Author Topic: ECCONOMICS  (Read 3571 times)

tizaala

  • Joined Mar 2011
  • Dolau, Llandrindod Wells,Powys
ECCONOMICS
« on: December 07, 2011, 08:59:35 am »
When the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
Is this man truly a genius? Checked out and this is true...it DID happen!

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, "OK, we will have an experiment in this class on Obama's plan". All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

The second test average was a D! No one was happy.

When the 3rd test rolled around, the average was an F.

As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
It could not be any simpler than that. (Please pass this on)

 
Remember, there IS a test coming up. The 2012 elections.

 
These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

Can you think of a reason for not sharing this? Neither could I.

ecohun

  • Joined Nov 2011
    • http://www.ecohun.com
Re: ECCONOMICS
« Reply #1 on: December 07, 2011, 09:10:51 am »
Obama's what? If that's any form of Socialism I'll show my bum in the town hall square. I suppose those who work the hardest get the highest rewards which accounts for all the rich bankers and shareholder and all the poor miners and bicycle rickshaw drivers. Never have an opinion about somebody depending on how much money they have. The system sucks.

Alan

robert waddell

  • Guest
Re: ECCONOMICS
« Reply #2 on: December 07, 2011, 09:38:19 am »
my great grandfather said that if all the money was equally divided up to everybody the rich would soon be rich again and the poor would still end being poor AND THAT WAS 100 YEARS AGO
lottery winners are a good example of how suddenly having money does not work
in Britain we are taxed at every turn even after death ::) :farmer:

Rosemary

  • Joined Oct 2007
  • Barry, Angus, Scotland
    • The Accidental Smallholder
Re: ECCONOMICS
« Reply #3 on: December 07, 2011, 11:29:40 am »
Obama's what? If that's any form of Socialism I'll show my bum in the town hall square. I suppose those who work the hardest get the highest rewards which accounts for all the rich bankers and shareholder and all the poor miners and bicycle rickshaw drivers. Never have an opinion about somebody depending on how much money they have. The system sucks.

Alan

Yes, it's funny how Obama is viewed as slightly left of Lenin in the States yet here, he'd be a Tory.

tizaala's example is awfully simplistic. If you carry it through, then those who are ill, or physically or mentally handicapped, or old or infirm would just die in the gutters. Not the kind of society that I want to live in.

bazzais

  • Joined Jan 2010
    • Allt Y Coed Farm and Campsite
Re: ECCONOMICS
« Reply #4 on: December 07, 2011, 11:55:25 am »
You wouldn't want to be working next to any of those students if you went feeling a bit rough in work. ;)

Baz

yankieGirl

  • Joined Jan 2011
  • Pennsylvania, USA
Re: ECCONOMICS
« Reply #5 on: December 08, 2011, 11:35:48 pm »
Quote
These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.


I am with you tizaala

Simplistic?  Maybe.  But many things in life are simple at their foundation....plant seed in dirt, cover, water.   Boar sniffs gilt, she stands he takes care of business, wait months, PIGGIES!!!

Without the simplistic beginnings there is no discussion necessary about potential problems to come.

We here in the US have strayed away from the simple basic foundations. We now see the erosion of our society.


strawman alert: 
Quote
....ill, or physically or mentally handicapped, or old or infirm would just die in the gutters
 

And when youre heading down the wrong road the best course is to turn around and backtrack.


robert waddell

  • Guest
Re: ECCONOMICS
« Reply #6 on: December 09, 2011, 08:34:06 am »
well yankiegirl in simplistic terms it is the American financiers that have buggered the world economies up
or don't you want to accept that fact
your banking system got rid of the regulators(they were down to one staff member and that was to turn the light of as he left the office)
your banking system borrowed money then sold there investments on to others as good investments when they were toxic
banks that went burst still paid there executives huge payments and bonuses while the investors got nothing
they had cocaine and sex parties paid for with bank money and the madame got immunity of prosecution
these bankers were government ad visors and are still advisors and lecturers on economics at your grand university's
they knew how the system worked at home but had no idea how finances worked in other countries
standard and poor the company that rates the finances of others    how can they they are paid for there services by the banks all American banks that went burst were rated triple a + just before they went tits up even inducing barclays to buy into them      Fannie may was also rated triple a + days before it folded
and now the banks are less and even bigger than before have more control have new laws to protect them and pay less tax leaving it to the working person to pay for it
 :farmer:

doganjo

  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
Re: ECCONOMICS
« Reply #7 on: December 09, 2011, 10:12:25 am »
For the first and maybe the last time, Robert ;D ;D, I am in complete agreement with everything you have just written! 

Well said!
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

yankieGirl

  • Joined Jan 2011
  • Pennsylvania, USA
Re: ECCONOMICS
« Reply #8 on: December 09, 2011, 11:10:41 am »
Quote
well yankiegirl in simplistic terms it is the American financiers that have buggered the world economies up
or don't you want to accept that fact

Down big boy!  I think we are both right. 

I have to get ready for work now (tend animals in barn, bring in wood to fix the fire for the day (28 degrees F this morn) just like I imagine you all did.(only 6am here right now).

My foundational statement is that you can't get something for nothing in our economies. And honesty and ethics matter.

 That applies to the tatooed, cigarrette smoking, baby breeding welfare rats at the bottom and the crooks at the top. 

However, like you, I see some at the bottom that are honestly scraping along and those at the top who made their $ through hard work.  My fight isn't with them.

Gov't social engineering policy doesn't help anyone in the long run.


 

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