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Yamana Gold, Inc. Message Board

  • scratchyscrotum_ojai scratchyscrotum_ojai Aug 22, 2009 7:52 PM Flag


    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

    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 beer 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

    The seventh now pay $5 instead of $7

    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
    (1 6% 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

    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 important.
    They didn't have enough money between all of them for even half of the

    And that, boys and girls, 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

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