Stupid World

[Oscar]

Not really....... milk is a staple and a commodity brought nearly every day, by nearly everyone, whitegoods and cars are certainly not.
Stephen is saying buying power is greatly reduced which it is. subsidies tarfifs or whatever........ wages buy milk.
The relationship between the two..........is your buying power.......

He said:

( on a pint of Milk ) from 1976 to now, your money has lost 90 of its purchasing power !!!

This is patently wrong, as to compare the actual cost of milk from 1976, you'd have to factor in that part of your taxes that went to subsidise the product and to maintain the price control.
If you took out the bit in brackets, it would probably be near enough.

[husaberg]

He said:



This is patently wrong, as to compare the actual cost of milk from 1976, you'd have to factor in that part of your taxes that went to subsidise the product and to maintain the price control.
If you took out the bit in brackets, it would probably be near enough.

if you want to say he is wrong do the calculations... show us you are right.
Ave wage, ave tax rate vs cost of milk.

[Oscar]

if you want to say he is wrong do the calculations... show us you are right.
Ave wage, ave tax rate vs cost of milk.

You forgot reductions and increases in things sales tax, indirect tax and income tax that a family pays.
The RBNZ does a an overall spending power calculation, look it up.

[husaberg]

You forgot reductions and increases in things sales tax, indirect tax and income tax that a family pays.
The RBNZ does a an overall spending power calculation, look it up.

No, you do the calculations, You are saying he is wrong, prove it.

We are talking spending/purchasing power the value of wages vs the cost of a staple.then vs now.
Stephen has given an example, which you say he is wrong, prove him wrong due to subsidies and tax changes on income.
Do the maths show us you are right using his example. i gave you the formula.
personally i think Stephens ratio was a bit high, but that is a gut feeling only

[Brian d marge]

Oh i'm not saying you're right or wrong but he asked you if you had used milk as the example and you said no.

The easiest example is when i was a kid i could get a bag of sweets for 10 cents, now i can't.

The full sentence was anything stupid and I did say"" No that is true ,because there werent nowt stupid there

The reason why ya can buy the sweets is the thing we have been talking about.

Stephen

and off the top of head , the bikes back in the day were expensive ( I think there is actually a thread on KB )

[Oscar]

No, you do the calculations, You are saying he is wrong, prove it.

We are talking spending/purchasing power the value of wages vs the cost of a staple.then vs now.
Stephen has given an example, which you say he is wrong, prove him wrong due to subsidies and tax changes on income.
Do the maths show us you are right using his example. i gave you the formula.
personally i think Stephens ratio was a bit high, but that is a gut feeling only

Sure, I'll prove it - tell me what the real price of milk was (without price fixing) in 1976.
Then tell me what the Govt. subsidy was between 1976 and 1985.

The whole point is that using the cost of one thing to measure purchasing power is silly.
Using my previous example, the fact that mortgage rates have plummeted over the last 30 years says nothing about the purchasing power of your $.

[husaberg]

Sure, I'll prove it - tell me what the real price of milk was (without price fixing) in 1976.
Then tell me what the Govt. subsidy was between 1976 and 1985.

Oscar you offer nothing but excuses to why you can't back up your rash statements that Stephen is wrong.

[BoristheBiter]

The full sentence was anything stupid and I did say"" No that is true ,because there werent nowt stupid there

The reason why ya can buy the sweets is the thing we have been talking about.

Stephen

and off the top of head , the bikes back in the day were expensive ( I think there is actually a thread on KB )

So if you use tv's as an example our money has gained buying power, but you can't use that as you need to take technology into consideration as well as amount sold.

So you have to find something that is still the same today as 10 years ago that is why they use food but the problem is the advancement in production and selling it to the rest of the world.
If we made shit food like the rest of the world we would have cheap prices but we make some of the best so we have to pay what the rest does.

There is a scale using the MacDonalds hamburger but i cant be arsed finding it.

[Oscar]

Oscar you offer nothing but excuses to why you can't back up your rash statements that Stephen is wrong.

Maybe he would like to back up his figure.
I assume he meant to say that the dollar had lost 90% of it's spending power based on the price of milk.

Or why don't you prove he's correct?

But based on average wage figures - in 1976 you could buy just shy of 1200 pints of milk with the median weekly wage, and in 2013 you could buy could buy 804.

[Brian d marge]

Sure, I'll prove it - tell me what the real price of milk was (without price fixing) in 1976.
Then tell me what the Govt. subsidy was between 1976 and 1985.

The whole point is that using the cost of one thing to measure purchasing power is silly.
.

OI stupid what do you think the CPI does/is

btw , the subsidies before Q1 1976 were input 15% output of 85 and a pse of 13 %

and from this statement (Using my previous example, the fact that mortgage rates have plummeted over the last 30 years says nothing about the purchasing power of your $)

I KNOW you do do have a clue,

Regards
A well informed Village Idiot

[Brian d marge]

Maybe he would like to back up his figure.
I assume he meant to say that the dollar had lost 90% of it's spending power based on the price of milk.

Or why don't you prove he's correct?

But based on average wage figures - in 1976 you could buy just shy of 1200 pints of milk with the median weekly wage, and in 2013 you could buy could buy 804.

I posted all the links before is reading a problem?

Regards
edoctus

[husaberg]

Maybe he would like to back up his figure.
I assume he meant to say that the dollar had lost 90% of it's spending power based on the price of milk.

Or why don't you prove he's correct?

But based on average wage figures - in 1976 you could buy just shy of 1200 pints of milk with the median weekly wage, and in 2013 you could buy could buy 804.

silly billy, i don't need to prove hes correct because you are the one who says he is wrong.

Show me your figures rather than the result. Now that you have finally offered something.
I hope you are not using the mean household income though............

[Oscar]

I posted all the links before is reading a problem?

Regards
edoctus

Considering your habit of posting when pissed or stupid or both, that's pretty funny.

[Oscar]

silly billy, i don't need to prove hes correct because you are the one who says he is wrong.

Show me your figures rather than the result. Now that you have finally offered something.
I hope you are not using the mean household income though............

The figures are available to anyone with half a clue (which probably excludes Stevie boy).
The point is that using one commodity to comment on spending power is silly.
I may as well say that since the cost of video camera in 1976 was $2,000 then spending power has increased.

The figures were median weekly wage, btw.

[husaberg]

The figures are available to anyone with half a clue (which probably excludes Stevie boy).
The point is that using one commodity to comment on spending power is silly.
I may as well say that since the cost of video camera in 1976 was $2,000 then spending power has increased.

The figures were median weekly wage, btw.

Again i ask you to show me the figures you used.
regardless of your thoughts of using one commodity as a yard stick Stephen did to which you replied he was wrong, so its is up to you to prove it using your figures.

Again to muddy the waters with the electronics do you buy video cameras them every week?
There is a point to using a basic commodity brought almost daily (milk) that is a staple of a diet to illustrate a point.
There is also a point to using the average weekly wage minus tax...........

You might find my point is different than yours.......