A friend of mine handed me an email this past Sunday. It was about a university professor that wanted to teach his class about socialism.
After the exam, the professor said, that in the name of socialism, he was equalzing the grades to the average score for the entire class, rather than having each individual getting their own score. Thus those who got high grades would be lowered to the average and those who failed or got low scores would be raised to the class average.
The next exam he did the same thing and the class average fell drastically. It appeared that the previous high achievers were not motivated to do well and the under achievers lost what little motivation they previously had. Bottom line, on the second exam, everyone failed.
This is the problem with wealth re-distribution. I asked one of my clients, an MD, what she would do if the tax rates went over 50% on her top layer of income, explaining that they were much higher than this prior to Reagan’s tax cuts which stimulated the ecomonomy. She said she would retire or at least work much less. Thus, I explained is the problem with O’bummer’s health care proposals. Tax the high incomes (including MDs) and you will create an MD shortage, thus driving up the individual costs and decreasing availability. (She regrets voting for O’bummer!)
Many are waking up and are realizing that the Hope and Change turned into Hoax and Chains