Facts speak louder than statistics

Saturday, 28 December 2013

But It's Only...........

Here's some basic economics which is often intentionally ignored by the some as they push on us their money grabbing scams. 

It will often be presented as only an extra $2 a week or only an extra $50 a quarter or only an extra $500 a year depending on the spin they want to put on it. 

They claim it's a good cause that would only cost you less than $2 a week with the inference that if you object to such a paltry sum of money being taken from you then you are heartless and mean. It's less than a cup of coffee, can't you give up a cup of coffee to help? 
Such a schemes may come across as a good idea but for many people it’s the last straw. They couldn’t afford an extra grab on their earnings. 

Oh but it’s only the cost of a cup of coffee…….. 

That coffee that someone has to give up could be the very cup of coffee they rely upon to keep working so they can earn the  very money that’s being taking from them. 

In any case there are limits to how much money someone has and no amount of creative accounting will change that. 

To put it basically if someone gets $500 a week and the lot is being taken from them you won't get a single cent more out of them let alone $2. If someone earns $50,000 a year with $49,900 already spent and you hit them with another $104.00 in costs they are $4 in the red and can't carry those costs over forever, especially as they'll be hit with inflation in the next year.

Thanks to all these grabs at our hip pocket the economy is struggling to recover. Where people had money left over to spend they now have new taxes and costs and all of them presented as an extra couple of dollars here are a few hundred dollars a year there. 

Costs need to be brought down and wages isn’t the only place as is often claimed. The increases in electricity costs in turn push up the costs of goods and services elsewhere, same as the increases in rates and water charges

Every dollar taken from someone is one less for them. They don’t necessarily have another one to take its place and even if they did others are not entitled to them to fund their scams and people just can’t borrow large sums of money and hand the bill to others. 

Next time someone tells you any sceme (or scam, the two words are often interchangeable) they’re supporting ‘only’ costs so much a week, a month, a year etc. and won’t affect you and everything is fine and rosy look them straight in the eye and point out if they actually worked for a living they would see we their version of economics is not based in the reakl world.