The Tax System

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. … Read more

The Law Teacher Paradox

A few centuries ago, a Law teacher came across a student who was willing to learn but was unable to pay the fees. The student struck a deal with the teacher saying, “I will pay your fee the day I win my first case in the court”. The teacher agreed and proceeded with the law … Read more

How the stock market works

It was autumn, and the Red Indians on the remote reservation asked their New Chief if the winter was going to be cold or mild. Since he was a Red Indian chief in a modern society, he couldn’t tell what the weather was going to be. Nevertheless, to be on the safe side, he replied … Read more

The Two Screws

Once upon a time there were two screws fastening a vital part of a gasoline engine. One of the screws was haughty and proud of it’s shining head. The second screw was quiet, intent only on doing its job to the best of its ability. One day a speck of rust appeared on the head … Read more

The Mouse, the Frog, and the Hawk

A Mouse who always lived on the land, by an unlucky chance, formed an intimate acquaintance with a Frog, who lived, for the most part, in the water. One day, the Frog was intent on mischief. He tied the foot of the Mouse tightly to his own. Thus joined together, the Frog led his friend … Read more

The $20 Bill

A well known speaker started off his seminar by holding up a $20 bill. In the room of 200, he asked, “Who would like this $20 bill? “Hands started going up. He said, “I am going to give this $20 to one of you but first, let me do this.” He proceeded to crumple the … Read more