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southernbassguy Profile
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Registered: 04-2010
Location: Bessemer, Alabama
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Bar Stool Economics


> 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, 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 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, 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.
>
>
>
> 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.
Oct/5/2010, 10:04 pm Link to this post Email southernbassguy   PM southernbassguy
 
NITROZ9 Profile
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Re: Bar Stool Economics


You know that it is true. emoticon

---

Oct/6/2010, 5:59 am Link to this post Email NITROZ9   PM NITROZ9
 
Bullet20dc Profile
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Registered: 09-2004
Posts: 946
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Re: Bar Stool Economics


stop whining about beer an buy that young lady a dayum boat emoticon emoticon emoticon emoticon

---
Charlie B
Bullet20dc / 250XS
Politically correct impaired

Oct/6/2010, 6:35 am Link to this post Email Bullet20dc   PM Bullet20dc
 
southernbassguy Profile
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Registered: 04-2010
Location: Bessemer, Alabama
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Re: Bar Stool Economics


I can't win..... emoticon emoticon
Oct/6/2010, 4:14 pm Link to this post Email southernbassguy   PM southernbassguy
 
Bullet20dc Profile
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Re: Bar Stool Economics


quote:

southernbassguy wrote:

I can't win..... emoticon emoticon



Nope emoticon

 emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon emoticon

---
Charlie B
Bullet20dc / 250XS
Politically correct impaired

Oct/6/2010, 4:59 pm Link to this post Email Bullet20dc   PM Bullet20dc
 
lilmule Profile
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Registered: 04-2010
Location: Buchanan,Tn
Posts: 201
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Re: Bar Stool Economics


Their is a way to win,and please her.
Save your pennies up and buy a beer boat.
For enough money Miss Budweiser is for sale.
Add a livewell,troller,few grand for gas, an ya got it.

---

Oct/6/2010, 8:13 pm Link to this post Email lilmule   PM lilmule
 
southernbassguy Profile
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Re: Bar Stool Economics


HMMMM I wonder if that would do it. emoticon
Oct/6/2010, 8:25 pm Link to this post Email southernbassguy   PM southernbassguy
 
bonsaibp Profile
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Re: Bar Stool Economics


Oh yeah bring home Miss Budwiser......that'll get you out of the doghouse.....
You may as well order that boat dude.

---
bonsaibp
I AM NOT SAYING THERE SHOULD BE CAPITAL PUNISHMENT FOR STUPIDITY,
BUT, WHY DON'T WE JUST TAKE THE SAFETY LABELS OFF OF EVERYTHING
AND LET THE PROBLEM SOLVE ITSELF?"
blkdog812
Oct/7/2010, 1:44 am Link to this post Email bonsaibp   PM bonsaibp
 
lilmule Profile
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Location: Buchanan,Tn
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Re: Bar Stool Economics


It has a dog house built in of sorts,where do you think they keep those Clydesdales.
One way of stuffing extra ponies in anyway.

---

Oct/7/2010, 7:57 am Link to this post Email lilmule   PM lilmule
 
southernbassguy Profile
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Registered: 04-2010
Location: Bessemer, Alabama
Posts: 725
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Re: Bar Stool Economics


quote:

bonsaibp wrote:

Oh yeah bring home Miss Budwiser......that'll get you out of the doghouse.....
You may as well order that boat dude.



If I could get her a green and yeller boat I would right now! Its just ain't gonna happen for a while. emoticon
Oct/7/2010, 4:12 pm Link to this post Email southernbassguy   PM southernbassguy
 


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