whats it worth to you

Discussion in 'Politics' started by mnbasketball, Mar 15, 2011.

  1. mnbasketball
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    mnbasketball Member

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    If someone could take something that cost 5000.00 a year to provide to you and 40 years later they were providing it to you for double the cost 10,000.00 should you be happy when the over all inflation rate has been 4.2%?
     
  2. mnbasketball
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    mnbasketball Member

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    if the price of your govt rose at this rate even though inflation is at 4.2% would you be happy?
     
  3. Late2TheParty
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    Late2TheParty Classical Liberal

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    Well, the rule of 70 is a rough guide to say when something doubles -- so it tells me to device 70 by 4.2 equals 16.6 years it takes to double.

    So providing the same service at double the price 40 years later should be a very good deal.... unless we're talking about computing power or the like, whereby it would be a really bad deal :D
     
  4. DiamondDave
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    DiamondDave Army Vet

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    Not very good at math, are you?
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why on earth would I be happy about being dependent on someone else for 40+ years?
     
  6. mnbasketball
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    mnbasketball Member

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    I would have to agree, that 5000.00 40 years later at 4.2 % would be around 28,000, so you would be getting a good deal, wouldn't you say?
     
  7. mnbasketball
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    mnbasketball Member

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    do you produce your own gas? Do you make your own clothes? Do you grow your own foods?
     
  8. Late2TheParty
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    Late2TheParty Classical Liberal

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    Yes, but what is this argument leading to?

    Because if applied to the federal government, we're not exactly paying for it. We're letting the next generation pay for it... so our theoretical bill is smaller than it should be. For now.
     
  9. mnbasketball
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    mnbasketball Member

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    The truth is this, the teachers who everyone is taking to the cleaners is costing the tax payers 2/5 of what inflation does to the cost of goods over 40 years.

    In 1970 the 5000 a student would be 28,000 in 2010 dollars but we only spend 10/11000 depending on who you talk to. thats less that 2/5ths of what inflation says it should cost.


    In 1970 i was making 3.00 an hr and I retired in 2006 at 26.00 an hr as a machinist.

    so how the hell is a Techer who has a college degree not worth more than a machinist.
     
  10. mnbasketball
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    mnbasketball Member

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    so if were not willing to pay what something cost we should just tell the person providing it to you that your going to provide it to me and at the price I want to pay and thats the end of the story.
     

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