Thursday, July 15, 2010

Hmmmmmmmmmmmmmmmm!

A college professor of economics was asked if he ever failed anyone. He replied he once failed an entire class. The class had argued socialism worked and everyone would be equal, no poor or rich. So on the next test everyone got a B. Those who studied hard were unhappy and felt they deserved an A, which they did. Those who studied little were happy their grade was raised. The next test found those who had studied a lot now studied less and those who studied less earlier hardly studied at all. The result was a D for everyone. The third test everyone decided they wanted a free ride and no one studied and everyone got an F. The professor then told them that when the government takes away the incentives to be rewarded by hard study and hard work through heavy taxes then gives that money to those on the dole or who don’t wish to study and work hard, it destroys all incentive.