1EQQ8ZzGD

I should point out that she's a lot smarter than I am, and
so I'm only hastening the time of my own doom.
http://www.quora.com/l/boq-jimmy-wales
economics
How would you explain to a fiveyear-old
that higher taxes on the
rich don't fix everything?
Matt Dotson, Fascinated by economics
So say that your five-year-old can make money by doing things
around the house.
• $5 for making their bed
• $5 for putting away their toys
• $5 for putting their dirty clothes in the laundry room
• $5 for going to bed on time
• They can do any or all of these chores.
• Dad is the government.
For the first $5 you earn, dad will take $1 and you keep $4.
Dad will give this $1 to Grandpa, because Grandpa used to do
a lot of stuff around the house (social security). So if you do
one chore, you get $4 and pay $1 in taxes.
For the second $5 you earn, dad will take $2 more and
you keep $3. Dad will use $1 to buy food for your baby sister
(food stamps). And will give $1 to your brother who doesn't
do any chores (welfare). If you do two chores you get $7 and
pay $3 in taxes.
For the third $5 you earn, dad will take $3 more and
you keep $2. Dad will use this money to buy a new crib for
your baby sister (infrastructure spending). So, if you do three
chores you get to keep $9 and pay $6 in taxes.
For the fourth $5 you earn, dad will take $4 more and you
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