Mathematics of Taxation: The Magic of Compound Interest: Now You See It, Now You Don't

submitted by salvia_d from youtu.be

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]salvia_d[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Here is an example using compound interest to show that after $100 changes hands 10 times there is less than $20 left in real the economy, i.e., the government takes 80% of $100 not including income tax. That's the insanity of the system that we live with. $150 to $20 in 10 transactions.