Thursday, March 24, 2011

The Truth About Money

The TRUTH about Money

How true is this!

If only they would teach stuff like THIS at school!

This, writen by economist Milton Freidman

The four ways money is spent:

When you spend YOUR money on YOURSELF, you're keen to get the thing you want most at the best price. Think middle-aged men haggling with a Porsche dealer.

When you spend YOUR money on OTHER PEOPLE, you still want a bargain but you're less interested in pleasing the recipients of your spending. That's why children get underwear at Christmas.

When you spend OTHER PEOPLES MONEY ON YOURSELF, you get what you want but price concerns go out the window. ie:  second wives, riding around with the middle-aged men in the Porsches, who shop at Designer Clothes shops, as this type of spender.

When you spend OTHER PEOPLES MONEY ON OTHER PEOPLE you don't give a damn.
That would be government.

So don't blame politicians for your tax bills. If you want lower taxes, you need to wean yourselves off government services and the belief that the answer to every problem is that the government ought to "do something". 

It's not just a case of governments doing more with less. It's about governments doing less with less.
When that realisation dawns, you may discover that most things the government can do, you can do better and a whole lot cheaper.


Post a Comment

<< Home