WHY DON'T WE JUST TELL IT LIKE IT IS?
Bar Stool Economics Obama's Bar 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 The ten men drank in t he bar every day and seemed quite happy with the arrangement,... Sign in to see full entry.