They would still be effected by the value of a dollar or inflation... -----Original Message----- From: Sam [mailto:[email protected]] Sent: Tuesday, April 26, 2011 07:40 PM To: cf-community Subject: Re: Not So Much: Taxes Discourage Millionaires
On Tue, Apr 26, 2011 at 5:59 PM, Gruss Gott <[email protected]> wrote: > > Sam <[email protected]> wrote: >> >> We still get paid in dollars. > > So let's talk about that plumber. Let's say he works 1 hour = $40. > > At $2/gallon that would mean he could buy 20 gallons of gas. > > But you claim that the Fed's purchase of government bonds means this > imported gas is now twice as expensive thus gas is now $4/gallon so he > only get 10 gallons. > > Ok, so then why aren't BMWs or Heineken twice as much? Or the > licenses to watch the royal wedding? Or Patron Silver tequila? Well, in real numbers the change is like 6%, I was using bevnap numbers for effect. Prices of those items have gone up but they are not traded in dollars so it depends on the value of the currency used. Also, a company like BMW is going to be willing to take a pay cut to stay in the market. If they lose dealerships now then they're gone for the long hall. And that's by bar stool economics class. Do I pass? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336889 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
