‘The Obama Experiment’ Causes Economics Professor to Fail Entire Class

This anecdote taken from facebook gives an analogy of economics through redistribution, enjoy…

 

‘The Obama Experiment’ Causes Economics Professor to Fail 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..

 

Resist and Stack Silver
 

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. It could not be any simpler than that.Remember, there IS a test coming up. The 2012 elections.

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.

Read Here…

  • Gene

    Anyone here who doesn’t get this story hasn’t lived under socialism (not
    communism) and hasn’t looked at any country that has tried it. Name
    one socialist country that is actually prospering – including US at this
    point (as we’re almost there already).

    • jcasey

      Guess what, public education for our children is a socialist system, does it work? Yes, more or less, I think teachers should receive raises based on student improvement, but for better or worse, it works. In Canada, our healthcare is a socialist system, does it work? Yes, sure we have a little longer wait times than the U.S., but everyone works towards improving it, and it has, because it affects all of us. At least we don’t have 1/10th of our population uninsured or people going bankrupt because they get sick. Also in Canada, our socialist healthcare costs 8% of our GDP. U.S. healthcare currently costs 18% of your GDP. There is nothing wrong with socialist systems, so long as it benefits all and there are limits in place so no one can abuse it. For example limits should be imposed on how many times and the duration you can be on welfare or unemployment.
      insurance.

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  • Filipe Castro

    He is a moron.  This has nothing to do with socialism.

    • Juan Orozco

      You’re the moron, moron! It’s an example of how Socialism takes from some to give to all…exactly what the professor did with the grades.

      • daniel S

        Have you read anything on socialism? From what I have read, this is not socialism at all.

  • Smithinson1884

    Not really a truly scientific experiment, controlled variables are too numerous in real economics. How about giving 1 percent of the class access too all study material and the rest a few scraps etc.

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  • Ilwuk

    I can’t believe this is a real professor – if he is, he’s an idiot and so are his students for being suckered.!
    His example hasn’t ‘described’ Obama’s policies – all he’s proven is that Marxism doesn’t work because man is basically greedy and selfish. Didn’t we already know that?
    Unadulterated capitalism doesn’t work either for the same reason – especially in a world where resources are becoming more and more scarce.
    Now don’t get me wrong, I am not a wet blanket wanting to give people handouts for doing nothing, in fact nothing gets me more exasperated than the way my hard earned taxes are given to people that do not deserve them in the UK. However, I am quite happy for those same taxes to be used to help lift people who want to make a life for themselves out of poverty and to help make sure people have access to healthcare, education etc. I think it’s a sensible middle ground and this bogus university professor seems to be giving his students an irresponsible lesson.
    I wonder what would happen if the ‘professor’ told his students that their marks would be like cash and give them the ability to ‘buy’ resources to complete their next assignment. Resources would be say the coursework that they are learning. After a few assignments the most intelligent in the class (NO MATTER HOW HARD THE REST OF US WORKED) would hold all the resources, and the rest of us would be failing and dropping out because we would not be able to complete the assignments. This example would describe the ever widening poverty gap caused by unchecked capitalism, and I suggest it is this gap that Obama is trying to bridge. Anyone that suggests Obama is a Marxist (as this professor seems to be doing) is either insane or stupid.

    • eyeswideshut

      WOW….Do you not live in America today? THIS IS WHAT IS GOING ON YOU IDIOT!!!! Just b/c you voted for him….you can finally admit that he is a shitty president. HE IS TRYING TO TAKE FROM HARD WORKING PEOPLE AND GIVE TO THE IDIOTS LIKE YOU THAT DO NOT WANT TO WORK….THIS SYSTEM JUST DOESN’T WORK….OBAMA IS TRYING TO USE THE MARXIST SYSTEM…..OPEN YOUR EYES

    • Trey

      Why are guys so blind on how the government is running things? Why will you guys not do your homework and see who’s really in office? You guys are the ones who are helping these terrists destroy this country without you realizing. Because you don’t do your homework. This is exactly like Socialism. Your bringing the middle man and high man down to their knees. While the man without a job that doesn’t give a damn about this country and lives off of others. Granite there are people out there that are trying to get a job but can’t because the government is destroying these small businesses that help these people have jobs and want to work and provide for their families. Look all I’m trying to say is what Obama and the people that he works with. Need to be shot for treason. For everything they have done to go against the constitution and our rights as American citizens. And people that vote for these guys really need to wake up and do their homework before it is to late. I’m not against helping the needy but I’m against the part where these programs are being abused. To many are living off of food stamps and and things like that. That it sounds like this country has a mind thought saying “what can the country do for me?” Instead it needs to say ” what can I do for my country?” Please stop helping these terrist and do your homework. I love my country.

  • Luckyrook

    Really, this didn’t happen. Give me one college that would accept this as their standard. Secondly, the below comment is correct. This reflects communism, not socialism. They are not the same. It’s the square and rectangle theory. Could you say our President leans towards communism? I won’t answer that question but look at who his mentors were and what he mother and father, being a distant example were. They were. I may get his name wrong… Frank Marshall Lloyd was an appointed mentor to him by his grandfather on his mother’s side. Our President mentions him by first name many times in his autobiography. Frank Marshall Lloyd or Lloyd Marshall was a card carrying Communist who was on the State Departments list to detain had the cold war turned hot. He is a socialist, but he is not a declared communist.

    • eyeswideshut

      “communism” and “socialism” are almost one and the same…..taking from the hard working people that have a drive and want something more in life….and giving to the retards that are lazy and want me to pay their way.

  • Rodger

    Researching on line seems to account for the event at Texas Tech and it may have been in 2009. Will investigate further to validate or invalidate. To Liberials  contributors…why do you attack by differentiating socialism form communism when the issue is FREE MARKET. This story will not go away, in fact I hope all who have seen the post, repost it. I wish a psycological study were initated to study the correlation of reward to effort. OH wait a minute…that has been started with Pavlov and Jamestown settlement in Massachusetts,

    • Guest

       Jamestown settlement in Massachusetts? Someone needs to brush up on U.S. history and geography. The original Jamestown settlement is in Virginia you dolt.

    • daniel S

      It’s not an accurate representation of what’s happening in this country or what socialism is.

  • liberal

    No name professor at a no name college apparently doesn’t know what “socialism” is. There’s plenty to criticize without making stuff up!

  • Bert

    This is complete and utter ignorance.  If this “professor” would have wanted to carry out “The Obama Experiment”  properly, he would have used his brain and done it as such:  The A and B students would be required to assist in tutoring the C, D and F students prior to all tests.  The A students would still be studying as usual, but they would be helping a fellow classmate attain a better grade.  Those that chose not to participate in the study hall, nor study on their own would still receive the lower grades, and would have failed on their own.  But on an average, the entire class grade would increase.  It’s this fundamental misunderstanding of what Obama’s economic plan actually entails that is beginning to harm our country.  Until idiots like this “professor” understand that he’s only making an ass of himself, and doing more harm to his students by blaming someone for something they aren’t trying to do… I’m afraid we may not progress as a whole.  So very sad that our society is held back by “educators” such as this.

    • alex707

      No, what you said is not accurate. The rich get taxed more and this money gets redistributed via welfare plans etc. So A students would give a percentage of their grade to the teacher, and the teacher would redistrubute that percentage to the low grade students. So take 20% away from A students, 10% away from B students, and give F and D students those points. The class average as given in this example is exactly how our tax system works. The average would end up being everybody’s grade. The difference is our tax system requires a middleman to pay people out of the tax money collected… so that would be like the teacher giving himself a % of the points he collected… or employing students from another class to do so. Those students from both classes would make up the public and private sectors. The other class (public sector) would then give the teacher a % of their grade (which came from the points collected from the private sector/class). Basically our government acting as a middleman absorbs the taxes we pay so less gets redistributed… meaning a lower class average.

      • Gagnons5

        Alex, interesting points.  However, if the economics professor’s example were actually true (which it’s not because it better represents communism), our rich would stop accumulating wealth, and choose instead to be poor in order to get their share of the handouts.  This is a made-up story, anyway, and one that is clearly not thought through very well.

        • daniel S

          I think that’s a consideratoin to make but not entirely accurate. Not all rich would stop accumulating wealth.

    • jeff

      To use the classroom analogy what grade do those that do not even show up to class get? There isn’t even a requirement that roll call be taken! They are allowed to graduate despite grades. BTW; what were Obama’s grades?

    • eyeswideshut

      But the same would go as the grades. Obama wants everyone on equal ground regardless of the effort put forth….ie: Socialism and Communism…..They are so closely related they could be twins.

  • RWidiots

    I haven’t gotten my redistribution check yet. Anyone else? Anyone?

    That’s what I thought.

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  • http://profiles.yahoo.com/u/LHOAAAUAYQWXU2X7R5XALT64S4 Caligula

    There is a similar rule among programmers.  10% of the coding does 90% of the work while you do the other 90% of the coding to cover the remaining 10% of the work.

    People, like code, tend to have specialists and then those same bits that come floating up all the time.  The workforce is structured similarly.  Therefore those with the rarest and least used jobs tend to earn more than those with the most commonly used jobs, regardless of actual skill level required at those positions beyond the menial (e.g. one of the bits that comes up floating all the time).

    We tend to only notice the center 66% of the bell curve and ignore the cases on the outliers, only now the former outliers are moving our bell curve so that looked at sideways its a slightly sagging breast looking graph of the economic situation with an eventual vertical asymptote to infinity from the left. If you’ll pardon the pun.

  • http://www.facebook.com/bamacatfish Jody A Johnson-Foote

    Unfortunately there is no proof either way that this is true. Wish it were but it doesn;t explain the axiom that 80% of the people do 20% of the work and 20% do 80% of the work ~ Pareto Principle. http://www.snopes.com/college/exam/socialism.asp

  • Tyizsik

    Obama is not a socialist. People use the internet and watered down explinations of examples like this, to reinforced their jaded points. Yeah this class expirement is an example of socialism, but how paranoid are you that you think obama is going to turn this country into a socialist hell hole? Has it happened yet? no. Will it happen? still no.

    • Halasek123

      Learn to spell before you criticize..

      • honeytits

        spellin is irrellevant to the point.

    • Luckyrook

      Wow! What hole did you come out from being under. Yes he is a socialist. Look at his politics. He will openly agree he is. Socialism isn’t a damn crime so no one is blaming him of something malevolent. Goodness sakes. Let me guess, high school education and you subscribe unflinchingly to MSNBC. Please someone keep this sort of people from making any more comments. You’re breaking my heart.

      • Smithinson1884

        According to Merriam-Webster, socialism is “Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.” Alternate definitions include a “society or group living in which there is no private property,” and “a system … in which the means of production are owned and controlled by the state.
        Let me see. Do you happen to own any private property? Furthermore, socialism has been around long before obama, schools, police, fire department… All social institutions. If your thinking about communism we arent there either, try.growing up in any soviet country.

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  • Missology

    The above is a decent analogy regardless of the inability to confirm that it really happened. Obama wants to punish success whether it be doctors with his healthcare disaster or large and small business owners for making too much money. Punishing the wealthy thru taxation won’t work without hurting those he claims he wants to help ie the majority of this country…… He has a very short sighted economic understanding when he thinks his policies will work without the destruction of this country as we know it…..perhaps that’s the real agenda…..in disguise.

  • Guest

    Listen, I am partial to socialized medicine however Obamacare is to F ed up. The system is set up to go after the profiteers of health care.. the hospital managers and insurance big wigs which is great cause they don’t do shit and literally steal money from people who are hurt. What I am saying suck about Obamacare is the fact that it goes after doctors as well. Why should I spend 200k on school and 7+ years of my life to get paid shit? Yeah, I want to help save peoples lives but you have to make me want to spend the time and heart ache to do it. Doctors are not over paid for what the go through. Obamacare is making the already low number of doctors dwindle more and more. My hope is that after Obamacare is in place the doctors quit and only work on friends. The reason this country has the best health care is because the doctors are the best because they study hard for their hard earned salary. 

  • Asasdasda Asdasd

    This is the same logically unsound story that has already done its rounds on the web now changed so that Obama is a part of it.  This type of thinking is down there with http://www.youtube.com/watch?v=Y4yBvvGi_2A .

  • http://www.facebook.com/people/Dean-Powell/100000280723983 Dean Powell

    Remember that in the former soviet union, people in breadlines were convinced by propaganda that their government model  was a superior way of life.  When the USSR collapsed, and Russian citizens came to America for the first time, they could not believe our grocery stores were filled with aisles and aisles of food choices. No rationing, no limits.

    Unfortunately this brilliant economics professor is the exception to our universities today, filled with mostly those that tout Obama’s failures as success, just like they did in the former soviet union. And remember, the soviets knew beyond a shadow of a doubt that Americans were oppressed, weak, and impoverished before the veil was lifted.

    This story should be shared with everyone! There is a war going on for the soul of this country. To do nothing is what the soviet citizens did before. We must not let Obama take us down the road where failure and misery has met every country that embraced the socialist/communist lie.  

    OMG = Obama Must Go!

  • John

    Amen!

  • Alex

    Aka Trickle Down Poverty, the problem with funding things with other people’s money is that eventually one runs out of other people’s money.

  • http://www.facebook.com/people/Dan-Gorenstein/617803693 Dan Gorenstein

    A socialist President is a terrible thing to have, no question about it.  Good thing Obama DOES NOT COME CLOSE to fitting the description of one. Referring to him as such goes beyond mere hyperbole, it’s just plain idiotic.

    • Anonymous

      Actually, his face should be included in the definition because He is exactly fitting to the description. He is really trying to change his title from president to dictator, however people will not allow that.
      He passed N.D.A.A, and more recently H.R. 347…..He should be impeached!

    • Alex

       If you don’t think that Obama is a socialist president, you have your head in the sand and sir, are a nincompoop.

    • http://www.facebook.com/profile.php?id=100000241976486 Randy Spate

      wow dan… still drinking the damn koolaid eh??

  • http://profile.yahoo.com/LXFURDYLZR27D6ZLQWW72HU37I Robert

    Only a little more that 49% of this country is paying taxes!  What’s the old saying?  We are in trouble when there are more people in the cart than are pulling the cart.

  • Anonymous

    Any main stream news outlets willing to share this on prime time? What a wonderful story that many more people should get the opportunity to think about for a while.  Urban Legend or not, still a great lesson. 

  • Lindsay Palmer

    Is there a bumper on your ass???

  • Patberk25

    Very true article!!!

  • http://www.facebook.com/Jahuel Rob Close

    Except that this is simply an urban legend.

    http://www.snopes.com/college/exam/socialism.asp

  • Nzett86

    Those last “5 sentences” is actually a spoken paragraph by Dr. Adrian Rodgers, somebody give some damn credit here.

  • Floydian3x5

    @kilroy238, I applaud the fact that you spent some time analysing the experiment, however the working world is not the same as the school world. You and obama can both go to hell. The working class, (blue collar workers), of the working world will quickly realize that they too are supporting the pond scumb welfare rats and that it is making it harder for them to get ahead than the folks in the upper class. It then causes the blue collar folks to slow down thier desires to make a little more, and causes them to make just enough to get by, because making a little more just gives the government more to give to the pond scumb welfare rats. It will eventually  turn to civil unrest and disobebience, then to violence. obama has done only ONE good thing, IT, (obama), has caused more people to sit up and pay attention to what OUR ( “our” used loosely ) government is doing. That is what this country needed is more eyes opened. obama is on his way to biting off more than both he AND that sow of a wife can chew.

    • Guest

      you need to look up what socialism and communism are, what your talking about is communism and no it doesnt work. socialism however does work because many countries have adopted and have not turned to civil unrest and violence. socialism is about the government funding programs for all it citizens. for example, socialized health care means that it is not privatized and treated like a business. it means that people dont have to pay money to visit a doctor.  

      • Guest2

        Do you live in a country where healthcare is socialized?

        • guest3

          The Socialized countries of Europe are bankrupt….it just took longer than Communist countries.  The end is still the same…. Stealing from the rich to give to the Dysmotivated makes everyone Dysmotivated and poor.

          • joeboosauce

            You generalizations like that show ignorance. Germany is a powerhouse right now. The #2 world exporter. Was #1 before about 2008 contrary to popular perceptions that believed China was always #1. They are hardly bankrupt fool. Such ignorance on the conservative side. You people don’t understand the words socialism and communism, yet you use those words as if you know. Ignorance, no?

      • Bryce

        Then who is paying the doctor?????

  • http://picasaweb.google.com/kilroy238 Kilroy238

    I’ve been having a go with some folks on FB with this as well and found this very well written essay on it  Those who applaud it really have no clue what socialism is.

    Taken from 
    http://www.americaispurple.com/?p=88 So a couple observations about this.1) The above story is not about socialism at all, it’s about communism. If the students think that “Obama’s Socialism” means that there won’t be any poor people or rich people, they’re stupid on several levels.  For starters, socialism does not mean there are no rich or poor people.  Look at socialized Europe.  No rich people or poor people there!  No wait, that’s completely wrong.  The only difference between the poor here and in socialist Europe is that their situations are slightly better.  They may not have any money, but they at least have access to things like health care.  Secondly, while Obama may or may not have some socialist views, he’s certainly no communist. He hasn’t put forth an plans for actual government takeover of anything.  (The health care reform bill mandates people buy health care but they’ll be forced to get it from private insurers.)2) The above story seems to be about a class of Young Republicans. The students cut their nose off to spite their face.  Seriously, who would give up a passing grade just because a few free-loaders are taking advantage of the system? Also, they must have been trying pretty hard to flunk everyone else because I went through college barely studying and got mostly “A” grades.  I can’t think that everyone in the class would completely fail (F average) unless they were actively trying to.3) The above story has a very, very low opinion of human nature, and the social skills of those students must have been nigh non-existent.  Has anyone here worked with someone who wasn’t pulling their weight?  I’m certain we all have.  What happens?  They become universally unpopular and people within the majority of the group bring them back into line, with beatings if necessary. This isn’t so much a story about the failure of socialism/communism as it is the failure of people who are only looking out for themselves to work together towards a common goal.4) I could come up with a more compelling story with the same scenario where a teacher decides to average the grades of the class and give everyone the same grade.  The smartest students in the class still want to pass, so they spend extra time with the dumbest students, tutoring them.  Everyone comes together to study hard and in the end everyone passes the class with an A.  Life lessons are learned. The real breakthrough happens when the female class nerd convinces the bad-boy slacker student who wasn’t studying to try hard, even though he doesn’t care about the class.  The slacker goes on to ace the last test, bringing the class average above the threshold for an A.  Everyone cheers.  Then he teaches the nerd how to love.  It’s very touching.5) The kind of people who find the above story compelling are likely the same ones who would react like the “smart” students did in the story.  “Oh, if someone’s free-loading, that means I’m not going to try.  Screw them!*”  (*And by “them” we mean everyone else in the class, myself included. The slackers were going to fail anyway so they haven’t lost anything.) It’s the kind of people who would shut down their business to avoid paying an extra 3% in taxes.6) If the professor “Once failed an entire class,” because they were fans of “Obama’s Socialism,” it must have been recent.  Obama’s been in office for a little over a year, yet the professor is telling this story as a “Once upon a time.”  I’m starting to think this never actually happened!  (Actually I started to think that when I first started reading it.)Socialism isn’t “The Great Equalizer” that conservatives paint it as, but what is it?  It’s difficult to answer that question for two reasons.  The first is that socialism has been stigmatized in the United States for years now and like Communism and Fascism seems to have taken on the meaning “Bad System of Government,” or “Style of Government that we don’t like.”  Secondly, socialism is a broad band of ideas stretching from light communism to hippie.  In it’s most common form however, and the way it would likely appear if it ever took hold here in America (which it won’t any time soon) would be Limited Capitalism.Capitalism is great because it allows people upward mobility, and for the most part people who work hard can make a decent living for themselves and their families.  The problem with Capitalism is the ability of greed and selfishness by a few to negatively impact a large group of people.  The goal of Limited Capitalism is to keep all the good that comes about from the Capitalist system but smooth out the outliers.  Make the poor a bit less poor and the rich a bit less rich.  Unlike Communism which would take everyone’s income and divide it “Equally” (some are more equal than others), socialism aims to provide fairness to a system that can at times become seriously out of whack.The hallmark of a socialist agenda is not government takeover of business (that would be communism) but employee-owned businesses and non-profits.  On a national scale, Socialism puts strict regulations on banks and businesses to protect the country, the employees, investors, customers and even to protect the businesses from themselves.  (A lot of people would be better off if the government had been paying attention and stopped the likes of Enron and AIG from destroying themselves.  Wouldn’t have required a bailout if they’d nipped it in the bud.)  There’s still capitalism, there’s still winners and losers, the winners still are richer than the losers, but it’s not a zero-sum game.The founding fathers of our country knew that human nature was prone to greed and lust for power, so they separated the government into three branches with checks and balances to prevent too much power being placed in the hands of too few.  Socialism is that in economics, trying to prevent the unchecked greed that has run rampant in wall street.  (Just look at the AIG execs who are throwing a fit about not getting their bonuses.)  Optimally, socialism is not hamstringing the good players, it is merely leveling the playing field.  Some aspects of socialism would do well for America, and some would not work so well.  One thing I would like is for people to argue the pros and cons of the system with the actual pros and cons instead of importing cons from other systems to prop up a straw man.The few aspects of socialism I’d like to integrate into our current system are some enforced regulation on wall street for the banks who have proven time and again that they cannot police themselves.  Too-big-to-fail banks should be broken up into smaller, non-life-threatening banks, and some limits should be placed on executive pay (Maybe ten or 100 times their lowest paid employee.  If their lowest paid employee makes $30k a year, they’d be capped at $300k or $3 million not $300 million.)  I’d like to see non-profit hospitals who pay their employees well and roll any extra they make into expanding the hospital’s services.  I’d like to see non-profit insurance companies.  In short, I’d like to see more companies who were dedicated to their customers and employees instead of their bottom lines.  That’s socialism I can live with.  Compared to this mild socialism, straight capitalism with no checks or balances seems a little anti-social.

    • Guest

      Thank you for finally stopping your babble bullshit. Do the world a favor, leave it.

    • PatR

      Socialism comes from Marx in the “Communist Manifesto”.

    • Guest

      This was the most sensible post on this entire message board.  Thanks.

    • guest2

      You ‘few free-loaders’ comment is off.  More than 50% of Americans (not including illegals) depend on the government for something.  The number is growing.  Welfare is an enabler, not temporary, as it should be.

    • Lastbeer

      You ‘few free-loaders’ comment is off.  More than 50% of Americans (not including illegals) depend on the government for something.  The number is growing.  Welfare is an enabler, not temporary, as it should be.

    • Karen

      If there’s no reward for working your ass off why bother?  Good luck finding doctors willing to work for a non profit hospital when they have astronomical education debt to pay off……good luck finding non profit insurance companies….they’ll choose another line of work………Kilroy238….how’s that lala land you live in?

    • maros

      Hi Kilroy, I am from Slovakia and average salary in our economy in 2011 was 12600USD/full year (not even 30k as you mentioned here as an example). The minimum wage as per law is 422USD/month !!! We are small part of CEE with very low cost workforce, but socialism didn’t work here. The conditions we have here now are MUCH better than socialism we experienced (1948-1989). At the end of that era, no one was trying to achieve anything back in late 80′s as all were getting moreles the same reward/money. This state was unbearable for economy and before it collapsed totally the people threw away the idea of socialism. I totally recognize the story written above, this is how people act when motivation is missing. I believe one income tax rate (without any exceptions) is the way to achieve best results not for top class only, but for whole country. 

  • Filthyline

    most lower class and middle class people work their asses off to make the upper class rich. Sentence 5. has been in effect for a long time. No one will “average” out anyone’s income, it will be taxes not a literal average. Once again still something that’s been happening for a long time. Yes you cant give to the poor without robbing the rich that’s common sense even so once again the money taken from people are called taxes….

    • OthersShoes

      Let’s
      retool this Econ Professor’s little experiment from a Liberal’s
      perspective. Let’s give each student $1,000 of income for each % point
      they scored in the calss, so in this case a failing grade could be as
      low as $0 and as high as $59,000. Leaving the middle half of
      the students alone in their scores, let’s only average the scores
      between the highest quartile of scoring students and lowest quartile of students, or the biggest money makers and the lowest money makers.
      Then build assessments that have no top-end parameter; or simply put, a
      possibility for extra-credit. The harder the extra credit questions the
      more points they are worth, so a student who as worked extremely hard
      and is very intelligent can get scores in the millions, the only control
      here is time allotted to take the test. It is most likely that 1-2
      students will make this amount, and maybe 10 students will fit in the
      4th quartile, while 25 or so will fit in the 1st (bottom quartile).
      Take the top earner, the brilliant mind who made 1,000,000, and tax him
      at 50%, so he has $500,000 remaining, then disperse the $500,000 to the
      25 people at the bottom quartile, which would leave $20,000 for each of
      them. Adding that $20,000 to their current income of $0-$25,000 would
      give a minimum income of $20,000 and maximum income of $45,000 for the
      lowest quartile of earners, while the millionaire still has a handsome
      income of $500,000. Then consider this, not all students are
      equally intelligent or have had access to the same quality of education
      growing up, or been able to navigate life’s tragedies and blessings as
      blissfully. This I believe, is a more realistic sampling of Obama’s, and many other’s progressive tax plans.
      I believe it is fair and wise to share our resources with others, not
      all of it, but some of it. Whether or not you believe in this, or how
      much you believe in this is up to you and will most likely place you
      along a broad spectrum of economic conservatism and liberalism. The main
      point is, Obama’s progressive tax plan is not socialism, it is
      progressive and bent towards benefiting those who are less fortunate.

      To give insight towards my personal background. I make $31,000 a year, am 24. Last year I made $58,000. I have never had access to governmental welfare resources and attended a private school, from which I received some need-based loans. The market average salary for the job I am aspiring to is $150,000. When I am there, I will most likely still feel the same way. Hard to say.

      • Phillman

        Wow you made 58,000 at 23 and attended private school? Sounds like you have had quite a leg up. My family lost everything they owned when I was 17 because my father could not sustain paying his 35% business tax rate. I got a full time job making $5.50 an hour and worked 70 hours a week to help support my parents to get them back on their feet.Therefore since I clearly didn’t have the same resources as you starting out in life, You should immediately send me  a check for $45,000 to relieve this iniquity.(30% of your projected income.)
          Look I’m not trying to make you feel bad, I am glad you have the opportunities I didn’t have.Make the most of it. Just walk in my shoes for a minute and realize that theft is theft, even if you have good intentions.My father worked his ass off his whole life only to have the government take it all away through supposedly good intentions.Peace be with you.

  • Cathleen

    sorry English teacher but … NO DUH!!!   we’ve been headed down this road a loong time.

  • 2012Answer

    Ron Paul is the answer for the 2012 test

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