The Parable of 10 Men in a Bar
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 paid $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 got!’
‘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!
@danielsgoldman The protestors are the semities.. get your facts straight before gibbering your hateful propaganda in support of wrongin inbreds for dirty money
THREAD
1- Parliament’s selection of ICJ Judge Nawaf Salam as PM of #Lebanon is another political earthquake, after the landmark election of Joseph Aoun as president last week. Salam is opposed by both Hezbollah & incoming Trump team, presenting both challenges & opportunities.
Wesley Huff on Joe Rogan: "Jesus condemns moralism...if Jesus is nothing but a moral exemple, then you can save yourself and you don't actually need a Savior."
@tradertristian It's fractal
BMS is on a smaller time frame and is expected and calculated for an entry or exit of a position that has a larger swing on the HTF
CISD is the HTF price movement. Is the directional bias you are trading in. This means the overall bias has changed direction
Israeli forces killed Israeli citizens on October 7
28 Apache helicopters used all their ammunition and had to be reloaded
Mainstream media is finally catching up to this mass Hannibal Directive
This is what really happened on Oct 7: