{"id":334,"date":"2008-10-30T08:39:56","date_gmt":"2008-10-30T12:39:56","guid":{"rendered":"http:\/\/www.danielgoepfrich.com\/bar-stool-economics\/"},"modified":"2022-07-20T01:54:46","modified_gmt":"2022-07-20T05:54:46","slug":"bar-stool-economics","status":"publish","type":"post","link":"https:\/\/www.theologyisforeveryone.com\/bar-stool-economics\/","title":{"rendered":"Bar Stool Economics"},"content":{"rendered":"

Yes, it’s been way too long since I’ve posted, and, yes, I still owe you my thoughts on the Revelation from our church’s<\/a> listening program and my series on baptismal regeneration (or “does baptism save?”) which I am working on. Several things have contributed to my time out of the blogosphere, but you can be sure I’ll be back soon.<\/p>\n

Until then, enjoy this post entitled “Bar Stool Economics”<\/strong> (preferably before<\/em><\/strong> you go vote next Tuesday!) The original source is unknown, but I found it here<\/a>.<\/p>\n

\n

Our Tax System Explained: Bar Stool Economics<\/strong><\/p>\n

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:<\/p>\n

The first four men (the poorest) would pay nothing.
\nThe fifth would pay $1.
\nThe sixth would pay $3.
\nThe seventh would pay $7.
\nThe eighth would pay $12.
\nThe ninth would pay $18.
\nThe tenth man (the richest) would pay $59.<\/p>\n

So, that\u2019s what they decided to do.<\/p>\n

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. \u2018Since you are all such good customers,\u2019 he said, \u2018I\u2019m going to reduce the cost of your daily beer by . rat mites ivermectin<\/a> \u2019 Drinks for the ten now cost just $80.<\/p>\n

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.<\/p>\n

But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his \u2018fair share?\u2019<\/p>\n

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody\u2019s share, then the fifth man and the sixth man would each end up being paid to drink his beer.<\/p>\n

So, the bar owner suggested that it would be fair to reduce each man\u2019s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.<\/p>\n

And so:<\/p>\n

The fifth man, like the first four, now paid nothing (100% savings).
\nThe sixth now paid instead of (33%savings). ivermectin tablet for human<\/a>
\nThe seventh now pay $5 instead of $7 (28%savings).
\nThe eighth now paid $9 instead of $12 (25% savings).
\nThe ninth now paid $14 instead of $18 (22% savings).
\nThe tenth now paid $49 instead of $59 (16% savings).<\/p>\n

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.<\/p>\n

\u2018I only got a dollar out of the $20,\u2019declared the sixth man. He pointed to the tenth man,\u2019 but he got $10!\u2019<\/p>\n

\u2018Yeah, that\u2019s right,\u2019 exclaimed the fifth man. \u2018I only saved a dollar, too.<\/p>\n

It\u2019s unfair that he got ten times more than I got\u2019 \u2018That\u2019s true!!\u2019 shouted the seventh man. \u2018Why should he get $10 back when I got only two? The wealthy get all the breaks! mange mite in guinea pig ivermectin<\/a> \u2019<\/p>\n

\u2018Wait a minute,\u2019 yelled the first four men in unison. \u2018We didn\u2019t get anything at all. The system exploits the poor!\u2019<\/p>\n

The nine men surrounded the tenth and beat him up.<\/p>\n

The next night the tenth man didn\u2019t show up for drinks so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn\u2019t have enough money between all of them for even half of the bill!<\/p>\n

And that, ladies and gentlemen, 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 may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Yes, it’s been way too long since I’ve posted, and, yes, I still owe you my thoughts on the Revelation from our church’s listening program and my series on baptismal regeneration (or “does baptism save?”) which I am working on. Several things have contributed to my time out of the blogosphere, but you can be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[42],"tags":[],"class_list":["post-334","post","type-post","status-publish","format-standard","hentry","category-current-events"],"acf":[],"aioseo_notices":[],"gutentor_comment":2,"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"widget-thumbnail":false,"rpwe-thumbnail":false,"woocommerce_thumbnail":false,"woocommerce_single":false,"woocommerce_gallery_thumbnail":false},"uagb_author_info":{"display_name":"Daniel Goepfrich","author_link":"https:\/\/www.theologyisforeveryone.com\/author\/dgoepfrich\/"},"uagb_comment_info":2,"uagb_excerpt":"Yes, it’s been way too long since I’ve posted, and, yes, I still owe you my thoughts on the Revelation from our church’s listening program and my series on baptismal regeneration (or “does baptism save?”) which I am working on. Several things have contributed to my time out of the blogosphere, but you can be…","_links":{"self":[{"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/posts\/334"}],"collection":[{"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/comments?post=334"}],"version-history":[{"count":0,"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/posts\/334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/media?parent=334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/categories?post=334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theologyisforeveryone.com\/wp-json\/wp\/v2\/tags?post=334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}