OBAMA TAX PLANS EXPLAINED – EVEN BIDEN CAN UNDERSTAND!
Dr. David R. Kamerschen, Professor of Economics at the University of Georgia found a unique way to explain Obama’s Progressive tax plan. This should make it rather easy for a moron to understand his plan to tax the so called rich. The author’s analysis also includes the probable insurrection that Obama seem hell bent on creating by urging Americans to hate each other. You need to deeply read what the author predicts could happen. I have paraphrased some of the terms to reflect comparisons.
Ten men go to the bar every day to drink some beer and the tab always ends up to be $100. If they paid the tab the way they paid their taxes it would be like this:
Four of the men would pay nothing.
Fifth man would pay $1.
Sixth man would pay $3.
Seventh man would pay $7.
Eighth man would pay $12.
Ninth man would pay $18.
Tenth man would pay $59 (This is Obama’s mission to tax the richest American only)
The majority voted to accept this plan.
This was a daily event and it was peaceful until one day the owner of the bar interfered with their plan. He said “Since you are all such good customers, I’m going to reduce your daily tab by $20. Drinks will now only be $80 a day.”
The group still voted to pay their bill the way they paid their taxes. The first four would be unaffected but how would the other six pay the bill. They argued about how to divide the $20 discount. It was quickly realized that $20 divided by 6 would be $3.3333. If this was subtracted equally the fifth and sixth man would end up being paid to drink their beer.
The bar owner suggested that it would be fair to reduce each man’s portion by roughly the same amount and he proposed the following plan:
Five men would now drink free.
Sixth man would pay $2 instead of $3 (33% reduction).
Seventh man would pay $5 instead of $7 (28% reduction).
Eighth man would now pay $9 instead of $12 (25% savings).
Ninth man would now pay $14 instead of $18 (22% savings).
Tenth man would now pay $49 instead of $59 (16% savings).
Each of the six who had been paying was better off and the first four continued to drink free. When they stepped outside they decided to compare their savings. The sixth man said I only got $1 of the $20 savings and the tenth man got $10. The fifth man said I only got $1 and he got ten times what I got. The seventh man said why should he get $10 when I only got $2, the wealthy always get the tax breaks. “Wait a minute shouted the first four men in unison, we didn’t get anything. The system always exploits the poor.
The first nine men then surrounded the tenth man and beat him up. The next day the tenth man didn’t show up at the bar, so the other nine drank their usual beers. When presented the tab they suddenly discovered they did not even have half enough money to pay the tab.
This is a factual example of our regressive tax system in America. People who pay the highest taxes always benefit more from a tax reduction. When Obama, his Progressive Congress and his army of CZAR’s tax any American too much and create class warfare attacks on the wealthy to incite violence, they might start drinking their beer overseas. I would.
Dr. Kamerschen added, “For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.”
Except for Biden, Polosi, Reed, Congressional democrats, Obama’s Cabinet, his Czars and four Supreme Court Justices most Americans like freedom from oppression. That is oppression from our own government. Obama and Soros know exactly what they are doing to destroy our Republic form of government.