About Me

I have done a lot of things in my life and have also worked in many different jobs to make a living and to experience life. This blog is just some of my musings, sometimes funny, sometimes inspirational, sometimes sad, sometimes angry, sometimes simple but all the time, it's just me.

Wednesday, January 4, 2012

Economics for Dummies

Calvin must have been to Malaysia and visited out Government.

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.

An economics professor never failed a single student before, but recently failed an entire class.

That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, "OK, we will have an experiment in this class on socialism".

All grades will be averaged and everyone will receive the same grade soon one will fail and no one will receive an A. (Substituting grades for dollars - something more readily understood by all.)

After the first test, the grades were averaged and everyone got a B.

The students who studied hard were upset. The students who studied little were happy.

As the second test rolled around, the students who studied little had studied even less. 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.

As the tests proceeded, the scores never increased as bickering and blame resulted in hard feelings.

No one would study for the benefit of anyone else. To their great surprise, ALL FAILED.

The professor told them that socialism would also ultimately 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. It could not be any simpler than that.

These are the 5 best sentences you'll ever read and applicable to this experiment:

1. You cannot legislate the poor into prosperity, by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for, without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that, they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

Sounds familiar?

So how many percent of us pay taxes in Malaysia which is being used for all the wonderful projects like National Feedlot crap ~ the cows coming out from there must be more expensive than Wagyu or Kobe beef because of the luxury apartments the cows graze in.

How much is our defense ministry been spending for a country that is relatively peaceful? I guess to wage war against it's own citizens for peaceful protests.

How much did that ring cost again?

Sigh, Malaysia, TanahAir Ku. I love it enough to want to change it for the better but do you? Does others, do our politicians, do our teachers and businessmen, do our schools and Universities?

Take care and be well.

1 comment:

Disneybooky said...

huh... really makes you think