Rush Limbaugh LIVE Radio Thread - Thursday 1/31/08

The EIB Network ^ | January 31, 2008 | Rush Limbaugh

[counterpunch]

McCain’s running mate choices:

McCain-Kennedy
McCain-Feingold
McCain-Lieberman

[Eagle of Liberty]

Barroom Economics

This is real life math to understand our tax system.

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, ladies and gentlemen, 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.

[counterpunch]

[SE Mom]

Because I don’t know any other talk-radio person to be this direct. I admire Mark for taking a stand:)

[rightwingintelligentsia]

I thought I heard “anal”, too—just couldn’t believe Rush would say that on the air.

[Republican Red]

I’ve read McCain VP contenders were

Tim Pawlenty of MN - convention in MN and its a purple state

Jim DeMint of SC - to give McCain cover for his amnesty plan

Lindesy Graham - personal puppet

Fred Thompson - old time friend

[American Quilter]

I’ve heard this before, Kerr, and it’s superb. Thanks for posting it—I’ve been meaning to look it up and send it to my nephew.

[MarkLevinFan]

So do I!

[Roccus]

I like that. Thank you.

[Clint N. Suhks]

You’ve played Congressional and Oakmont?

Talk about impressive!

[Eagle of Liberty]

Welcome! Easy enough for even a liberal to understand.

[A. Morgan]

Roody Doody has interior motives..... LOL!

[AGreatPer]

The only reason I have had the opportunity to play most of the great courses is because I worked for the Japanese. They don’t care about the $$$. I could never afford it on my own.

[Clint N. Suhks]

Sean read that on the air this week.

[Sensei Ern]

“Lindsay Graham is close enough to him [McCain} to die of [????] poisoning”????

[Roccus]

“Sean read that on the air this week.”
__________________________________________________________

The I can honestly say that I’m sorry I missed one of Sean’s shows.

};^)

[rightwingintelligentsia]

Glenn Beck has been using that analogy for a while.

[Roccus]

The s/b Then

[Fudd Fan]

Maybe he said “renal.” Joined at the hip...

[rightwingintelligentsia]

Shouldn’t that be -B?