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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (2625)11/9/2008 1:28:59 AM
From: c.hinton  Read Replies (1) | Respond to of 3816
 
tim...its time for you to offer some facts and data.

SO FAR YOU HAVE COME UP WITH ZERO!

now let me give you a hint.....

start with 24%of gdp in1924 ..subtact the tax due.

take average yearly gdp growth and multiply by the number of years.IE 1.5% per year for 30 years

then take 9 percent of gdp in 1954 ....subtract tax due.

factor in a devaluation which ,when comparing the 20s to the 50s has to be based on the price of gold since the dollar was directly linked to gold.



To: TimF who wrote (2625)11/9/2008 1:57:26 AM
From: c.hinton  Respond to of 3816
 
24 percent of an national income of ,say 10, is 2.4

9 percent of 14.5 (that 10 plus 45 percent gdp growth over 30 years ) is 1.4 more or less

now add in higher taxes and a dollar devalueation .

even without taxes or devaluation the income pie for the top earners in 1955 is much smaller than in 1924.

also remember the a big lump gdp from the war years was delivered to our enemies in the form of bullets and bombs or destroyed by our enemies as tanks and aircraft.


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