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By Bishan Abeysekera
 Once upon a time there were 2 countries; One was Obama-
  nation, the other Romney-nation (and no they were not at war
  with each other).
 Both countries owed $1 million to East-nation.
 Obama-nation wanting to pay this money back decided to take
  the money out of the rich people.
 Romney-nation decided to change some of the laws in the
  country to help people start and grow small businesses (all the
  people in Obama-nation laughed at Romney-nation, and told
  them they did not know their arithmetic).
 In Obama-nation the tax police went to the rich guy's house and
  took away $1 million dollars (the people said; "that's ok, the rich
  guy has many more millions!")
 Obama-nation then took the money and gave it to East-nation to
  pay of their debt.
 Obama-nation was now a little poorer because they now had $1
  million less in the country.
 Meanwhile, in Romney-nation laws were changed to help people
  start and grow small businesses to big businesses!
 One day, a very smart girl who had just graduated from College,
  after a lot of work, created a gadget that would help lots of
  people.
 Since she was not very rich, she went to the rich guy in Romney-
  nation and showed him what she had created, and asked him for
  help to start a business to make lots of these gadgets and sell it to
  people.
 The rich guy was very happy, and gave the smart girl $1 million to
  help her start her business.
 The smart girl, started her business and hired 5 people in Romney-
  nation to help her make and sell these radically good gadgets. The
  smart girl paid each of her employees $50,000 a year, and her
  employees were really happy.
 The smart girl, and her employees worked really hard…but could not
  make a profit in the first year. In the second year their hard work
  started paying off. Lots of people in Romney-nation and elsewhere
  started to buy these gadgets. People loved the gadget because it helped
  them and made their lives easy.
 The smart girl small business really took off, and started making
  profits. In the 10th year, the smart girl small business had become so
  popular it now had 10 employees making gadgets, and made $3 million
  in profit that year!
 The Romney-nation government was also very happy.
 Each year, all the employees of the smart girl small business paid 10%
    in taxes on their $50,000 income to the Romney-nation government.
   What is more, the smart girl small business paid 20% in business taxes
    on all the profits it made.
   But this is not all!
   After the 10th year, the rich guy, and the smart girl sold their gadget
    company for $25 million. How cool is that?
   The rich guy and the smart girl then paid a 10% tax on the $24 million
    profit they had made.
   In 10 years, the Romney-nation government was able to collect $5.7
    million in taxes because of the smart girl small business!!! And of
    course, Romney-nation was able to pay off their big debt to East-
    nation.
 Back in Obama-nation, there was also a very smart girl. She too worked
    really hard to create a new gadget.
   She too was not very rich, and needed help starting her business. The
    smart girl knew that people would want to buy her gadget, because it
    would help them. She had big dreams.
   So the smart girl took her gadget to the rich guy in Obama-nation, and
    asked him for help!
   The rich guy in Obama-nation really liked the new gadget, and wanted
    to help the smart girl, but the tax police had come and taken his money
    away. The rich guy was really sad, but he told the smart girl that he
    could not help her.
   The smart girl in Obama-nation was really sad. She had dreamed of
    building a small factory, and hiring people to help her build and sell
    her really cool gadget. But there was nothing she could do. The tax
    police had taken the rich guy's money away.
 Obama-nation also had other problems. There were 20 people
  who did not have jobs and who were poor, and Obama-nation
  wanted to give them money to buy food and clothes.
 But the Obama-nation government did not have money to help
  them. So they had to borrow again from East-nation to help the
  people without jobs and who were poor.
 Romney-nation also had people without jobs and who were poor.
  But they only had 10 people who needed help, because the smart
  girl gadget company in Romney-nation had hired 10 people who
  did not have jobs.
 Romney-nation also did not have to borrow money, because they
  still had $4.7 million dollars left.
 The smart girl in Obama-nation saw how good it was in Romney-nation. She
    went to the rich guy in Romney-nation to show him her cool gadget.
   Once again, the rich guy really liked the gadget and helped the smart girl in
    Obama-nation start her business by giving her $1 million.
   The smart girl from Obama-nation knew that if she went back to Obama-
    nation the tax police would come and take a lot of her money away. So she
    decided to live in Romney-nation, and start her business there.
   Now there are 2 smart girls living in Romney-nation.
   Because the smart companies needed more smart people with college degrees
    the schools in Romney-nation became very popular.
   Romney-nation schools had more money to buy computers, do research, and
    hire smart teachers. Because of this students in Romney-nation began to learn
    lots of smart things, and became the best students in the world.
   People in Obama-nation now did not laugh at Romney-nation, they wanted to
    live in Romney-nation.
 After a while, East-nation had a king who did not like Obama-nation and
     Romney-nation. The East-nation king started to bully Obama-nation and
     Romney-nation. One day the East-nation king decided to sink and destroy
     ships that belonged to Obama-nation and Romney-nation.
    Obama-nation did not like what East-nation had done. So they went to war
     to defend their freedom. But, the Obama-nation government did not have a
     lot of money to buy or make the guns they needed. They did not even have
     enough money to pay their warriors.
    East-nation had a very powerful army, and they were soon able to defeat
     Obama-nation.
    Romney-nation also went to war with East-nation. Because the Romney-
     nation government still had money they were able to make good weapons,
     and pay their warriors. Romney-nation was able to defeat the bad king of
     East-nation, and defend its freedoms.
    The people of Romney-nation were very happy to win the war and keep their
     freedom. Their nation is a “shining city upon a hill whose beacon light guides
     freedom-loving people everywhere.”*


                                    THE END
*Ronald Reagan
Year       Employees Total Payroll Profits     Payroll Taxes (10%) Business Tax (20%) Investment Gains Tax (10%)   Total Tax Collected
         1         5      250,000          0   $            25,000 $               -

         2          5     250,000   250,000    $           25,000 $           50,000

         3          5     250,000   500,000    $           25,000 $          100,000

         4          5     250,000   750,000    $           25,000 $          150,000

         5          8     400,000 1,000,000    $           40,000 $          200,000

         6          8     400,000 1,500,000    $           40,000 $          300,000

         7          8     400,000 2,000,000    $           40,000 $          400,000

         8         10     500,000 2,500,000    $           50,000 $          500,000

         9         10     500,000 3,000,000    $           50,000 $          600,000

        10         10     500,000 3,000,000    $           50,000 $          600,000 $                 2,400,000

Total                                          $        370,000    $      2,900,000    $              2,400,000           5,670,000

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Tale of 2 nations

  • 2.  Once upon a time there were 2 countries; One was Obama- nation, the other Romney-nation (and no they were not at war with each other).  Both countries owed $1 million to East-nation.  Obama-nation wanting to pay this money back decided to take the money out of the rich people.  Romney-nation decided to change some of the laws in the country to help people start and grow small businesses (all the people in Obama-nation laughed at Romney-nation, and told them they did not know their arithmetic).
  • 3.  In Obama-nation the tax police went to the rich guy's house and took away $1 million dollars (the people said; "that's ok, the rich guy has many more millions!")  Obama-nation then took the money and gave it to East-nation to pay of their debt.  Obama-nation was now a little poorer because they now had $1 million less in the country.
  • 4.  Meanwhile, in Romney-nation laws were changed to help people start and grow small businesses to big businesses!  One day, a very smart girl who had just graduated from College, after a lot of work, created a gadget that would help lots of people.  Since she was not very rich, she went to the rich guy in Romney- nation and showed him what she had created, and asked him for help to start a business to make lots of these gadgets and sell it to people.  The rich guy was very happy, and gave the smart girl $1 million to help her start her business.
  • 5.  The smart girl, started her business and hired 5 people in Romney- nation to help her make and sell these radically good gadgets. The smart girl paid each of her employees $50,000 a year, and her employees were really happy.  The smart girl, and her employees worked really hard…but could not make a profit in the first year. In the second year their hard work started paying off. Lots of people in Romney-nation and elsewhere started to buy these gadgets. People loved the gadget because it helped them and made their lives easy.  The smart girl small business really took off, and started making profits. In the 10th year, the smart girl small business had become so popular it now had 10 employees making gadgets, and made $3 million in profit that year!
  • 6.  The Romney-nation government was also very happy.  Each year, all the employees of the smart girl small business paid 10% in taxes on their $50,000 income to the Romney-nation government.  What is more, the smart girl small business paid 20% in business taxes on all the profits it made.  But this is not all!  After the 10th year, the rich guy, and the smart girl sold their gadget company for $25 million. How cool is that?  The rich guy and the smart girl then paid a 10% tax on the $24 million profit they had made.  In 10 years, the Romney-nation government was able to collect $5.7 million in taxes because of the smart girl small business!!! And of course, Romney-nation was able to pay off their big debt to East- nation.
  • 7.  Back in Obama-nation, there was also a very smart girl. She too worked really hard to create a new gadget.  She too was not very rich, and needed help starting her business. The smart girl knew that people would want to buy her gadget, because it would help them. She had big dreams.  So the smart girl took her gadget to the rich guy in Obama-nation, and asked him for help!  The rich guy in Obama-nation really liked the new gadget, and wanted to help the smart girl, but the tax police had come and taken his money away. The rich guy was really sad, but he told the smart girl that he could not help her.  The smart girl in Obama-nation was really sad. She had dreamed of building a small factory, and hiring people to help her build and sell her really cool gadget. But there was nothing she could do. The tax police had taken the rich guy's money away.
  • 8.  Obama-nation also had other problems. There were 20 people who did not have jobs and who were poor, and Obama-nation wanted to give them money to buy food and clothes.  But the Obama-nation government did not have money to help them. So they had to borrow again from East-nation to help the people without jobs and who were poor.  Romney-nation also had people without jobs and who were poor. But they only had 10 people who needed help, because the smart girl gadget company in Romney-nation had hired 10 people who did not have jobs.  Romney-nation also did not have to borrow money, because they still had $4.7 million dollars left.
  • 9.  The smart girl in Obama-nation saw how good it was in Romney-nation. She went to the rich guy in Romney-nation to show him her cool gadget.  Once again, the rich guy really liked the gadget and helped the smart girl in Obama-nation start her business by giving her $1 million.  The smart girl from Obama-nation knew that if she went back to Obama- nation the tax police would come and take a lot of her money away. So she decided to live in Romney-nation, and start her business there.  Now there are 2 smart girls living in Romney-nation.  Because the smart companies needed more smart people with college degrees the schools in Romney-nation became very popular.  Romney-nation schools had more money to buy computers, do research, and hire smart teachers. Because of this students in Romney-nation began to learn lots of smart things, and became the best students in the world.  People in Obama-nation now did not laugh at Romney-nation, they wanted to live in Romney-nation.
  • 10.  After a while, East-nation had a king who did not like Obama-nation and Romney-nation. The East-nation king started to bully Obama-nation and Romney-nation. One day the East-nation king decided to sink and destroy ships that belonged to Obama-nation and Romney-nation.  Obama-nation did not like what East-nation had done. So they went to war to defend their freedom. But, the Obama-nation government did not have a lot of money to buy or make the guns they needed. They did not even have enough money to pay their warriors.  East-nation had a very powerful army, and they were soon able to defeat Obama-nation.  Romney-nation also went to war with East-nation. Because the Romney- nation government still had money they were able to make good weapons, and pay their warriors. Romney-nation was able to defeat the bad king of East-nation, and defend its freedoms.  The people of Romney-nation were very happy to win the war and keep their freedom. Their nation is a “shining city upon a hill whose beacon light guides freedom-loving people everywhere.”* THE END *Ronald Reagan
  • 11. Year Employees Total Payroll Profits Payroll Taxes (10%) Business Tax (20%) Investment Gains Tax (10%) Total Tax Collected 1 5 250,000 0 $ 25,000 $ - 2 5 250,000 250,000 $ 25,000 $ 50,000 3 5 250,000 500,000 $ 25,000 $ 100,000 4 5 250,000 750,000 $ 25,000 $ 150,000 5 8 400,000 1,000,000 $ 40,000 $ 200,000 6 8 400,000 1,500,000 $ 40,000 $ 300,000 7 8 400,000 2,000,000 $ 40,000 $ 400,000 8 10 500,000 2,500,000 $ 50,000 $ 500,000 9 10 500,000 3,000,000 $ 50,000 $ 600,000 10 10 500,000 3,000,000 $ 50,000 $ 600,000 $ 2,400,000 Total $ 370,000 $ 2,900,000 $ 2,400,000 5,670,000