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Old 09-18-2008, 10:36 PM
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Bar stool economics (Understanding McCain)

Reference this thread: https://www.flyinggiants.com/forums/...ing-obama.html

McCain’s Tax plan
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 poor
The first four men (the poorest) would pay nothing.
Middle class
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 Richest
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 on day, the owner (McCain) threw them a curve. HE SAYS I’m rich like the 10th guy and I’m going to reduce the price of his beer because he’s going to go to each one of your houses and raid the refrigerator and bring the beer he finds there ( gas prices) back here so I can sell the 5th through the 9th guys the beer he finds. When he does that I will give him an incentive bonus to further drive down his cost to $30 a beer.
The Rich man takes the $29 in savings and instead of creating jobs in his community so the others might be able to make a higher living wage and thus pay more for the beer, the Rich guy invests the $29 savings in cheap Mexican/Chinese labor to make more beer so that the 5th through the 9th guys can buy more beer to replenish their refrigerators for the rich guy to raid later. The bar tender then implements a bar stool tax on the 5th thru 9th guys ( McCain’s Tax on Medical Benefits )
http://www.time-blog.com/swampland/2...ax_increa.html
The Bar tender then borrows money from the company that has the cheap mexican/chinese labor to make up the $29 loss in the names of the 5th thru the 9th guys. So they have to pay it back.


Now let’s put it in simpler terms:
Milk cost $4 dollars a gallon. If a poorer family of 4 making $30,000.00 a year buys 1000 gallons of milk a year ($4000.00 dollars worth) that comes to 13% of their gross income.
A richer family of 4 making $500,000.00 a year buys 1000 gallons and still pays the same $4000.00 that comes to .8% of their gross income. Less than 1%.
So who is better able to pay more into the economy/ Taxes?
Disclaimer:
obviously no one buys 1000 gallons of milk for a family of 4. It’s just for demonstration purposes.
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Old 09-18-2008, 10:44 PM
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Re: Bar stool economics (Understanding McCain)

As in the last Bar Stool Economics post, I'm still drinking free beer so the fight is between yall. I have nothing to lose and no beer to steal so.......fg43fg43fg43
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Old 09-18-2008, 10:51 PM
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Re: Bar stool economics (Understanding McCain)

I can't drink...yet.
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Old 09-18-2008, 10:56 PM
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Re: Bar stool economics (Understanding McCain)

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Originally Posted by 3Dguy View Post
I can't drink...yet.
Yeah that's what my folks told me when I was 15, but that didn't stop me.
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Old 09-18-2008, 11:15 PM
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Re: Bar stool economics (Understanding McCain)

Rolling Harrier,

The old "From each, according to his ability; to each, according to his needs." argument. That is straight from the writings of Karl Marx. Do you subscribe to the communist manifesto?

Why does the "poor family" have 4 kids they can't afford to feed? Does the poor family deserve to have the same number of cars, the same house, the same clothes as the successful family.

Why do we even bother with grades in school. Does the more successful student really deserve an "A", and the less successful student an "F". Why not just average their grades so everyone gets a "C"?

Did you miss the whole point of "Forrest Gump"? Did you think it was just an interesting, funny movie without a message?
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Old 09-18-2008, 11:18 PM
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Re: Bar stool economics (Understanding McCain)

you're kidding us right? you advocate punnishing those that do well for themselves? you state that the rich take their money and don't create jobs for americans with it right? when is the last time you got a job from a poor man? NEVER! not to mention, it's tough to get the americans to actually work for a living at a wage that will keep the prices of products down enough for the general public to still purchase them. it's pretty tough to get the folks on welfare to work for a similiar pay check when they can stay home and let the rich pay for them to live!

give your money away if you will but let me keep mine, i work hard for it and don't need you spending it for me. my employees are very glad that i feel this way and they are paid in the top of their class! i DO provide jobs and they are all filled by americans!!!!!!
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Old 09-18-2008, 11:27 PM
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Re: Bar stool economics (Understanding McCain)

just out of curiosity, are you an employer or an employee? it is fine to be either, don't get me wrong.....BUT those that think like employees need the employers that think like employers or there wouldn't be jobs!

i can promise you that the more money they take from me and my business, the less i have to pay someone with! i shouldn't be required to live at a level below my accomplishments just because everybody didn't accomplish the same level! i'll let people go before i'll lose my own money! after all, it was MY MONEY that bought my employees jobs in the first place! it may not sound fair to those that take but i promise you it sounds fair to those that give!
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Old 09-18-2008, 11:30 PM
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Re: Bar stool economics (Understanding McCain)

Quote:
Originally Posted by RollingHarrier View Post
Reference this thread: https://www.flyinggiants.com/forums/...ing-obama.html

McCainís Tax plan
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 poor
The first four men (the poorest) would pay nothing.
Middle class
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 Richest
The tenth man (the richest) would pay $59.


So, thatís what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until on day, the owner (McCain) threw them a curve. HE SAYS Iím rich like the 10th guy and Iím going to reduce the price of his beer because heís going to go to each one of your houses and raid the refrigerator and bring the beer he finds there ( gas prices) back here so I can sell the 5th through the 9th guys the beer he finds. When he does that I will give him an incentive bonus to further drive down his cost to $30 a beer.
The Rich man takes the $29 in savings and instead of creating jobs in his community so the others might be able to make a higher living wage and thus pay more for the beer, the Rich guy invests the $29 savings in cheap Mexican/Chinese labor to make more beer so that the 5th through the 9th guys can buy more beer to replenish their refrigerators for the rich guy to raid later. The bar tender then implements a bar stool tax on the 5th thru 9th guys ( McCainís Tax on Medical Benefits )
http://www.time-blog.com/swampland/2...ax_increa.html
The Bar tender then borrows money from the company that has the cheap mexican/chinese labor to make up the $29 loss in the names of the 5th thru the 9th guys. So they have to pay it back.


Now letís put it in simpler terms:
Milk cost $4 dollars a gallon. If a poorer family of 4 making $30,000.00 a year buys 1000 gallons of milk a year ($4000.00 dollars worth) that comes to 13% of their gross income.
A richer family of 4 making $500,000.00 a year buys 1000 gallons and still pays the same $4000.00 that comes to .8% of their gross income. Less than 1%.
So who is better able to pay more into the economy/ Taxes?
Disclaimer:
obviously no one buys 1000 gallons of milk for a family of 4. Itís just for demonstration purposes.
Better yet............... You guys are getting too complicated with the McCain/ Obama thing! Let us understand the "Wango Tango Doctrine."
If I get up in the morning and want cereal, pass the damn milk. If Tex-Mex is served, don't accidentally get yer mits on my Corona. (No........ I don't drink anymore. This is just for demonstration purposes!) Okay....... Now that we've got breakfast and lunch outta the way, The Wango Tango Doctrine states clearly: Go Fly!! Once we've burned all our fuel only one question remains and it doesn't have anything to do with either McCain or Obama.......... What the hell is for dinner and who's buying?? See ya at the polls.
WT,
Over and out
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Old 09-18-2008, 11:33 PM
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Re: Bar stool economics (Understanding McCain)

1bwana1
Do you subscribe to the redneck manifesto?
I say eliminate the income tax! It is time for a change!
Let us have a national sales tax! Pay according to what you use! Unless you are like Kenneth Lay and can lie and cheat well enough to pay nothing.
Bob
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Old 09-18-2008, 11:44 PM
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Re: Bar stool economics (Understanding McCain)

where's the toilet paper line comrades? that's what you are sloping towards! this is socialism....the desire for everyone to deserve the same in any or all areas of life.

i don't think that many will argue with the old saying...

give a broke man a million and he'll soon again be broke.
give a vested man a million and he'll soon make another million from it!

who should we punnish in these cases? those that actually MAKE or those that TAKE? i know my answer. but then again, i believe in accountability!

why do the poorest segment of our citizenry need a tax break? they don't pay any taxes and at the end of the year they get back more than they put in!!!!!! they are getting paid to stay poor so there will be a continuous voter base!

what happened to deserving the right to work hard and work smart to get AHEAD of those that don't? do we all just get an "A" now? should i pay for more government for those that depend on it when i do NOT depend on it? NO WAY! i've built what i have myself. i am not wealthy by any means! but i can tell you i would be much wealthier if i got to keep more of my hard earned money. i may even circulate it in our economy and make it possible for more people to succeed with out the teet of the govt!

remember one thing..... the GOVT has no money! we the citizens have money! please don't legalize the stealing of mine anymore than you already have!

let's incentivize success not laziness!

kill me if you need to.... just be VERY careful with what you ask for!
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Old 09-18-2008, 11:48 PM
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Re: Bar stool economics (Understanding McCain)

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1bwana1
Do you subscribe to the redneck manifesto?
Bob
Not completely. The Redneck Manifesto is a subset of the American Free Enterprise Manifesto I subscribe to. Don't get me wrong, Rednecks are an integral part of what made America great. One thing for sure, Rednecks are not known for being wealthy, but you almost never see them in the welfare line. The term "redneck" has it's origin in describing the color mens necks get from bending over working in the sun. Too much pride for welfare, and re-distribution of wealth.
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Old 09-18-2008, 11:55 PM
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Re: Bar stool economics (Understanding McCain)

So, how do you feel on the national sales tax issue?
Bob
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Old 09-19-2008, 12:08 AM
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Re: Bar stool economics (Understanding McCain)

on the nat. sales tax issue..... i'm not decided yet. i'll pose this question to you though..... if we didn't have income taxes anymore, and the poorest folks here didn't pay them in the first place... wouldn't the sales tax plan make it actually more expensive for those with nothing? thus finding another way to justify taking more from those of us that work for a living?

wouldn't the gallon of milk cost more with the sales tax plan? would the poor folks need less milk if there were no income taxes? in this plan, the people are punnished for spending and those without means now have even fewer means then.

that is not my ENTIRE opinion of this tax plan..... i am still certainly turnable with more specific info!
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Old 09-19-2008, 12:11 AM
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Re: Bar stool economics (Understanding McCain)

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Originally Posted by 1bwana1 View Post
Rolling Harrier,

The old "From each, according to his ability; to each, according to his needs." argument. That is straight from the writings of Karl Marx. Do you subscribe to the communist manifesto?
Wow! This sounds like something from the McCarthy era. Are we in a red scare?
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Old 09-19-2008, 12:17 AM
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Re: Bar stool economics (Understanding McCain)

closer than some may realize!
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