The hotel proprietor takes the 100 dollar bill and runs to pay his debt to the butcher.
The butcher takes the 100 dollar bill, and runs to pay his debt to the hog farmer.
The hog farmer takes the 100 dollar bill, and runs to pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 dollar bill and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit.
The prostitute runs to the hotel, and pays off her debt with the 100 dollar bill to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 dollar bill back on the counter so that the rich tourist will not suspect anything.
At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 dollar bill, after saying that he did not like any of the rooms, and leaves town.
No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism.
And that, ladies and gentlemen, is how the United States government is doing business today.
Thursday, July 16, 2009
The $100 bill
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The real winner is the prostitute. First, her hotel room is paid by the government for low-income folks. Her return is almost 99% (except for the towels) and the income is tax-free.
ReplyDeleteActually, the government borrows more or print more money. Everybody is happy with the bailout money that our next generations have to pay for or just lead to high inflation that is an invisible tax for the rich.
The solution of letting the rich and business to pay for it is not a solution. Look at California. When you tax the business too much, they move out. So are the rich to move out of US. Wake up, politicians, you cannot just look for your next election only.
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