Mises Quote

Clock

Hudson

Sep-05
26

The Spending Parable

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There was a man who had a son. The son was very successful in his career. He made lots of money. His wife also made lots of money. The only problem was that the son and his wife spent lots of money. They vacationed in Europe and the Caribbean. They bought expensive automobiles and only the best clothes. They paid enormous rent for a penthouse apartment overlooking the city skyline.

Then one day the son came to the father. He explained that he and his wife were looking to buy a home as they were expecting their first child and needed more room. The son went on the explain that although he and his wife made a lot of money, they had nothing in the bank. They had spent everything that they had made and had even run-up large amounts on their credit cards. In short they had no money to put down as a deposit on a new home. Of course they wanted to buy only the best, a $1 million mansion in the suburbs.

The father was perplexed by this situation. He made far less than his son, but was a good steward of his money. He spent less than he made and saved for many years. He pondered the situation for many days. Finally he met with his son. He explained that he would not be giving his son any money as his son and daughter-in-law had squandered a vast fortune. He did not believe it proper to reward their spending habits even though he knew that they needed a little more space for their growing family. You see, it wasn’t about the space, it was about the spending.

Will you vote for a new building in Hudson and reward a school board that knows no limits on spending with your hard-earned money?

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Comments

  1. conn says:

    Lemme see???? Weekends, Holidays, inservices snow days and all summer off, majority of property taxes AND a majority of all traffic tickets ….hmmmmmmmmmm…NO!

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