Dec 012011

A friend posted this earlier and I am copying it here… I know this is a very controversial topic for many but this explanation is one of the best I’ve ever seen:

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.

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.

Being an adult is like looking both ways before you cross the street and then getting hit by an airplane.

  9 Responses to “Economics Experiment”

  1. With you, ALL the way….the post is frighteningly spot-on. Charity is a beautiful thing…sharing what we have with those who need it (it’s what God commands). Having it taken by our govt in the name of those who need? An entirely different story…and something I’ve never heard from God. And most often, a very small portion of it makes it from the govt coffers to that hands of the needy….

    • exactly! i am all about helping those in need… charity… and i think that if most of us had more of our hard-earned money to give, we would give more… we would be in a position to take of the people in our communities that need the help… but as things are going now, i don’t have money to take care of myself much less another…

      i believe we need to pay taxes for things such as roads, schools, public safety agencies… those things that benefit the community… but i don’t like that my taxes are paying for the large portion of the population that CHOOSE not to work or do anything to help themselves… they have procreation down pat but they choose not to take care of the responsibilities that said procreation requires…

  2. Hmmm. While I don’t like supporting those who simply ‘dont wanna’ I am happy to support those who can’t (for whatever reason). If my support for those who can’t help themselves also supports some who won’t I can accept that. They won’t get rich on my support – they will merely get by and the incentives to get more for themselves are still there (if only they will do it). This attitude of mine applies not only to my taxes – where I have no say in who gets what, but also to the money I give to charities of my choice – here and abroad.

    • there will always be those who can’t… i have no problem helping those… there are people who will never be physically or mentally able to work… we help them and should…

      but those who choose NOT to when they CAN are the ones i take issue with. i don’t like the idea of money being taken from me in order to support some thug family that would rather sit at home drinking 40’s and slinging dope, fighting, killing, and terrorizing everyone around them…

      i support food programs in the schools for children… it is not their fault that their parents/families don’t/can’t do what is needed to keep their bellies full…. but for those parents that choose not to work because they simply don’t want to, yet have children, well i have a hard time feeding the parents, paying their rent and medical care, etc only so they can stay home and reproduce again…

      and charities are a great thing… i give to many, but the difference is that this giving is my choice not the government’s. i get to decide who i want to help and how much i can afford to help them.

      i see more than $1,000 taken from my check on every pay day.. that is $1,000 that i need and worked hard for… there have been months that i’ve eaten nothing but rice and not been able to afford my medications – even with health insurance coverage.

      i have paid in to the social security system and the medicare/medicaid system for the past 30 years and now that money may not be there for me, to support and help me when i am no longer able to work…

      our economy is so far in the pits that i don’t know what the solution is but i think some of these government programs need to be revamped, some of the people who are receiving government benefits need to be re-assessed…

      it’s a scary time for us over here… and i completely agree that change is needed but the cost of that change is terrifying… the idea that we have been a country based on freedom and democracy since inception that is now headed in a socialist direction is a reeling thought…

  3. I had read this before…an excellent explanation of a dumb idea.

  4. I’ve read that before somewhere. I wish that would happen to the country instead of a class.

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