Originally posted by Rob
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Fun Stuff...Off Topic(O/T)
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Time For Some Jokes
Three nuns were talking. The first nun said, "I was cleaning in Father's room the other day and do you know what I found? A bunch of pornographic magazines." "What did you do?" the other nuns asked. "Well, of course I threw them in the trash." The second nun said, "Well, I can top that. I was in Father's room putting away the laundry and I found a bunch of condoms!" "Oh my!" gasped the other nuns. "What did you do?" they asked. "I poked holes in all of them!" she replied. The third nun fainted.
two in one grave
A woman and her little girl were visiting the grave of the little girl's grandmother. On their way through the cemetery back to the car, the little girl asked, "Mommy, do they ever bury two people in the same grave?"
"Of course not, dear," replied the mother, "Why would you think that?"
"The tombstone back there said...
'Here lies a lawyer and an honest man.'"
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Latest financial truisms.
+ The US has made a new weapon that destroys people but keeps the building standing. Its called the stockmarket.
+ What's the difference between a guy who lost everything in Las Vegas and an investment banker? A tie!
+ The problem with a bank balance sheet these days is that on the left side nothing's right and on the right side nothing's left.
+ I want to warn people from Nigeria that if you get any emails from Washington asking for money, it's a scam. Don't fall for it.
Get rich cleanly
Mother decided to trim her household budget. Instead of having a dress dry-cleaned, she washed it by hand.
Proud of her savings, she boasted, "Just think, Fred, we are five dollars richer because I washed this dress by hand."
"Excellent," Fred replied. "Wash it again."
The recession's toll -- Part 1
Starbucks profits are down so much that in the last few months they’ve had to close over 200 stores. And that’s just on one block. -- Conan O'Brien
The recession's toll -- Part 2
Judge Judy to prostitute : "So when did you realize you were raped?"
Prostitute, wiping away tears: "When his check bounced."
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
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"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
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BAR STOOL ECONOMINCS
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 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 (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 did!"
"That's true!!" shouted the seventh man.
"Why should he get $10 back when I got only two? The
wealthy get all the breaks!"
"W ait 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 tim e to pay the bill, they discovered something
important. They didn't have enough money between all of
them for even half of the bill!
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, or 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
For those who understand, no explanation is needed. For those who do not understand, no explanation is
possible."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
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Last night I talked with a 97 year young lady from Milan, Ohio, birthplace of Thomas Edison. She was there as an 11 year old the last time Edison visited his hometown along with friends Henry Ford and Harvey Firestone. Still sharp as a tack she mentioned watching the WWI veterans returning home by train in 1918.
Edison has a great grand nephew still living in the area. Twice I was supposed to meet him but as yet haven't. He plays a musical instrument that is activated without touching it. Called a Theramin, it emits waves of sound that are distorted by hand movements near it. You've probably heard the Theramin making those scarry sounds in bad science fiction movies especially when alien beings are encountered.
---------------billy
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Originally posted by Websman View Post
I caint say nothin' agin OH napier since he must have more brains than me sinced he's got a website and I caint figger how ta do one fer meself.
-------------billyjoe
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Originally posted by billyjoe View PostI caint say nothin' agin OH napier since he must have more brains than me sinced he's got a website and I caint figger how ta do one fer meself.
-------------billyjoe
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IIC Ya Killing US
Originally posted by IIC View PostBAR STOOL ECONOMINCS
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 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 (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 did!"
"That's true!!" shouted the seventh man.
"Why should he get $10 back when I got only two? The
wealthy get all the breaks!"
"W ait 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 tim e to pay the bill, they discovered something
important. They didn't have enough money between all of
them for even half of the bill!
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, or 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
For those who understand, no explanation is needed. For those who do not understand, no explanation is
possible.
Wow keep those comments short .......whose got time to plow through that. Last book I read that long was "war and peace " LOL
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Peter...What would you rather do...Look at a bunch of broken down charts...or read Fun Stuff???"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
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