This weekend’s entertainment: A clip from “The Cosby Show”.
In this famous dialogue from the pilot episode, Theo tells his dad that he doesn’t aspire to make a lot of money like his parents. He wants to make just enough, like regular people. And so using Monopoly money, Cliff offers a classic lesson in economics.
Cliff: So how much do you expect to make a week for “regular people”?
Theo: $250.
Cliff: (pointing to the bed) Sit down. I will give you $300 a week. $1,200 a month. (Cliff hands the money to Theo)
Theo: I’ll take it!
Cliff: And I will take $350 for taxes.
Theo: Whoa!
Cliff: Oh, yeah. See, the government goes for the regular people first. So, how much does that leave you with?
Theo: $850.
Cliff: OK, now you’ll need an apartment because you are NOT living here. Now an apartment in Manhattan will run you at least $400 a month. (Cliff takes $400)
Theo: I’ll live in New Jersey. (Theo takes back $200)
Cliff: Now you’ll need a car. (Cliff takes $300)
Theo: I’ll drive a motorbike. (Theo takes back $100)
Cliff: You’re gonna need a helmet. (Cliff takes $50) Now figure $100 a month for clothes and shoes.
Theo: Figure $200. I wanna look GOOD.
Cliff: So, how much does that leave you with?
Theo: $200. So, no problem.
Cliff: There IS a problem! You haven’t EATEN yet! (Cliff takes $100)
Theo: I can get by on bologna and cereal. (Theo takes back his $100) So I’ve got everything under control PLUS $200 left for the month.
Cliff: You plan to have a girlfriend?
Theo: For sure.
(Cliff takes the remaining $200)
Cliff: (pointing at Theo’s empty hand): Regular people.
