Simplified Economics Lesson

An economics professor at a local college made a statement that he had never failed a single student before, but had recently 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 will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A... (substituting grades for dollars - something closer to home and 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 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.

As the tests proceeded 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.

.

To their great surprise, ALL FAILED 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. It could not be any simpler than that.

(Courtesy of forwarded mail from Tan Seng Khoon)
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Comments from Dr JB Lim on Monday, 5 December, 2011 11:39 PM

Chinese in their economic wisdom taught her race this - 'if you give a fish to a hungry man, you only feed him for a day, but if you teach him how to fish (stand on their own feet and not rely on tongkat forever), you feed him for life.' (授人以鱼不如授人以渔)

This explains the economic miracles of China today, as well as in Singapore, Taiwan, Japan, Korea, and Hong Kong where the people there are all industrious and resilient. But in this country they depend on Tongkat Ali forever.

The quality of a nation does not depend on the quantity of the people therein, but the quality of her citizens. Here in this country we are getting more and more Negros and Africans, Indonesians, Bangladeshi, Myanmar people, Cambodians, Pakistani, and Arabs coming in and flooding our streets at every corner, instead of encouraging progressive Japanese, Koreans, Chinese from China, innovative and highly educated Indians from India and westerners to come.

That is the difference between this country and the rest of all other progressive countries, even in Asia. The government in her folly has made them a weaker and weaker race, while other races becoming more and more resilient, more and more determined to overcome themselves being marginalized. They become more and more hard working, more and more socially and biologically stronger. They become more and more successful as other races. What a shame when others look down on you like beggars.

Do we need to explain more?