Is this man truly a genius?An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class.That class had insisted that Obama's socialismworked and that no one would be poor and no onewould be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on Obama's plan".All grades will be averaged and everyone willreceive the same grade so no one will fail andno one will receive an A.... (substituting gradesfor dollars - something closer to home and morereadily understood by all).
After the first test, the grades were averaged and everyone got a B.The students who studied hard were upset andthe students who studied little were happy. Asthe second test rolled around, the students whostudied little had studied even less and the oneswho studied hard decided they wanted a free ridetoo 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.
As the tests proceeded, the scores never increasedas bickering, blame and name-calling all resulted inhard feelings and no one would study for the benefitof anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort tosucceed is great, but when government takes allthe reward away, no one will try or want to succeed.These are possibly the 5 best sentencesyou'llever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperityby legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must workfor without receiving.
3. The government cannot give toanybody anything that the government does notfirst take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the ideathatthey do not have to work because the otherhalf is going to take care of them, and whenthe other half gets the idea that it does no goodto work because somebody else is going toget what they work for, that is the beginningof the end of any nation.
Please forward to those who voted for Obama !
SM1's BLOG 4 U: AN AGGREGATION OF CONSERVATIVE VIEWS, NEWS, SOME HUMOR, & SCIENCE TOO! ... "♂, ♀, *, †, ∞"
Sunday, June 30, 2013
Economics Professor
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