permafrost Loc: Minnesota

really!??

it was used as a racist taunt on blacks back when I first came to OPP.

Obsession????? I am an old guy, I use the kind with the ship on the bottle....

Larry the Legend Loc: Not hiding in Milton

Progressive taxation. Right. Here's how it works:

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100…

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 ball. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20”. Drinks for the ten men would 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 a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the fifth man, like the first four, now paid nothing (100% saving).

The sixth now paid $2 instead of $3 (33% saving).

The seventh now paid $5 instead of $7 (28% saving).

The eighth now paid $9 instead of $12 (25% saving).

The ninth now paid $14 instead of $18 (22% saving).

The tenth now paid $49 instead of $59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

“I only got a dollar out of the $20 saving,” 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 benefit than me!”

“That’s true!” shouted the seventh man. “Why should he get $10 back, when I got only $2? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax 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 their 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, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally 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.

oldroy Loc: Western Kansas (No longer in hiding)

Which of those countries is ruled by someone Obama bowed to and kissed the hand of? I didn't know any of the leaners in the media had caught him doing those things. Oh well you people won't stop trying to push those stories.

CounterRevolutionary

Ridiculous. We wouldn't have any problem if our own students harvested our own crops in the summer and our farmers sold to the other 300 plus nations abroad.

Then the students would not need government college loans to pay their tuition. Profits for everybody. Oh, wait, the students are too smart to work. I forgot. Yea!

Larry the Legend Loc: Not hiding in Milton

Took 10 seconds.

“By comparing PP’s abortion income with its clinic income, we get a much more accurate picture of Planned Parenthood’s business model. In 2010, Planned Parenthood’s abortion income was 51.5 percent of its clinic income.”

http://www.lifenews.com/2012/01/05/planned-parenthood-51-of-its-income-comes-from-abortions/

And look, the URL has the word 'life' right at the beginning! Newsflash! There's nothing "wacko" about decrying the murder of the unborn.

permafrost Loc: Minnesota

We may agree more then I thought.

Only based on my experience..

when I started my business, I had to put up about 30% of the startup. In cash and a couple lots I owned.. That got my modest start..

After that, when I needed to buy equipment etc, I only signed my name and got what I needed..

Yes, it seems the fed only lends to the big boys..

I read some reason for the small banks not making loans to small businessmen, but have to find it before I can make any post about..

crummy memory for us old guys..

Larry the Legend Loc: Not hiding in Milton

OK, you asked for it! Here you go:

Super Dave Loc: Realville, USA

If he didn't hate America he was both stunningly stupid and the most unlucky person ever to have been so consistently wrong.

permafrost Loc: Minnesota

No, that is not how it works... read your booklet this year..

CounterRevolutionary

You are very fortunate that any bank considered you. I struggled to find enough money to put a $6,000 bronze through the foundry. I worked full time, saving some cash for the sculpture, but needed additional funding. These banks told me I was too big a risk, yet had no reservation about loaning to a government then $5 trillion in debt, a government that reaped my taxes to pay down that debt.

The cocky congressmen insist I am too stupid and irresponsible to manage my own affairs. I beg to differ with them.

Lonewolf

lol he gave education a check and wants to cut a billion from education budget

permafrost Loc: Minnesota

I think he was extreamly unlucky to have to follow 2 wars on the credit card and the unfunded plan D..

That without even mentioning the limited revenue due to the tax cuts..

Maybe he should have followed RR plan and stolen the remaining SS trust fund..

what do you think he was so wrong about??

CounterRevolutionary

Eventually, the Department of Education si going to be shut down permanently; the H.R. 899 bill is in the works.
I didn't realize Trump made a contribution to education, I hope it was a charter school or trade school.

permafrost Loc: Minnesota

That would really hurt...

i only bought Boom Trucks.. Very run of the mill little Business..

No art talent, could never do that..

I would also very much disagree with that congressman...

Bad Bob Loc: Virginia

Did ya see it on YouTube Oldroy?