Re: Looks like Ryan must lean toward a Mercedes tractor.??

Posted by Royse on August 18, 2012 at 21:06:28 from (69.36.49.151):

In Reply to: Looks like Ryan must lean toward a Mercedes tractor.?? posted by BushogPapa on August 18, 2012 at 19:21:59:

I try to stay out of political debate and I'm not taking sides on this one,

but this conversation reminded me of this oldie but goodie.

BarStool Economics

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 (poor) would pay nothing.

The second (poor) would pay nothing.

The third (poor) would pay nothing.

The fourth (poor) would pay nothing.

The fifth would pay $1.

The sixth would pay $3.

The sev enth 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 first would still pay nothing.

The second would still pay nothing.

The third would still pay nothing.

The fourth would still pay nothing.

The fifth man 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!'

'Y eah, 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.

Replies:

• Re: Looks like Ryan must lean toward a Mercedes tractor.?? flying belgian 14:21:21 08/19/12 (0)

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