How Socialism Works

 This Professor is a Genius

An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class.

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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 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.  


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 and 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.


Could not be any simpler than that.

Addition by Dr. Morris.

In 1895, there was a crisis in New York City. Not such a crisis as we have today with Wall Street. This crisis, horse manure was piled up on the streets and with the beginning of unions and poor work ethic, the city was having trouble removing such. You will remember the piles of trash in the streets of Athens Greece recently. Same problem, unions had taken over everything in this socialist country and no one wanted to work, certainly not to remove trash.

Margaret Thatcher, one of the great Prime Ministers of England, reared in an apartment above her fathers butcher shop in Grantham England finally went to college and studied chemistry, became successful in several areas by persistence and hard work. She said, “The problem with socialism is that eventually you run out of other people's money [to spend].”

In my lifetime, I have seen the work ethic of America change completely. Born in poverty, knowing nothing but hard work, example being set by hard working parents, I only wanted the opportunity of improving myself. Today, students, both high school and college, just want the opportunity to sit around and do nothing … hang out at Starbucks or a beer joint. I said to one young man, who worked for me, he was always talking about my real estate and other investments, “I will teach you everything I know about real estate and securities but you must study, like I did and learn everything possible if you are going to be successful.” He said, “I just want to get a check every month.” So it is, we have housing projects filled with people satisfied to just get a check each month. They might as well be on the plantation, tenant farming, working at a mediocre job. There is more to life than just surviving.