Lori's Minute

Wednesday, October 29, 2008

The day I overslept

Find out what happened one day when I overslept....oops! Click on the link below.(Seriously my brother sent me this, I had nothing to do with it!)


Friday, October 24, 2008

Our Tax System Explained in Beer

My mom sent me this and I thought it was worth sharing...

Our Tax System Explained in Beer!

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.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.

'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20. 'Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth man, like the first four, now paid nothing (100% savings).

The sixth now paid $2 instead of $3 (33%savings).

The seventh now pay $5 instead of $7 (28%savings).

The eighth now paid $9 instead of $12 (25% savings).

The ninth now paid $14 instead of $18 ( 22% savings).

The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

'I only got a dollar out of the $20,' declared the sixth man. He pointed to the tenth man,' but he got $10!

''Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times more than I!! ''That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'

'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!!! 'The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!!!!!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph..D. Professor of Economics

University of Georgia

For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

Mark as read

Thursday, October 23, 2008

Tonight I got to meet some of my daughter's eighth grade teachers...math, science and community living. They all say the same thing...she's a great kid to have in class, gets all her work done, is organized, participates in class. This is the total opposite of me when I was in junior high...I was shy, rarely participated in class and barely got my work done. I even saw her locker which she thinks is messy but compared to my locker, her's is pretty good.

I did volunteer to talk to my daughter's community living class to talk about my recent articles in the paper even though I do not get paid for it. The teacher thinks that is ok, she was just happy to have someone come and talk to the class.

Earlier this week we went to my son's second grade conference. It also went well. He gets his work done, participates in class, and is a good kid to have in class.

Now if I can only get my husband to stop talking to his boss about politics, life would be perfect.

Tuesday, October 14, 2008

This weekend I am going to Eau Claire with a friend who has a conference. I may meet up with my cousin who lives about 20 minutes from there. I really do not plan on doing much except reading, relaxing and as always, thinking. Lately, I think I need to do less thinking and more doing.

We leave on Thursday and we will return late Saturday. I will miss the family and even the dog.

Last Sunday we went to see Mama Mia in Milwaukee. We all agreed we liked the movie better. We did get to see most of the Packer game at a restaurant near the theater so that was good. We think the problem with the play was the instrumental music was so loud we could not hear the lead singer. In fact, everything was too loud. But they looked like they were having fun and at the end, it was fun. On the way home we listened to the cd which was also very loud according to our daughter who was trying to sleep in the car.