Bar Stool Economics





Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it

would go something like this:





The first four men (the poorest) would pay nothing.

The fifth would pay $1. The sixth would pay $3.

The seventh would pay $7.

The eighth would pay $12.

The ninth would pay $18.

The tenth man (the richest) would pay $59.



So,… Continue

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