Youth camped out in front of NYC City Hall for a week to push defunding the police.
Do these kids have jobs? Who has time for that?
Tonight, NYC city council passed a 1 billion dollar cut in the NYPD during a crime and graffiti wave. Do you remember when the city cleaned up the city and Giuliani brought back morale after 9/11?
Who is going to stay in NYC now?
What will there tax revenue look like?
This is an analogy of how our tax system works and what happens when you take advantage of tax payers.
Enjoy!
________________________________________________________________________________
Suppose that every day,
ten men go out for beer and 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 would pay $7
·
The eighth would pay $12
·
The ninth would pay $18
·
The tenth man (the richest) would pay $59
So, that’s what they
decided to do.
The ten men drank in the
bar every day and seemed quite happy with the arrangement, until one day, the
owner threw them a curve ball.
“Since you are all such good customers,” he
said, “I’m going to reduce the cost of your daily beer by $20″. Drinks for the
ten men would now cost just $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 drink for free. But what about the other six men ? How could
they divide the $20 windfall so that everyone would get his fair share?
The bar owner suggested
that it would be fair to reduce each man’s bill by a higher percentage the
poorer he was, to follow the principle of the tax system they had been using,
and he proceeded to work out the amounts he suggested that each should now pay.
·
And so the fifth man, like the first four, now paid nothing
(100% saving).
·
The sixth now paid $2 instead of $3 (33% saving).
·
The seventh now paid $5 instead of $7 (28% saving).
·
The eighth now paid $9 instead of $12 (25% saving).
·
The ninth now paid $14 instead of $18 (22% saving).
·
The tenth now paid $49 instead of $59 (16% saving).
Each of the six was
better off than before. And the first four continued to drink for free. But,
once outside the bar, the men began to compare their savings.
“I only got a dollar out
of the $20 saving,” declared the sixth man. He pointed to the tenth man,”but he
got $10!”
“Yeah, that’s right,”
exclaimed the fifth man. “I only saved a dollar too. It’s unfair that he got
ten times more benefit than me!”
“That’s true!” shouted
the seventh man. “Why should he get $10 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. This new tax
system exploits the poor!”
The nine men surrounded
the tenth and beat him up.
The next night the tenth
man didn’t show up for drinks so the nine sat down and had their beers without
him. But when it came time to pay the bill, they discovered something
important. They didn’t have enough money between all of them for even half of
the bill!
And that, boys and girls,
journalists and government ministers, is how our tax system works. The people
who already pay the highest taxes will naturally get the most benefit from a
tax reduction. Tax them too much, attack them for being wealthy, and they just
may not show up anymore. In fact, they might start drinking overseas, where the
atmosphere is somewhat friendlier.
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