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re: Tax Cuts - The Lunch Analogy

Posted on 12/6/17 at 12:26 pm to
Posted by GoCrazyAuburn
Member since Feb 2010
35023 posts
Posted on 12/6/17 at 12:26 pm to
Apparently that is hard to understand



What isn't mentioned is that the CEO used the $10 savings and got everyone ice cream on the way back to the office.

Trickle down works!
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 12/6/17 at 12:29 pm to
quote:

Okay? You're still making baseless assumptions that have nothing to do with the analogy.



By using real life examples of top CEOs that benefit tremendously from government? How is that baseless?

quote:

Nothing about trickle down economics has anything to do with the CEO in this scenario just giving the savings to everyone else


It's an analogy dude. The idea is that the $10 does not lead to actions that necessarily benefit society as a whole and thus the fortunes of the lower level employees.
Posted by BigJim
Baton Rouge
Member since Jan 2010
14543 posts
Posted on 12/6/17 at 12:30 pm to
quote:

What isn't mentioned is that the CEO used the $10 savings and got everyone ice cream on the way back to the office.

Trickle down works!




Now you are just trolling!

Posted by GoCrazyAuburn
Member since Feb 2010
35023 posts
Posted on 12/6/17 at 12:30 pm to
quote:


By using real life examples of top CEOs that benefit tremendously from government? How is that baseless?


Sigh. Because it has no bearing on the analogy at hand. How is this so hard for you?

quote:

It's an analogy dude.


Yes, you made a really, really poor analogy.

quote:

The idea is that the $10 does not lead to actions that necessarily benefit society as a whole and thus the fortunes of the lower level employees.

I just showed above that he did though.
Posted by GoCrazyAuburn
Member since Feb 2010
35023 posts
Posted on 12/6/17 at 12:31 pm to
quote:


Now you are just trolling!


Just as valid as him assuming the CEO ordered the most expensive meal.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7867 posts
Posted on 12/6/17 at 12:32 pm to
quote:

The CEO orders surf and turf, the supervisors order rib eyes, the associates get burgers, and the remaining four eat a large serving of complimentary bread and split an appetizer amongst themselves.

The CEO's entree represents the majority of the bill and the appetizer is only a fraction. The $10 discount goes into the CEOs pocket and that amount never trickles down into the pockets of anyone else because the CEO decided he wants some bread pudding after all.

However the bread pudding is served to him on the house. The $10 stays tucked away in his coat pocket. It will come in handy months later when he needs to tip the Russian girl he invited to his hotel while vacationing in Europe.


You been following me baw?

And she was Ukrainian, you big dummy.
This post was edited on 12/6/17 at 12:34 pm
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19706 posts
Posted on 12/6/17 at 12:37 pm to
quote:

The CEO orders surf and turf, the supervisors order rib eyes, the associates get burgers, and the remaining four eat a large serving of complimentary bread and split an appetizer amongst themselves.


Not only did you misunderstand the analogy, you got the logic of it backwards.
Extending the analogy, the paying six have more and better food and drink at home, so they don't eat as much at the restaurant.
The 4 non-payers not only don't have the quantity and quality of food at home, they know that the bill won't be itemized so nobody will know how much each of the 4 individually ordered. No accountability, so they go nuts and order however much of anything they want on the menu.
THEN they bitch because they didn't get any of the $10 refund.
This post was edited on 12/6/17 at 12:38 pm
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 12/6/17 at 1:08 pm to
quote:

Extending the analogy


Kicker: The restaurant bill actually exceeds $100, but the table agrees to only pay a portion of it now and the rest later. It is now 11PM and the restaurant is closing soon. They convince the restaurant to give them $10 back after drunkenly hatching a payback plan on a napkin.
This post was edited on 12/6/17 at 1:09 pm
Posted by BigJim
Baton Rouge
Member since Jan 2010
14543 posts
Posted on 12/6/17 at 1:20 pm to
quote:

Kicker: The restaurant bill actually exceeds $100, but the table agrees to only pay a portion of it now and the rest later. It is now 11PM and the restaurant is closing soon. They convince the restaurant to give them $10 back after drunkenly hatching a payback plan on a napkin.


Now at least this isn't a terrible line of reasoning.
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6578 posts
Posted on 12/6/17 at 1:28 pm to
quote:

one of the them is a CEO
And he would have picked up the tab for everyone and left the $10 extra for a tip.
Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 12/6/17 at 1:33 pm to
quote:

. He paid for the appetizer that the four people shared (a modest meal), but it didn't prevent him from ordering the surf and turf (an extravagant meal).




So now you're upset about someone chooses to spend their own money?

wtf is wrong with you?
Posted by skrayper
21-0 Asterisk Drive
Member since Nov 2012
31082 posts
Posted on 12/6/17 at 2:42 pm to
The amusing part is that both sides of this debate are represented here, and both sides are taking such extreme views on what will happen because of the tax bill.

It will either create a late 40s-early 50s style economy, or a Great Depression. Apparently there is no middle ground. Either we'll all be rich or we'll all be homeless and starving.
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