AlamoPA Mailing List: Lesson in economics... good read....]

[Bob Heiser (w7ikt]

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*Professor Fails Entire Class*

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 socialism worked and that no
one would be poor and no one would 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 will receive the
same grade so no one will fail and no one will receive an A....
(substituting grades for dollars - something closer to home and more
readily understood by all).
After the first test, the grades were averaged and everyone got a B. The
students who studied hard were upset and the students who studied little
were happy. As the second test rolled around, the students who studied
little had studied even less and the ones who studied hard decided they
wanted a free ride too 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 increased as bickering, blame and
name-calling all resulted in hard feelings and no one would study for the
benefit of 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 to succeed is great, but when government takes all the reward away,
no one will try or want to succeed. Could not be any simpler than that.
(Please pass this on) These are possibly the 5 best sentences you'll ever
read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy
out of prosperity.
2. What one person receives without working for, another person must work
for without receiving.
3. The government cannot give to anybody anything that the government does
not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work
because the other half is going to take care of them, and when the other
half gets the idea that it does no good to work because somebody else is
going to get what they work for, that is the beginning of the end of any
nation.