Adams?
. here
Anderson?
. here
Brown?
. present
Bueller?
silence
Bueller?
he?’s sick sir.
Well class let?’s examine the economics of the Lauffer Curve.
Let?’s take the claim that the jobs locally support the local economy with the tax dollars collected. You?’ve got the claim from the BIA that their workers pay into the City 6% of its revenue in income tax or $176,000.00. Then you?’ve got the hard reality that the School Board is trying to get into your pocket for more money to educate the more kids. So how much does it take to educate a kid for a year?….
Anyone?
Anyone?
Well it takes $7,500.00 per year to educate one kid.
So if the workers of the BIA build any more than, oh lets say 25 houses and if the City were to give all that money in income taxes it gets from the builders to the schools then the schools would be all the more wealthy. Isn?’t that right?
Anyone?
Anyone?
No, it?’s what candidate George Bush called ______ economics.
Anyone?
Anyone?
Something --- doo economics.
Anyone?
Anyone?
Voodoo economics.
?…from Ferris Bueller?’s Day Off same stupidity here some 20 years later
By Economics Teacher
