Tuesday, July 14, 2009

An Economic Parable


(A bit of a long read, but fun--in a sad kind of way)

John G. is 63 years old and owns a small business. He's a life-long
Republican and sees his dream of retiring next year has all but evaporated.
With the stock market crashing and new taxes coming his way, John assumes
now that he will work to his dying day.

John has a granddaughter. Ashley is a recent college grad. She drives a
flashy hybrid car, wears all the latest fashions, and loves to go out to
nightclub s and restaurants. Ashley campaigned hard for Barak Obama. After
the election she made sure her grandfather (and all other Republican family
members) received a big I told-you-so earful on how the world is going to
be
a much better place now that her party is taking over.

Having lost both roommates, Ashley recently ran short of cash and cannot
pay the rent (again) on her 3 bedroom townhouse. Like she has done many
times
in the past, she e-mailed her grandfather asking for some financial help.
Here
is his reply:

Sweetheart,

I received your request for assistance.

Ashley, you know I love you dearly and I'm sympathetic to your financial
plight. Unfortunately, times have changed. With the election of President
Obama, your grandmother and I have had to set forth a bold new economic

plan of our own..."The Ashley Economic Empowerment Plan." Let me explain.

Your grandmother and I are life-long, wage-earning tax payers. We have
lived
a comfortable life, as you know, but we have never had the fancier things
like expensive vacations, luxury cars or anything that we could not afford.
We have worked hard and were looking forward to retiring soon. But the plan
has changed. Your president is raising our personal and business taxes
significantly. He says it is so he can give our hard earned money to other
people. Do you know what this means, Ashley? It means less for us, and we
must cut back on many business and personal expenses.

You know the wonderful receptionist who worked in my office for more than
23
years? The one who always gave you candy when came over to visit? I had to
let her go last week. I can't afford to pay her salary and all of the
government mandated taxes that go with having employees. Your grandmother
will now work 4 days a week to answer phones, take orders and handle the
books. We will be closed on Fridays and will lose even more income to the
Walmart.

I'm also very sorry to report that your cousin Frank will no longer be
working summers in the warehouse. I called him at school this morning. He
already knows about it and he's upset because he will have to give up
skydiving and his yearly trip to Greenland to survey the polar bears.

That's just the business side of things. Some personal economic effects ofObama's new taxation policies include none other than you. You know very
well that over the years your grandmother and I have given you thousands of
dollars in cash, tuition assistance, food, housing, clothing, gifts, etc.,
etc. But by your vote, you have chosen to help others -- not at your
expense -- but at our expense.

If you need money now sweatheart, I recommend you call 202-456-1111. That
is
the direct phone number for the White House. You yourself told me how
foolish it is to vote Republican. You said Mr. Obama is going to be the
People's President, and is going to help every American live a better life.
Based on everything you've told me, along with all the promises we heard
during the campaign, I'm sure Mr. Obama will be happy to transfer some
stimulus money into your bank account. Have him call me for the account
number which I memorized years ago.

Perhaps you can now understand what I've been saying all my life: those who
vote for a president should consider the impact on the nation as a whole,
and not be just concerned with what they can get for themselves. What Obama
supporters don't seem to realize is all of the money he is redistributing
to illegal aliens and non-taxpaying Americans (the so-called "less
fortunate")
comes from tax-paying families.

Remember how you told me, "Only the richest of the rich will be affected"?
Well guess what, honey? Because we own a business, your grandmother and I
are now considered to be the richest of the rich. On paper, it might look
that way, but in the real world, we are far from it.

As you said while campaigning for Obama, some people will have to carry
more
of the burden so all of America can prosper. You understand what that
means, right? It means that raising taxes on productive people results in
them
having less money. Less money for everything, including granddaughters.
I'm sorry, Ashley, but the well has run dry. The free lunches are over. I
have no money to give you now.

So, congratulations on your choice for "change." For future reference, I
encourage you to try and add up the total value of the gifts and cash you
have received from us, just since you went off to college, and compare it
to what you expect to get from Mr. Obama over the next 4 (or 8) years. I
have
not kept track of it, Ashley. It has all truly been the gift of our hearts.

Remember, we love you
dearly...but from now on you'll need to call the
number mentioned above. Your "Savior" has the money we would have given to
you. Just try and get it from him.

Good luck, sweetheart.

Love, Grandpa.

(Anonymous source)

Hey, you actually stuck it out to the end! WTG!

1 comment:

dayana said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Margaret

http://grantsforeducation.info