hi, there has been something i have been thinking about and would like to hear your suggestions. would you rather have, everything in your life sold for $ 60, or everything going for 60 % off ?
so what i was thinking if everything was $ 60
Ferrari $ 60
House $ 60
glass of water $ 60
a pencil $ 60 ?
which would be better?
Why would that matter ?
If everything is 60 % off, then that discount is worthless to anyone.
If everything is worth the same amount of money, then your income would probably also be that amount of money.
How are you going to pay your life if you can buy everything you like, but only 1 item each period you'll be paid.
And who dreams of a $ 60,- Ferrari if you can have a $ 60,- Ford Pinto as well....
I hope you didn't stay awake over this question, because it's not worth it (certainly no $ 60,- ).
I would go for 60% off!
So that's including your income ?
How do you know this isn't already the status quo ?
well lets say your income is what you have now.
Discounting everything by a fixed percentage is exactly the same as doing nothing. All the same relationships and ratios remain unchanged. Everything is relative.
Having everything cost the same is an unnatural economic arrangement that could not exist. It would self-destruct in short order, and probably also cause a fair amount of collateral damage to the society that attempted such a folly.
People read the first post! He is saying just you... not the rest of the world. WOULD YOU RATER (not the rest of the world) have everything sold to you for $60 or 60% of.
DMond:
hi, there has been something i have been thinking about and would like to hear your suggestions. would you rather have, everything in your life sold for $ 60, or everything going for 60 % off ?so what i was thinking if everything was $ 60
Ferrari $ 60
House $ 60
glass of water $ 60
a pencil $ 60 ?which would be better?
60 percent off a real Ferrari and it would still be expensive to a lot of people! for that reason only, i'll take a couple Ferrari's and a house please..... I can make a pencil for cheaper
That's not what i read.
He doesn't say sold to you, he just says sold.
That makes all the difference.
If we're just talking about what's being sold to me, I'd take the $60. One pencil? $60. Ten million pencils? $60. Cornering the market by buying all the food on the planet? $60... I think sellers might have a problem with that.
The arbitrage possibilities in such a situation would be enormous enabling massive exploitation of price discrepancies. However taking advantage of such imperfect markets does not always have the anticipated results.
Remember the cautionary tail of Ibrahim Bihi who eked a meagre living, exploiting a fundamental structural discrepancy in the price of goats.
Here is his tail "The Great Hargeisa Goat Bubble";
http://www.juliangough.com/the-great-hargeisa-goat-bubble/
XD XD