Thursday, March 21, 2013

An attack on "Obama's Socialism?"

Does anyone see a problem with this analogy?

5 comments:

Bilbo said...

The problem is that Obama isn't advocating socialism.

im-skeptical said...

This idiot professor should be "failed" for having such a poor understanding economics. His lesson to the class was in no way representative of Obama's economic policies.

Mike Darus said...

One of the assumptions is that wealth is the result of work just like passing tests is a measure of the amount of study. Neither is true.

jdhuey said...

Perhaps a slightly more accurate analogy would be if the Professor had required the "A" students to help tutor the students that were lagging.

B.L.T. said...

Yes there are numerous problems with this analogy, and I’ve heard it before from one of my professors. For one thing, grades are generally based around someone’s performance, anyone can get an A in a class if they work hard enough at it (assuming they have a relatively stable home life). In contrast, becoming rich is virtually impossible for a large segment of the population. Furthermore, in a class you can’t get higher than an a and nor can you get lower than an f. Thirdly, there is no limit on how many people can get a’s, whereas in the national economy there is only a finite amount of resources such that it would be impossible for the entire U.S. population to be millionaires. Finally, grades do not threaten people’s livelihood. However, without money, those in poverty will starve and die.