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Staredit Network -> Serious Discussion -> How much a dollar is worth today..
Report, edit, etc...Posted by UBCS on 2005-03-26 at 22:18:51
I learned in school a few weeks ago that the average dollar has slowly lost it's value. I hered on a today's basis, a dollar is only worth 60 cents. By that imean a dollar will now only by the value of 60 cents back in the day...How can the US government allow this? We're going more and more into debt thanks to mr. dumbass bush. Do you feel this is right? Or do you feel we should take action an give people the right value for there money, please explain in detail your answer.
Report, edit, etc...Posted by PwnPirate on 2005-03-26 at 22:30:47
QUOTE
By that imean a dollar will now only by the value of 60 cents back in the day

Yes, and 60 cents back in the day was about $10.
Report, edit, etc...Posted by Revelade on 2005-03-28 at 06:13:35
As the national debt grows larger, money becomes more and more worthless. Another reason is that, "back in the day", there was less money printed in America so each bill was worth more.
Report, edit, etc...Posted by pimpinelephant on 2005-03-28 at 06:47:53
Come one, don't be so harsh on Bush, lol. I think we will grow more into debt no matter who the president is, i mean with all the inflation and the whole oil thing going on, what else is there to do except go more into debt.
Report, edit, etc...Posted by Felagund on 2005-03-28 at 16:08:03
Research hydrogen cells, and we won't have to worry about that dirty, stinky oil. Plus we can sell it to other countries (the technology) for so much money, it won't even be amusing. Say, instead of placing taxes on oil, the US could place a large tax on other things such as cigarettes (which I believe should be banned anyway), and more taxes on novelties such as rifles, cars, etc. I also believe in simply raising taxes, because what is the point of lowering taxes when all it means is that your debt will increase? If the 100 million or so households across America payed another $5,000 anually, that would be another $500 billion anually for spending. Now for the gas-hogging smokers, an average carton of cigarettes costs $30. If you smoke a carton a week, then that is roughly $1,500 anually. Now for gas... if you pay $2.20 a gallon for a 15 gallon tank, and you fill up twice a week, that is $66 a week, or $3,432 a year. You give a little you take a little. What is really stupid though would be decreasing taxes while increasing spending, especially so in trillions of dollars of debt, like our nation is doing right now. Oh yeah, about the gas, and smokes for that matter, if your spouse does it as well, expect to double those amounts. We wouldn't have nearly as many environmental problems then either!
Report, edit, etc...Posted by Moonmonkey on 2005-03-29 at 06:30:10
Regarding taxes, I agree with him completely.

That thought occured to me during gym....if everyon just paid an extra 100$, thats approximately another 35 billion dollars?

How many U.S. citizens would fight over another 100$?
Just put a tax an sporks.

Report, edit, etc...Posted by wesmic da pimp on 2005-03-29 at 13:07:14
today.... a dollar is only with a couple quarters, 3 dimes, 3 nickles, and 5 pennies
Report, edit, etc...Posted by Staredit.Net Essence on 2005-03-29 at 15:18:57
"Dumbass Bush"... Wow, nice judgement. Any other president would be in the same freaking situation, stop putting the blame on USAs alone...
Report, edit, etc...Posted by PhoenixRajoNight on 2005-03-29 at 15:26:45
QUOTE(aE-Felagund @ Mar 28 2005, 04:08 PM)
Research hydrogen cells, and we won't have to worry about that dirty, stinky oil. Plus we can sell it to other countries (the technology) for so much money, it won't even be amusing. Say, instead of placing taxes on oil, the US could place a large tax on other things such as cigarettes (which I believe should be banned anyway), and more taxes on novelties such as rifles, cars, etc. I also believe in simply raising taxes, because what is the point of lowering taxes when all it means is that your debt will increase? If the 100 million or so households across America payed another $5,000 anually, that would be another $500 billion anually for spending. Now for the gas-hogging smokers, an average carton of cigarettes costs $30. If you smoke a carton a week, then that is roughly $1,500 anually. Now for gas... if you pay $2.20 a gallon for a 15 gallon tank, and you fill up twice a week, that is $66 a week, or $3,432 a year. You give a little you take a little. What is really stupid though would be decreasing taxes while increasing spending, especially so in trillions of dollars of debt, like our nation is doing right now. Oh yeah, about the gas, and smokes for that matter, if your spouse does it as well, expect to double those amounts. We wouldn't have nearly as many environmental problems then either!
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I don't even know where to begin to reply to that comment, but you have some good points, but also ignorent views as well. Giving a tax increase all around is something that if anything should be incorparated. To raise prices on any one thing because you dont buy it or need it so why do you care, is very ignorant, like ciggaretts. You should thank the smokers, because of them the governmaent gets more money rolling in, and it would never be illegal theres too much money in it for the government.
Report, edit, etc...Posted by MyStIcAl-MySt on 2005-03-29 at 17:12:02
And this is when I'm glad to live in Canada w00t.gif
Well lets see, a dollar today can get you a chocolate bar, thats about it. And maybe half a bag of 99 cent chips. But really, it all depends on where you live. Like if you live out in a third world country then a dollar is a hell of a lot of money to have. But in places like the US or Canada a dollar really isnt all that much now. Whether this makes sense or not I dunno pinch.gif But I believe that a dollar is only worth its value in a developing country closedeyes.gif
Report, edit, etc...Posted by CaptainWill on 2005-03-29 at 19:39:09
You should be glad that the dollar is weak - it means that people will be more likely to invest in your country.

The British Pound is so strong that foreign investors are put off, especially car manufacturers.
Report, edit, etc...Posted by Mune'R0x on 2005-03-29 at 21:51:08
You know, Felgund, $500 billion isn't very much to the government... It's hardly any considering all the debt we're in, and then we also have to spend all the money on the stuff we need too.
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