg

    (more comments in my User Profile)
    russbo.com



  • #2
    Interesting.

    Except in reality the richest doesnt got beat up but helped to follow the christian advice that it is hard for richmen to enter heaven.

    So in a way they re is no violence included.

    What does not stop some rich people to put their money in offshore tax paradise. Isnt it what buddhist call greed, the root of suffering?

    I dont know, you might look it in a more positive way!


    Om money pedme hung

    Comment


    • #3
      This is why Doc lives in Thailand, cause he doesn't want to get beaten up. Plus he trains in Muay Thai just in case the local Phuket taxi drivers start rioting and burning Doc dolls.

      Comment


      • #4
        I'm not worried about Thai taxi drivers.

        I can handle bunches of them.

        It's the Thai whores that scare me...
        Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

        "You're just a jaded cynical mother****er...." Jeffpeg

        (more comments in my User Profile)
        russbo.com


        Comment


        • #5
          Yes, the little ditty above explains the "tax breaks to the wealthy" that you see in that pdf.

          But I am far from an economist. I can't even balance my own checkbook. So I'm not one to talk about these issues.
          Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

          "You're just a jaded cynical mother****er...." Jeffpeg

          (more comments in my User Profile)
          russbo.com


          Comment


          • #6
            Obama and Taxation.................

            First of all Obama is the best president we have had in the USA in many decades. Secondly you are not American so you should not be making suggestions or dumb commentaries, only the citizens of a country who have lived there and have first hand experience over a considerable period really know what is best. The Republican Presidents in this country and Clinton to some extent ruined our democracy and independence by allowing corporatiions to dictate policy or determine policy at the expense of the common working people and letting go of all regulations that were put into place after the Great Depression, and by using war as a political and economic means of propping up a system that has reached an end point because of its glorification of profit and greed above all sense of social and ethical responsibility.

            Comment


            • #7
              doc, you gave up your american citizenship?

              Comment


              • #8
                No, but if Obama continues down this road, who knows, LOL. Thailand continues to look better and better every day.

                I'm from New York. You don't get any more American than that.
                Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

                "You're just a jaded cynical mother****er...." Jeffpeg

                (more comments in my User Profile)
                russbo.com


                Comment


                • #9
                  the best thing about this country used to be the people now everyone is dumb and full of shit. not everyone but a shitload of em. mexicans and immigrants i got no problem with em but at the same time mother ****ers who come here and only know how to mow a lawn and got 100000 kids to feed and dont even both bettering themselves and just dodge taxes and shit piss me off and besides all that shit obama seems to not give a **** about BP destorying a huge part of the planet for decades probably and acts like 20billion means shit

                  ****in a man if i had property down there i would be so pissed lol, who the **** wants to live or fish or vacation or anything now? and lets not start about health care of the economy its just to much, the **** has obama done? this dude is bullshit and i been sayin it forever hes a war mongering corporate slut like every other pres
                  "did you ask me to consider dick with you??" blooming tianshi lotus

                  Comment


                  • #10
                    If you think you have trouble with Mexicans up there, you should come down here to Las Vegas. Or worse, Arizona. They have a HUGE problem down there. And forget traveling to southern California, once a very beautiful part of the US. It's now part of Mexico. This country is changing, I've said it years before, that it's getting more "stupid" with the ever increasing growth of uneducated immigrants. But, if you think we have problems, you should see Europe...
                    Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

                    "You're just a jaded cynical mother****er...." Jeffpeg

                    (more comments in my User Profile)
                    russbo.com


                    Comment


                    • #11
                      we dont got a mexican problem its just something on my mind and also half my family is from california, my dads side. not really even neccesarily mexican as much as immigrants ingeneral. therese alot of smart people and hardworkers etc from every cultuer and country but there are alot more dumb greedy mother ****ers

                      and i dunno anything about europe although ive wanted to go backpacking in italy for awhile now, whats gonna happen if i go to europe go to get a bowl of pasta and get rice and beans lolo
                      "did you ask me to consider dick with you??" blooming tianshi lotus

                      Comment


                      • #12
                        I doubt you'll see the rice and beans. You'll probably have to deal with halal foods though.
                        Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

                        "You're just a jaded cynical mother****er...." Jeffpeg

                        (more comments in my User Profile)
                        russbo.com


                        Comment


                        • #13
                          http://en.wikipedia.org/wiki/Halal

                          islamic food eh? what are you trying to say you believe that video you sent about muslims taking over the world from the inside out with their over population or have you been there and seen one to many towel heads?

                          any muslim hackers reading this pls dont hack me i love you all lol
                          "did you ask me to consider dick with you??" blooming tianshi lotus

                          Comment

                          Previously entered content was automatically saved. Restore or Discard.
                          Auto-Saved
                          x
                          Insert: Thumbnail Small Medium Large Fullsize Remove  
                          x
                          x
                          Working...
                          X