This has been floating around the ‘net and probably fiction but still educational. It should be taught at every school, and evidently to the majority of voters today.
It sounds great in utopia and political campaigns, but not so much in real life. Trickle up poverty in a fairness effort by Obama won’t be liked by anyone.
An economics professor at Texas Tech said he had never failed a single
student before but had, once, failed an entire class. That class had
insisted that socialism worked and that no one would be poor and no
one would be rich, a great equalizer. The professor then said ok, we
will have an experiment in this class on socialism..
All grades would be averaged and everyone would receive the same
grade so no one would fail and no one would receive an A. After the
first test the grades were averaged and everyone got a B The students
who studied hard were upset and the students who studied little were
happy. But, as the second test rolled around, the students who studied
little had studied even less and the ones who studied hard decided
they wanted a free ride too; so they studied little. The second test
average was a D! No one was happy. When the 3rd test rolled around the average was an F.
The scores never increased as bickering, blame, name calling all
resulted in hard feelings and no one would study for the benefit of
anyone else. All failed, to their great surprise, and the professor
told them that socialism would also ultimately fail because when the
reward is great, the effort to succeed is great; but when government
takes all the reward away; no one will try or want to succeed.