Common Folk Using Common Sense

My rantings and ravings in this interesting world.

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Bar Stool Economics

February 11th, 2008 · Comments Off

You’ve probably already seen “Bar Stool Economics“, but it deserves to be repeated often.
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 [...]

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Tags: Government · Money · Taxes