Sorry for the interruption but I was out of town for most of the holiday (we left the 26th for Chicago, but thats a whole post on its own!). I did however, want to brag about some of the Christmas Gifts that blessed our house this season though.

Amy’s big gift this year is to have the Master Bath and Bedroom repainted. When we bought the house from her parents, we inherited the DEEP red color of the bath and bed room. Its a dark red (think maroon) that is hard to match colors with. Now we’re going for a lighter, beachier look and are painting them Beachnut (its a lowes color). The master bath is done (Amy found some Votive candle holders at a store in Nashville), next on to the bedroom!

Grace had a very Hannah Montanna Christmas. She got a Hannah Montanna Guitar Game (like Guitar Hero) that plugs in to the tv, a Hannah Costume, and doll. Its pretty cool and she likes pretending to be a rockstar. Maybe someday. I like playing her game (since I haven’t bought Guitar HEro World Tour yet) and she’s getting better at it.

Mose got a Trampoline. One of her favorite things to do is jump. We’d wake on Saturday mornings to the heavy thud of emma jumping up and down in our door way. Now she can do it all she wants and it doesn’t make the house shake. Its pretty cool and Grace and Emma take turns on it. Amy wanted to try it out, but its for people under 80 pounds (and neither of us meet that requirement!

The girls also got some tinkertoys, and some other little odds and ends that they like to play with, but the coolest by far is my Ultimate Wall-E Robot.

We saw the movie in the theaters and we’re big fans (mose loves him). We had seen the Ultimate Wall-e at the Disney Store but we weren’t going to get him because of the price tag. Needless to say, Santa found him on Sale and he was wrapped and under the tree for me on Christmas morning. He has fun dancing, chasing the dogs around and just exploring on his own. If you haven’t seen one yet, I’ll work on some video and see if I can get anything posted. Its pretty cool though and the way he can respond to voice commands or find his own way around the room is fairly smooth.

Was there one gift that you prized more than the others??

• 15 days to JAMAICA!! #
• Why? You have tickets? #

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I did not write this, it came to me in an email, but I thought it fitting!

Suppose that every day, 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, it would go something 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 a 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 a Dollar, too. It’s unfair that he got ten times more than I!”

“That’s true!!” shouted the seventh man. “Why should he get $10 back when I got only 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 of the bill!

And that, boys and girls, journalists and college professors, this is how our tax system works.
The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.

Professor of Economics

University of Georgia