Thursday, December 28, 2017

Points to Ponder:

"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 ? How could they divide the $20 windfall so that everyone would get his fair share?

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." [Daniel J. Mitchell]

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Wednesday, December 27, 2017

Enemy Reaction 2017: Dallas Cowboys

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Miscellaneous Musings...

With a bit of tax reform done, President Trump wants to do "infrastructure" next. My predictions:

---The same folks who bellyached, bitched, and would not STFU about Obama and his infrastructure bill in 2009 will suddenly forget they are supposed to hate "big government boondoggles" and "adding to the debt" (like they did when Obama was in the WH) and instead laud, make excuses for, and generally support Trump planned big government boondoggles and debt additions. You know, because #TeamRed and all!

---The same folks who defended to the hilt Obama's stimulus and infrastructure bills as necessary, great, wonderful, etc will suddenly (now that Obama or Hillary are not in the WH) start bellyaching, bitching, and generally not STFU'ing about how what Trump wants to do is a bunch of "boondoggle projects" that "do not pay for themselves", and will "add to the debt" and all that jazz: stuff they did not care about for eight years when Obama was in power but now that they are not, #TeamBlue suddenly cares about this stuff you see!

Meanwhile, both tribes will be united in one way if nothing else: lashing out in butthurt fashion at those of us who were not born yesterday and who recognize fake principles and politically opportune #hypocrisy when we see it!

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