Brains Not Included

Cracked Up, Whacked Out and Completely Out of Control

Bar Stool Economics – The Analysis

We’ve all seen the bar stool economics email, right?  The one where the 10 buddies go to the bar and they all pay according to their ability rather than dividing the bill up equally.  (by the way – this is a communist principal ….each according to their ability to each according to their need…. but that’s for another post, let’s move on.)

Well my lovely bride sent this email out to a friend of hers and he responded with a well thought out recalculation.  I won’t go into his response in detail because this post is not about the numbers.  This post is all about the fact that he needed to respond in a way that would prove his point.

His analogy was to point out that his grand father, a very wealthy man in his own right, paid less tax than a lot of people that mad eless than he did.  His analogy showed the wealthy guy paying less than the others as a percentage, thereby creating a deficit to the bar owner, he also disparages his grand father for only paying Social Security Tax to a certain limit.

While he had a decent analogy, he forgot one thing.  The people that put the SS tax in place were the democrats and the people that started the ‘tiered’ system  of taxation were democrats. Regardless of the reasoning behind these ‘systems’ the truth of our day and of this political environment is that the current system is used to pit one American against the other.

So here we sit. Al off us Americans…..many of us in the same tax bracket……taking a simple analogy of how our tax system works and turning it into some complex manipulation of numbers to show how it all ‘really’ works! LOL

and I say, isn’t that the real problem anyway?!!?

Don’t we need to quit worrying about what other people make and/or pay and go to a system that doesn’t promote class warfare? I look at the parties and I see one side always trying to tax the heck out of me and I see the other always trying to remove taxes from me. But then I see one party trying to legislate morality while the other isn’t.

I say the government should stay out of our wallets AND out of our bedrooms. It’s a shame we don’t have a singular choice that meets both tenants. In the end I vote for the party that stays ‘mostly’ out of my wallet. That would be the Republicans ….this year anyway….

Oh and BTW – This current economic crisis was not caused completely by the Republicans. It was caused mostly by the Dems. I know because I have followed the issue for years and have railed against the abuses in lending for years. I’m in the mortgage/real estate industry and I watched this crash coming.

There is no debating that the democrats staved off heavier regulation of the GSE’s and that the Republicans the Bush Admin. wanted more regulation on those companies.

Visit this link and watch the politicians say in their own words:

It’s also no secret that J. Carter created the Community Reinvestment Act and it was Clinton who expanded it and forced banks under the threat of a law suit to prove that they were making loans in ‘under developed’ communities. This act essentially created the Sub Prime mortgage market and forced banks to make loans to people that couldn’t afford them.

We can go into all the predatory lender comments and bad players and play the blame game, but everyone needs to realize that these players would never have existed if a playing field had not been created for them to play on. This field was created by the expansion of the Community Reinvestment Act and through the lack of the political will of Democrats on the hill to allow tighter regulation of the GSE’s

These facts are undeniable. So here we sit, good people, reasonable people and knowledgeable people, arguing (in a playful way of course) over who to vote for. We are probably very close in our belief systems but the pimps from both parties have achieved their goal…..they’ve gotten fairly like minded individuals to play the ‘class warfare’ game and even have some people disparaging their own grandfather to make thier point.

We all need to band together and find a way to remove these pimps from office. The socialist and the facist need to go and we need to elect some people that truly understand that our nation was founded as a Democratic Republic and not a democracy. We need the Fair Tax so pimp politicians can’t pit good people against each other even if we are against each other in jest.

Much love for everybody’s passion in taking the time to recalculate but I think they may have been blinded by a little ‘class warfareism’ with the response.

Take care and hope everyone is making it through this down economy.

Read this and other comments on my blog I would love to get your feedback. Remember when you read it, I said brains NOT included, that would mean the politicians and MINE! LOL


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One Response

  1. Gazza says:

    FAIR TAX the only way.

    I dont know about the Gov in our bedrooms, Does your bride know? They’re not in mine unless these new smoke detectors have cams now.

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