Sunday, January 29, 2012

News That Is A Day Late and A Dollar Short

Thanks to all my Facebook friends for most of this material

Bookmark and Share From Lancaster,Ohio 1/28/2012 A MY QUALITY TIME POST

I know Thomas Jefferson liked Mac&Cheese

Video: TJ’s Mac & Cheese

See how to make Thomas Jefferson’s favorite comfort food…………………………………………………..

Suppose to be able to see a face in next photo

If you can see the face SHAREBookmark and Share……….

Guist Brothers… Swamp People on History

Guatemala Looking to Cash in on 2012 Doomsday Theory. I think the Guist brothers are ready..

ONE WAY TO LOOK AT IT::::::::::::::::::::::

Let’s put (income) tax cuts in terms everyone can understand. Suppose that every day, ten men go out to dinner. 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 $7, the eighth $12, the ninth $18 and the tenth man – the richest- would pay $59. That’s what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day the owner threw them a curve (in tax language, a tax cut).
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily meal by $20.” So now the dinner for the ten only cost $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 eat for free. But what about the other six – the paying customers? How could they divvy up the $20 windfall so that everyone would get his “fair share?” The six men realized that $20 divided by six is $3.33. If they subtracted that from everybody’s share, then the fifth man and the sixth man would end up being paid to eat their meals.
So the restaurant owner suggested that it would be fair to reduce each man’s bill by the same amount, and he proceeded to work out the amounts each should pay. The fifth man now paid nothing, the sixth paid $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59. Each of the six was better off than before and the first four continued to eat for free.
However, once outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20” declared the sixth man, pointing to the tenth, “But he got $7!”
“Yeah, that’s right!” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got seven times more than me.” “That’s true!” shouted the seventh man, “Why should he get $7 back when I got only $2? 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 he didn’t show up for dinner (or, in the real world, he took his business out of the country), so the nine sat down and ate without him. When it came time to pay the bill, they discovered, a little late, what was very important. They were $52 short of paying the bill. Imagine that!
“…And that, boys and girls, journalists and college instructors, is how the 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 at the table anymore. Where would that leave the rest? Unfortunately, most taxing authorities anywhere cannot seem to grasp this rather straightforward logic!’
The end
Author unknown………………………………………….

Photos from 1950-1960


 WONDERFUL Castles Around The World


Thanks “Buster” I needed a good Disclaimer.Gotta Cover My Ass

Thanks for stopping by and eye hope you enjoyed the post. Reporting from Lancaster,Ohio; Joe Todd

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Chuck Asay


Glenn McCoy

1 comment:

Lona said...

Okay you just had to put that eye in there again didn't you? LOL!

Some great things in this posting Joe. Now I like the Guist brothers. I just wouldn't want to meet them in the dark. LOL! They are comical to watch though. Country folk!

Are forefathers were pretty smart. It is a shame our future leaders are all idiots.Well at least I am one that does not have much confidence in them if what is leading now and running now is the best of the lot.