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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 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 on socialism. All grades will be averaged and everyone will receive the same grade, so no one will fail and no one will 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 studied even less, and the ones who studied hard decided they wanted a free ride too so they studied little. On the second test the average was a D! No one was happy. When the third test rolled around, the average was an F. The scores never increased as bickering, blame, and name-calling begin to occur which 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 away the reward, no one will try or want to succeed. Can it be any simpler than that? H/T: JW I hope this information is useful or, at least, interesting. Regards, Walter Greenspan Great Falls, MT & Jericho, NY [Non-text portions of this message have been removed] [Non-text portions of this message have been removed]
