Tuesday, November 20, 2012

(Share) "The economics 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.

Moral of the story :
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.

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