Tuesday, September 29, 2009

Lowballing

That’s what a car dealer does to get his customers interested in buying a car at a much higher price. Then he slowly adds things to it (as they dicker) until the price ends up as high, or higher than the price he wants to get. Politicians typically “lowball” us every time they want to “sell” us another new “government program” that will cost us a LOT of money. Like Medicare, which was supposed to cost “only” $10 billion in ten years after it’s inception, but which now costs HUNDREDS of billions of our dollars, and does a lousy job of “covering our costs.” Like the income tax itself, which was supposed to ONLY apply to the “top 3%” of Americans, but now applies to the TIPS made by waitresses and taxi drivers. (Just common sense)

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