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Bar Stool Economics

The Arena

 
 
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  #1  
Old 01-17-2012
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Default Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100 and if they paid their bill the way we pay our taxes today, 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." So 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 paid $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 who was now paying nothing, along with the first four. "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 five 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, ladies and gentlemen, 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.
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  #2  
Old 01-17-2012
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Nice!
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  #3  
Old 01-17-2012
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Thats good.
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  #4  
Old 01-25-2012
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Last edited by blue avenger : 01-25-2012 at 09:21 PM. Reason: I'm sure these numbers are someones squed version.
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  #5  
Old 01-25-2012
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I don't quite know what to say to that.
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Nobody on this site likes Ski Doo except Dirty Harry, and he's better at making babies than buying or fixing sleds, so you don't want to listen to him.
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  #6  
Old 01-25-2012
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the way congress is trying to save us from ourselves, I don't think it makes to much difference who's name is on the ballet. Just cause of you guys I have to put up with safety caps on my gas cans now, and don't get me started on that door is a JAR thing my car keeps saying!
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  #7  
Old 01-29-2012
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Some numbers on the national debt to illustrate our situation in terms people can get a grasp on...

US tax revenue: $2,170,000,000,000.
Federal budget: $3,820,000,000,000.
New debt: $1,650,000,000,000.
National debt: $14,271,000,000,000.
Recent budget cuts: $38,500,000,000.

Now let's remove 8 zeros and pretend it's an annual household budget...

Family income: $21,700.
Household budget: $38,200.
New credit card debt: $16,500.
Current cc balance: $142,710.
Recent spending cuts: $385.

$38.5 billion in budget cuts doesn't sound like that much when you put it into perspective with how much is actually being spent, now does it? To say we need to increase revenue is foolhardy. It should appear obvious that no matter how much we tax, washington will spend it all and more. I agree that we don't have an income problem, but a spending problem.
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