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rajnsharma
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Joined: 31/Jul/2009
Location: India
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Posts: 1202
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   Posted: 20/Dec/2011 at 7:27pm |
Originally posted by rajnsharma
I don't think anybody will disagree that we can have a society where every individual doesn't get at least two meals a day. The worry is more about how to fund it and if we can afford to fund it? Also the leakages in the system like the erstwhile PDS system will be a big issue to manage. |
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Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
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tyasha
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Joined: 09/Nov/2011
Location: India
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Posts: 59
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Posted: 20/Dec/2011 at 8:49am |
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This story is relevant in context of the Food Securities Bill:
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had
insisted that Obama's 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 Obama's plan".. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).
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. 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...
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED 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.
Could not be any simpler than that.
Remember, there IS a test coming up. The election.
These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
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Oh if only I had a time machine!
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Kautilya
Senior Member
Joined: 08/Feb/2010
Location: India
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Posts: 459
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Posted: 20/Dec/2011 at 9:08am |
With FSB, India might well be on its way to attach itself to another object by an inclined plane wrapped helically around an axis. For those who don't watch the big bang theory or a little challenged with physics, the word is screwed!
A french historian had this to say a couple of hundred years ago:
| Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude. |
The worst thing is that any arguments against this bill will make you sound evil and anti-poor.
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My indecision is final.
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kmp_saij
Senior Member
Joined: 19/Feb/2010
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Posts: 277
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Posted: 20/Dec/2011 at 9:41am |
Originally posted by tyasha
This story is relevant in context of the Food Securities Bill:
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had
insisted that Obama's 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 Obama's plan".. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).
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. 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...
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED 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.
Could not be any simpler than that.
Remember, there IS a test coming up. The election.
These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
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Amazing analogy!!! hat's off
Poverty never can be removed by wealth transfer.. only peaceful way to remove it is wealth creation..
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Own whatever’s feared, shun whatever’s beloved.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 20/Dec/2011 at 9:49am |
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Brilliant Tyasha!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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zulfi
Senior Member
Joined: 28/Jan/2011
Location: India
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Posts: 206
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Posted: 20/Dec/2011 at 9:57am |
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excellent one, this should be sent to all babus sitting in new delhi
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U CAN WIN A HORSE RACE BUT U CANNOT WIN RACES
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aniljain
Senior Member
Joined: 20/Sep/2009
Location: India
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Posts: 238
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Posted: 21/Dec/2011 at 5:07pm |
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very good article tyasha
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Investment is an art, not science
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tyasha
Groupie
Joined: 09/Nov/2011
Location: India
Online Status: Offline
Posts: 59
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Posted: 21/Dec/2011 at 5:09pm |
thanks to all of u for ur postivive feedback
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Oh if only I had a time machine!
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