groups

This has been around before, but I think it's well worth a repeat!

ECONOMICS LESSON
An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class.

That class had insisted that Obama’s 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 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 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.

Could not be any simpler than that.

I agree

Human beings need reward for their efforts to continue. Only fools work while their neighbors twiddle their thumbs for the same government check. I give that professor an A+!

I read a study(?) once that said that if you divided all the wealth/money in the US evenly (so that everyone would have an equal chance) that within 10-20 years 90% of the people would be in the same socio-economic class they were in to start with. ie: the former poor would be poor again and the rich, rich again. Not sure how they came up with this conclusion, but it made me rethink how I deal with money.

The problem with socialism is that, sooner or later you run out of other people's money. They just dont get it in Washington. Let's make sure they get this message in November 2010. Vote all the bums out!

It is not really "Obama's socialism". Perhaps the idea that we are responsible for helping others who can't really isn't such a bad idea. Seems I heard that in church somewhere.

I agree with you zoo....kinda.......I have also heard you should NOT throw pearls to the swine

Charitable giving is the answer, not socialism.

Shark, I believe it was Margaret Thatcher that first made that statement about other people's money, but I wholehartedly agree with it!

Socialism has never worked and never will!

I've lived that economics lesson! When I was in college, I had a couple of professors who assigned group projects....usually with four members. Invariably, the work was done by one or two and the others coasted. I see the same dynamics and inefficiency in committees.

At work when a committee is formed, my administrator knows that I don't want a seat on the committee, just give me a job you want done. And then stand back.