An economics professor at a university said he had never failed a single student before but had, once, failed an entire class. That class had insisted that 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 socialism.
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. 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. But, 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.
The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for the benefit of anyone else. All failed, to their great surprise, 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.
Thoughts? Is this just a bunch of conservative propaganda or is it a good depiction about what "socialism" is? Anyway, I found it interesting... I couldn't help but remember something I wrote up when I was a junior in high school. Link's here. :]
And another topic to lengthen this post: the theory that lowering taxes will increase government revenue. So, let's look at this. Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 28%. George Bush then dropped it to 15%. Both times, though, government tax revenue increased. Check out this article here.
So, what do you guys think about this? Good idea, bad? DISCUSS WITH YOUR COMMENTS.
Random Fact of the Day: Dolphins don't breathe automatically, which means they're technically never completely asleep or anything like that. Check out the article :p
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