[Milsurplus] OT: Price Inflation was: FS: RAT-1

[Peter Gottlieb]

Next thing, you're going to demand that the AMT be indexed for 
inflation  ;-)

I don't think "ripoff" is the most precise term.  There must be a better 
term.  This is more a form of dishonesty where the terms are not what 
they seem to be on the outside.  This happens all the time, with just 
about every large corporation.  The larger, the more trickery involved.  
You can see it in sales where there is fine print, cable or cell phone 
contracts with "gotchas," warrantees that don't cover what was promised, 
and of course all manner of laws, tax and otherwise. 

At least with the tax laws you know what to expect and there are ways to 
work around them (in this case, avoid any business plan which relies on 
such profits).

Peter


J. Forster wrote:
> Dave,
>
> It's much, much worse than that.
>
> If you buy an asset (that does not rot or eat) and hold it a long time,
> then sell it, the dollars you get will be much more than what you paid.
>
> And the governments, Federal and State, tax you on the "increased value"
>
> Problem is, the "increased value" is fictional. The value of the item has
> not gone up. The value of the money has gone down.
>
> How many ways can you say RIPOFF?
>
> Put succinctly: "the basis for capital gains should be indexed for
> inflation".
>
> -John
>
> =============
>
>
>
>   
>> In fact, the whole idea of calculating inflated prices
>> is a "red herring," designed to keep us from looking
>> at the real problem.   What matters is not price,
>> but purchasing power per hour of work.
>>
>> If you really want to be depressed,
>> create a basket of household commodities
>> and throw-in a couple of major items, like
>> say a refrigerator and a washing machine,
>> that the aveage family would need and use.
>> Take the median wage from, say, 1964 in your field
>> and calculate how many hours you would have to work
>> to pay for it in 1964.
>> Now take your pay today and calculate how many
>> hours you'd need to work to pay for it today.
>> It's an eye-opener.
>>
>> 73 Dave S.
>>     
>
>
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