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View Full Version : Paying debt, the New Zealand way.



sugilite
4th September 2009, 10:47
It is a slow day in the Central Otago town of Luggate.

It is raining, and the little town looks totally deserted.

Times are tough, everybody is in debt and everybody lives on credit.

On this particular day a rich tourist from Auckland is driving through
town.

He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order
to pick one to spend the night.

As soon as the man walks up the stairs, the hotel proprietor takes the
hundred dollar bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to pay his debt to
the pig farmer.

The pig farmer then takes the $100 and heads off to pay his debt to
the supplier of feed and fuel.

The guy at the Farmer's Co-op takes the $100 and runs to pay his debt
to the local prostitute, who has also been facing hard times and has
lately had to offer her "services" on credit.

The hooker runs to the hotel and pays off her debt with the $100 to
the hotel proprietor, paying for the rooms that she had rented when she
brought clients to that establishment.

The hotel proprietor then lays the $100 bill back on the counter so
the rich traveler will not suspect anything.
At that moment the traveler from the East walks back down the stairs, after inspecting the rooms.

He picks up the $100 bill and states that the rooms are not
satisfactory... Pockets the money and walks out the door and leaves town.

No one earned anything. However the whole town is now out of debt, and
looks to the future with a lot of optimism.

That, ladies and gentlemen, is how the New Zealand Government is conducting business today.

merv
4th September 2009, 22:50
What's amazing is it sounds like that works. If we start the $100 going, how soon before it goes around enough times to pay off a mortgage?

Creeping Death
6th September 2009, 16:19
Wish it was like that in real life!

Jantar
6th September 2009, 16:22
Wish it was like that in real life!
It is. But because everyone is now in profit the government wants its $100 in tax. :beer:

p.dath
6th September 2009, 17:10
That's great. It made me laugh.

JimO
6th September 2009, 17:29
i take it you have never been to luggate

spookytooth
6th September 2009, 17:54
Right out of one of crumpys books :)

Slyer
7th September 2009, 21:32
For anyone who thinks this would work. :bleh:
All of them paid off $100 but they also lost the $100 that they were owed.
Hotel owner, owed $100 and was owed $100. Net worth: $0
Same for everyone else.