Do you believe the government has enough of your tax money to accomplish what it needs to do?

How much "change" can YOU afford?
As I continue my series about YOUR tax dollars I thought I’d start a new series to run alongside it called “how much will THAT cost?“
In this new series I will go down the list of promises B.O. has made, comment, cite statistics and give a better idea of just how much of an economic impact each promise is going to make to our pocket “change.”
To kick off the new series I thought I’d give a lighthearted analogy called “Bar Stool Economics” I picked up somewhere on the internet. Thank you Dr. Kamerschen, Professor of Economics, University of Georgia.
Our Tax System Explained: Bar Stool Economics
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 got’
‘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 important. They didn’t have enough money between all of them for even half of the bill!
And that, ladies and gentlemen, 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 friendlier.
…to be continued
Money Buys Everything: Will the Homeless or Snubbed Wounded Soldiers Bite?
July 26, 2008Newly Painted 757
As we all know, BO is spending a week overseas. Presumably to add foreign policy credentials to his resume. With him hiring 300 (THREE HUNDRED) foreign policy advisors how could he do wrong? How much did that cost I wonder.
I heard bits and pieces of his speeches while he was away. I found it disingenuous that he told our foreign friends that he was not there to campaign but rather there as an American citizen. He went on to say “he looked different” – I take offense to him throwing out the race card – yet again. I don’t believe Condilisa Rice or Colan Powell say that when they visit our foreign friends. Shame on you Obama.
Then, while in Germany, two different military base visits to wounded soldiers were cancelled. The story varies-depending on who’s telling it.
The Pentagon issued a statement that regulations prohibit a candidate for office from being accompanied by campaign staff when visiting a military base.” Senate staff would have been OK, but, as it turns out, campaign staff is all he had in tow. Clearance for his plane to land on the base was authorized. Could he have left his campaign staff on board the plane for awhile or was visiting the soldiers becoming too much of an inconvenience?
The Obama campaign has indicated the Pentagon interfered with its decision to visit U.S. troops at the Ramstein and Landstuhl U.S. military bases in Germany. Well… in BO legal speak that’s technically true.
So… If Mr. Obama was not overseas to “campaign” to foreign countries-as he stated in his speeches–why is it that the only staff he had on board his newly painted plane were campaign staff?
I’ve also heard rumblings that while in Afghanistan, Obama snubbed the soldiers – although I can’t verify the validity to that rumor.
And while I’m on the subject of Obamas’ behavior. Is it just me or does he seem to be trying to demonstrate all the suggestions printed in the book titled “The Secret”? (Didn’t his good friend 0prah have a show about it?) He’s ACTING like he’s already President — just like the book would suggest. He’s calling his plane “O Force One.” His staff was overheard referring to him as “President Obama.” Isn’t this behavior a bit too much make believe? Or is it arrogance?
Today while BO is in London I can’t help but reflect how much money he’s been spending. He raised $52 million in June and will NEED every penny because his campaign has 1,400 workers on the payroll and is still hiring more. If you’re with the “change” machine — money is no object. Is there anything that leads you to believe there will be a “change” of spending habits once he has access to your tax dollars?
Here, back in the states, whispers of how Denver plans on hiding the 4,000 homeless people who call downtown Denver “home” has started erupting in the news.
Is the Democratic National Convention trying to sanitize the streets of Denver for the big event? Denver states “They will not ’sweep’ homeless people away or try to hide them, but will seek to engage them in the process.” That process is to offer free movie tickets and free bus tokens to the homeless. Others will stroll around the Denver Zoo or Museum of Nature and Science. And others will play bingo.
“This isn’t unusual … The whole homeless provider community routinely offers access to public events for people experiencing homelessness,” a spokesperson said.
Wouldn’t it be a gas if a reporter went undercover as a homeless person to see if they sign them up for the vote like rumours allege?
Why don’t they invite the homeless to the DNC events for the community experience? Everyone else seems to be going.
It’s not just the Denver homeless. Advocacy groups and shelters across the country have stepped up efforts to register the 3.5 million homeless for this years’ vote.
Has anyone stopped to consider the vast amounts of money being spent?
Has a single voter – in a lucid moment – stopped to consider a single thing that BO has done that indicated a reigning in of our tax dollars? What makes you believe he will treat your tax money any differently than his campaign money? It’s all “free” money, right?
Every time I turn around I see more money being poured out. His campaign promises will all cost not only more tax dollars but will include hiring of more government employees.
Has anyone stopped to think who’s going to pay? Those will be YOUR tax dollars.
Do you really believe that after he’s squeezed every cent out of “them” he isn’t going to come after YOU through added EXCISE taxes?
My question remains the same…
Do you believe the government has enough of your tax money to accomplish what they need to do?