A test for genius

Sep 8th
Posted by shambo  as Current Events, Economics, Government


Let me say this about that.

As LMSTAT pointed out last week, America has some big problems.¬† Leaders in¬† business and government have proven that they are no smarter than the average Joe Sixpack.¬† The guys running General Motors ran the company into bankruptcy.¬† The guys running the nation’s largest insurance company, AIG, ran it into bankruptcy.¬† The guys running the country’s¬†banks¬†have run 82 of them into¬†bankruptcy this year alone.¬† And the federal government has accrued the largest debt in the history of government.¬† In other words, you could have put Elmer Fudd in any of these executive positions and achieved the same result.

Albert Einstein once said:¬† “You can’t solve a problem with the same thinking that created it.”¬† To this point, LMSTAT is looking for some very smart people to take over and…¬†¬†¬† lead us out of this morass.¬† To find these people, I have devised a “Test For Genius.”¬† Please answer the following questions.¬† You might be the genius we’re looking for:

   1)  What is the highest rate at which income can be taxed in the U.S.?

         a)  15%
         b)  25%
         c)  35%
         d)  99+%

To understand the REAL answer, you cannot just look at the individual taxpayer, you must look at the money itself.  Say for example, you are in the 25% federal income tax bracket.  The average U.S. citizen also pays an additional 10% in state and local (including sales) taxes for an average of 35% tax on income paid to all governments.

Here’s how you calculate the “real” income tax.¬† Say,¬†John is paid $100 to paint a house.¬† He gives 35% to the government in tax – leaving him $65.¬† John then pays Bruce this $65 to fix the brakes on his car.¬†¬† Bruce pays $23 in tax (35% of $65) leaving him $42.¬† Bruce uses this $42 to pay Bill to install a new door in his house.¬† Bill pays $15 in tax, leaving him with $27.

This continues until the 11th guy in this scenerio is left with only 87 cents of the original $100.¬† In other words, the government got it all.¬† So, if you answered a), you probably live in a trailer with your half sister.¬† If you answered b), you probably flunked out of¬† ‘beauty school’.¬† If you answered c), you are an idiot, but an informed one.¬† If you answered d), move on to the next question.

   2)  The platform on which Barack Obama ran for President was based on:

          a)  Hard work
          b)  Eliminating government waste
          c)  Better education
          d)  Hope

If you answered a, b, or c, you must have been thinking of the leadership in¬†Japan or Switzerland.¬† If you answered d), HOPE, ¬†you are correct.¬† That doesn’t necessarily make you a genius, it just makes you gullible.

Here is the point.¬† The U. S. tax structure is like a giant Ponzi Scheme, except the con artist in this scenerio gets to make the rules and has a bad-ass army to ensure compliance.¬† It basically means the government has an endless supply of money, yet finds itself more broke than it has ever been in it’s history.¬† And, this money machine we have turned over to a guy whose offers us “HOPE”.

Ask any of the 69 million people that voted¬†for him¬†to explain what Obama means by “HOPE’ and none of them will be able to do it.¬† However, in a continuing effort to provide a useful public service, I¬†can help with¬† Shambo’s definition of “HOPE”.

       HOPE  РA desperate need for a positive outcome in any particular situation for which one is too damn stupid to prepare.

The 18th century poet, Johann Wolfgang von Goethe, knew how to find a genuis.¬† He said:¬†¬†“First and last, what is demanded of genius is love of truth”.¬†¬†¬†¬†¬†¬†¬†

And, that’s all I have to say about that.¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†



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