Yep. Thats a keeper!
Had seen this before here but I didn’t know who had written it. Thanks for re-posting it
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.
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And don’t expect half of America to even begin to understand the principle here....they obviously voted for Obama.
ping
Here in NY we know that the professor's story rings true. Wealthy NYers leave for better climes, but that's not going to happen nationally. There will be some who succeed in avoiding the coming tax hike but they will be in the minority.
Thanks for reposting. This is the best explanation of the tax code I’ve ever read.
Old one, but still way too appropriate
Stock market is down. Wadda ya know.
This is the crowd that proposed additional surcharges on top of Obama's increases, doubling the capital gains and dividends tax rate, removing tax breaks for 401(k)s, etc.
Love this explanation! I just wish more people understood it.
This will probably have to be updated, because those first 4 customers (paying nothing) will walk in and demand that not only do they want their drinks, but they want the richest man to pay for them AND the bar owner to cut them individual checks as well!!
Rich man #10 takes his money and moves to a nice Caribbean island somewhere, leaving all those in the ‘middle class’ to cover the bills. Oy.
You didn’t finish the story! Allow me:
“Well, despite the fact that the tenth man didn’t show up, the rest of the men insisted that their ‘Beer Entitlement’ could not be curtailed, so the first five men insisted that men 6 through 9 pick up #10’s slack. Since the first five men were a ‘majority’ they won the vote.
In an effort to retain progressivity in the ‘Beer Entitlement’ payment program, they spread the $49 among the remaining 4 with the 9th paying the lion’s share.
Naturally, the next night the 9th man didn’t show up. So the 5 men again redistributed the bill among the 6th, 7th, and 8th men. This was a crushing blow to the actual bill payers, and they decided they could no longer go out for beer anymore at all.
The next night the five men showed up for their beer. The bartender was no fool and asked them who would pay for the beer before he served them. Indignant, the men took over the bar (nationalized) and went their every night to drink for free until the kegs were nearly dry.
When they were down to their last keg, the men realized that they’d better implement ‘beer lines’ in order to ration the remaining supply. A couple of the men decided to go home and try brewing their own beer. They were arrested.
Finally, when there was no beer to be had, and no money to pay for it anyway, the 10th man burst on to the scene touting principles called Beer’astrokia and ‘Glass’nost.
It took a while, but the beer finally began to flow again.”
Sir, you are so right.
Yes because we all know he who has the most money at the end wins.