Well the budget is out and a bigger disaster than even the Stump had thought..Jeez..how many Whitlams in a century must a country endure. Certainly, it has place on hold the Stump's plan to return to the land of OZ.
Any country that provides higher welfare payments to Illegal Immigrants and Refugees than its does to its own retirees really needs to review its loyalty to the country. The Stump is not saying that Refugees should be supported here by the way, but just how many countries do you transit before a refugee becomes an economic tourist.
The will be a shed load of budget analysis over the next few days but to save time and as the first part of series of Oigalnomics here is the Labour Budget Breakdown.. Time for a beer!
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 under a Labor Government, it would go 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 one 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 one stinking dollar, too..
'It's unfair that he got ten times what I got!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I only got 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 the bill!
The people who pay the highest taxes are also the ones who provide the most jobs and sustain the welfare. Attack people for being successful and reward the handout mentality, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.