BAR STOOL ECONOMICS
BAR STOOL ECONOMICS Suppose that every day, ten men go out for a 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 $1.00 The sixth would pay $3.00 The seventh would pay $7.00 The eighth would pay $12.00 The ninth would pay $18.00 The tenth man (the richest) would pay $59.00 So that's what they decided to do. The men drank in the bar every day and... Sign in to see full entry.