WARNING! Check out this Freeper tax system in beer shit that's floating through the tubes...

[devilgrrl]

Some clown posted this somewhere... if anyone has a nice snarky rebuttal please do share.

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 first four men (the poorest) would pay nothing.
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 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 one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beers by $20. Drinks for the ten now cost just $80.'

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. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

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. 'I only got a dollar out of the $20,' declared the sixth man. He pointed to the tenth man, 'but he got $10!' 'Yeah, that's right, ‘exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got TEN times more than I!'

'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'

'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't 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 very important.... they didn't have enough money between all of them for even half of the bill!

And that, boys, girls, journalists, and college professors, is how our tax system works. The people who pay the highest taxes DO get the most benefit from a tax reduction. They also PAY more than the rest. 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.

David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia

[Cleita]

1. Seem that the professor has been drinking too much beer.

Who cares if they go overseas. There's more beer left here for everyone to drink.

[Greyhound]

2. The holes in this tripe are so obvious I wasn't going to waste any time at all,

then I saw the name at the bottom claiming that a professor of economics at a reputable school wrote it. Too weird, so I went to the googly and found that, like the rest of this crap,http://davidk.myweb.uga.edu/">it is a lie.

[devilgrrl]

4. thank you!

:-)

[Contrary1]

3. Not even original...

http://www.snopes.com/business/taxes/howtaxes.asp

On Edit:

"Contrary to Internet folklore, Dr. Kamerschen is NOT the author of "Tax Cuts: A Simple Lesson in Economics." Additionally, he does NOT know who wrote it."

http://davidk.myweb.uga.edu/

[El Pinko]

5. An oldie but a baddie.

Doesn't even mention how the poorest 4 in this microcosm work the hardest, but are paid only one thousandth as much as the rich fellow for their labors, and the rich fellow basically just sits and watches the other guys work...

[Blue State Bandit]

6. Who is the tenth guy?

The author seems to forget,

the tenth man made his fortune cheating the other 9.

[casus belli]

7. Here's a rebuttal...

The "tax" system presented does nothing to explain the distribution of wealth among the participants. In the above example, the 10th person who paid $59 for his share of the beer controlled 70 dollars out of every hundred the men made collectively. Conversely, the bottom four combined made less than a dollar.

[Lasher]

8. That's good.

Hone those skills, we'll need them as November draws ever closer. Republican liemails are picking up.

[radfringe]

12. the 10th person

tells the rest that the beer will trickle down, and proves it a short time later by trickling piss on everyone's shoes

[casus belli]

13. LOL!

That was good, thanks for the laugh.

[Arctic Dave]

9. Yeah

Everytime I see this, I think to myself; someones been sniffing Ayn Rand fumes again.

[radfringe]

10. Busted

http://www.truthorfiction.com/rumors/t/taxcuts.htm

"How Tax Cuts Work"-Unproven!

Summary of the eRumor
This is an attempt to use a story to try to explain the complexity of taxes and tax cuts.

The Truth
The biggest question about this eRumor is not so much whether it's an accurate picture of taxation as to who actually wrote it.

The most recent version that has circulated on the Internet attributes it to David R. Kamerschen, a professor of Economics at the University of Georgia.
On his web site, however, he denies that he wrote it and says he doesn't know who did.
How his name got attached to it, he does not know.

Different version says it was written by another university professor, T. Davies of the University of South Dakota.
He too denies that he wrote it.

So its origins is still a mystery,.

[radfringe]

11. more busting

http://davidk.myweb.uga.edu/

Complete vitae available online. Contrary to Internet folklore, Dr. Kamerschen is NOT the author of "Tax Cuts: A Simple Lesson in Economics." Additionally, he does NOT know who wrote it.

DR. DAVID R. KAMERSCHEN is a Distinguished Professor of Economics and holder of the Jasper N. Dorsey Chair at the University of Georgia, Department of Economics, Brooks Hall, Athens, GA.

Professor Kamerschen was born in Chicago, Illinois. His education is as follows: B.S. 1959, Miami University, general business; M.A. 1960, Miami University, economics; Ph.D. 1964, Michigan State University, economics. Dr. Kamerschen was a Graduate Assistant and Instructor at Miami University; Assistant Instructor at Michigan State University; Assistant Professor, Washington University; Associate Professor and Professor at the University of Missouri; and, since 1974, has been at the University of Georgia where after serving two terms as Department Head, is currently a Distinguished Professor. He has also acted as visiting professor at L"Université Jean Moulin in Lyon, France for four years (1992, 1995, 1997, 2001) at the University of Lodz, in Lodz Poland for one year (1992), and Professor in the University of Georgia Study Abroad Program, University in Avignon France (2001). He is the recipient of the national Outstanding Educator of America award several times and has been selected for a number of the University of Georgia teaching awards.