Thursday, October 23, 2008
Steve Jobs at NeXT
Our Tax System Explained: Bar Stool Economics
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 got' '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.
I'm not sure that I totally agree with the conclusions but it's an interesting perspective and certainly one way of discussing this topic that made some intuitive sense to me.
Sunday, October 19, 2008
Serving Others
I was asked to talk about how I can serve Heavenly Father by serving others. Serving others means that we help them feel better when they are hurt. We can help them solve a problem or we can do something nice for them. Sometimes when people pray for help, their prayers are answered by something we do for them. In 1 Nephi 16:29, it says that “by small means the Lord can bring about great things”. And, in Mosiah 2:17, it says “when [you] are in the service of your fellow beings [you] are only in the service of your God”. It feels good to do nice things for other people and it makes our Heavenly Father happy too.
A little while ago, JH’s family was moving. I carried some of their boxes down the stairs to their moving truck. It was fun to spend time with mey dad and my brother and they said “thank you” for helping them move. Sometimes my Aunt BE needs to go to an appointment so my mom and I take care of my cousin SE. He’s still a baby. Sometimes SE cries but we are able to make him feel better. I share my toys with him. It feels nice to take care of other people.
Yesterday, me and my dad went to the Oakland temple. While we were there, one of the sister missionaries gave me this cool keychain. It can change colors. When you put it in the sun, it turns blue. She said that people can change too. Some people don’t know that Heavenly Father and Jesus love them. If you do something nice for them, maybe they’ll change and want to learn more about Jesus. Or maybe they’ll do something nice for someone else. That would be really cool.
I say these things in the name of Jesus Christ, amen.
There are plenty of people who need each of our help. It is my sincere hope and prayer that we'll serve them.
Monday, October 13, 2008
AIG humor
Friday, October 03, 2008
Noah's Ark Replica
Why men cheat
Wednesday, October 01, 2008
Sarah Palin interview
There was actually a good parady of this interview on SNL. I saw the SNL skit first and assumed they had massively exaggerated things but then discovered it was actually pretty accurate (which is scary). Anyway, this interview really gives me pause about having Palin as Vice President.
Periodic Table of Videos
One Nobel Laureate at Cornell described the video collection this way: "Poliakoff and his able codemonstrators make the periodic table come alive with the best understated British humor - they are real nerdy-sexy." Who doesn't love "nerdy-sexy". =)