An economics professor at Texas Tech said he had never failed a single
student before-- but had once, failed an entire class. The class had
insisted that 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 Socialism.
All grades would be averaged and everyone would receive the same grade--
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. But,
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 so they studied
very little. The second test average was a D. Nobody was happy. When the 3rd test
was given, the average was an F.
The scores never increased... while bickering, blame and name calling resulted in hard
feelings; shortly no studying was being done. All failed, to their great surprise, and
the professor told them that Socialism would ultimately always fail, because the harder
it is to succeed, the greater the reward; but when government takes the reward away,
no one tries and neither the individual nor the group succeeds.
________
The problem with Socialism is that you eventually run out of other people's money.
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