Yay for Bar Stool Economics!
H/t Sundance for this great analogy: Every day after work, ten guys from a small company meet up for beers. From the clerk to the company owner they all get along great. The bill for all ten comes to $100 and they decide to pay the bill the same way they pay their taxes, it goes something like this: The first four men (the poorest) pay nothing. The fifth pays $1. The sixth pays $3. The seventh pays $7. The eighth pays $12. The ninth pays $18. The … Read More