Hi everyone... Dean here. how are you today?

This is brilliant and worth watching all the way through....

enjoy

Hi everyone.. Dean here.

Thanks for joining me again. I got this email a while ago and thought I'd share it with you all.

Enjoy

Author: Unknown

I was having lunch with one of my favorite clients last week and the conversation turned to the government's recent round of tax cuts.

"I'm opposed to those tax cuts," the retired college instructor declared, "because they benefit the rich. The rich get much more money back than ordinary taxpayers like you and me and that's not fair.'"

"But the rich pay more in the first place," I argued, "so it stands to reason that they'd get more money back."

I could tell that my friend was unimpressed by this meager argument. So I said to him, "let's put tax cuts in terms everyone can understand."

"Suppose that every day 10 men go to a restaurant for dinner. The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59."

The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." Now dinner for the 10 only costs $80. The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal.

The restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same percentage, being sure to give each a break, and he proceeded to work out the amounts each should pay. And so now the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59.

Outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," complained the sixth man, pointing to the tenth, "and he got $7!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got seven times more than me!"

"That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor."

Then, the nine men surrounded the tenth man (the richest one, paying the most) and beat him up. The next night the richest man didn't show up for dinner, so now the nine men sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!

"And that, boys, girls and college instructors, is how America's tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table any more. There are lots of good restaurants in Switzerland and the Caribbean."

So this is how the story goes that has been passed around the internet via email, however, here is the mathematical twist....

The people who pay the highest taxes get the most benefit from a tax reduction.
The tenth man (the richest) didn't benefit in the story...He went from paying 59% of the bill to 65% of the bill.

If I were the "rich man", after the owner tried to pull a fast one on me like that I wouldn't go back either....

The rich man didn't really benefit even by the story's convoluted math, or did he? This story is really wide open for interpretation. It really depends on the how your thinking process filters the information. So, with that said, feel free to come to your own conclusion.

Observation: most people want to enjoy the benefits of being wealthy, however, few are willing to make the sacrifices, take the calculated risks, put in the hard work by educating themselves, working on and transforming their mindset from a sense of lack (abuse of rights demanding a hand out) to abundance (there is plenty go around therefore I have the right and will make it happen) required to become wealthy. For true confirmation simply read a few autobiographies.

have a great day

Dean

Hi

This is a pretty cool interview with Mike Maloney.

Enjoy

Dean

Hi everyone,

Dean here, thanks for joining me again.

Just a reminder to visit King World News for this weeks "Metals Wrap". Also while you are on the site, I recommend you visit the recent James Turk interview on the blog... very interesting forecasts for the coming weeks.

enjoy

Dean

Hi everyone

Dean here, thanks for joining me again.

Lots happening in the world of finance at the moment. Here is the full story from Mike. You are going to love this.

enjoy

Dean