I R A T E  D O G
An economics teacher made a statement that he had never failed a single student before, BUT had once failed an entire
class.

That class had insisted that President Obama's version of socialism worked and that no one would be poor and no one
would be rich - a great equalizer.

The teacher then said, "OK, we will have an experiment in this class on Obama's plan".

All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive
an A.

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the
students who studied little were happy.   

As the second test rolled around, the students who studied little had studied even less and the ones who studied hard
decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.

When the 3rd test rolled around, the average was an F.

The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for
the benefit of anyone else.   

All failed, to their great surprise, and the teacher told them that socialism is destined, ultimately,to fail because when the
reward is great, the effort to succeed is great,
but when government takes all the reward away, no one will try or want to succeed.

Could not be any simpler than that.
H O M E
July 16th, 2009
Economics -101