Matgallis said:Wow little tired of hearing all that economic bullshit from the liberals.
Go ask any economist and ask them who they are voting for. Stop spreading liberal properganda.
David R. Kamerschen said:Subject: tax cuts- A simple Lesson in economics
Let's put tax cuts in terms everyone can understand Suppose that everyday, ten men go out for dinner. The bill for all ten comes to $100 dollars.
If they paid their bill the way we pay our taxes, it would go something like this
-The first four me (the poorest) would pay nothing
-The fifth would pay $1
-The sixth would pay $3
-The seventh $7
-Eighth $12
-ninth $18
-The tenth man (the richest) would pay $59
So that's what they decided to do. The ten men ate dinner in the restaurant everday and seemed quite happy with the arrangement, until one day, the owned threw them a curve. "since you are all such good customers" he said "i'm going to reduce the cost of your daily meal by $20"
So now dinner for the ten only costs $80
The group still wanted to pay their bill the way we pay our taxes. So the first four men were uneffected. They would eat for free. BUt what about the other 6? How could they divvy up the $20 windfall so that everyone would get his "fair share"? the sixe men realized that $20 divided by 6 is $3.33. But if they subtracted that from everybodies shaire, then the 5th and the 6th man would each end up being paid to eat.
So the restaurant 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 5th man like the first 4 paid nothing
6th man paid 2 instead of $3 (33% savings)
7th now paid $5 instead of $7 (28% savings)
8th now paid $9 instead of $12 (25% savings)
the ninth now paid $14 instead of $18 (22% savings)
the 10th now paid $49 instead of $59 (16% savings)
Each of the 6 was better off than before and the first four continued to eat for free. But once outside the restaurant, the men degan to compare their savings. "I only got a dollar out of the $20!" declared the 6th man. He pointed to the 10th man "but he got $10!"
"yea that's right" exclaimed the 5th man "I only saved a dollar too! It's unfair that he got 10x more than me!!"
"that's true!" shouted the 7th man " why should he get back $10 when i only got $2!? "The wealthy get all the breaks!!!! (SOund familiar??)
"wait a minute" yelloed the first four men in unison "we didn't get anything at all the system exploits the poor!"
The nine men surrounded the 10th man and beat him up.
The next night the 10th man did not show up or dinner, so the nine sat down and ate 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 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 might not show up at the table anymore. There are lots of good restaurants in Europe and the Caribbean
David R. Kamershcen. Ph.D
Distinguished Professor of Economics
536 Brooks hall
Univeristy Of Georgia
Athens, Georgia 30602-6254
badasshairday said:yea, but bush still sucks.
Yeah he's a prick Kerry 'out, out, out'
Spidy182 said:ok... and all that junk you just said was purely opinion, rather than fact. You can go around saying "bush is a c*** bush is a c***"
Spidy182 said:all you want but that isn't gonna sway any opinions except to make yourself feel better. So why dont you just save your energy and not say anything. Unless you've got something to back it up.
Spidy182 said:I am not saying Bush has the perfect record.. but as a President he certainly has not done all that bad, as opposed to what the Media as portrayed him.