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by jarym
3438 days ago
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Go back to 1950s USA where average annual salary was just over $3000 - if I told you back then I'd give you $500 a month - almost twice the average salary where do you think we'd all be now? Would we be even here? Now take your $500 a month and project forward another 50-60 years. What do you think it'll buy you then and why? By picking a monetary amount - be it $50, $500 or $1000 it IS absolutely making a determination about what's basic. And its doing it based on the living standards and cost of living of today. That's a large part of why its so flawed. |
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