Quote:
Originally Posted by Munchmasterman
Using your words, How can the cost of anything (whether it is an original cost or an adjusted cost) drop by more than 100%?
Say the cost of item A is $100. In 2013, everyone seemed to want one.
It is now 2014 and item B is the cat's ass. You dropped the price of item A to $0. You can't give them away and you need the space. They cost $10 per item to be hauled away.
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Not a bad answer, Dickmuncher. Better than tranny boy could come up with. Too bad the concept of negative cost doesn't hold up well under scrutiny. If you are a storekeeper who stocked up on item A in 2013 and now you can't sell or give it away, you will write down the inventory to zero and record the expense of hauling it away in a separate account. You can't write off more than 100% of your original cost. Have you ever shopped at a Dollar Store? Every item in the store costs $1. Have you ever heard of a Negative Dollar Store where shoppers are paid $1 to take away any item in the store? Didn't think so. But go ahead and open one if you think it's a good business model.
So it's an interesting concept, but not something that can be used to explain away Odumbo's bad math. Do you really think he was saying the cost of employer-provided healthcare is about to turn negative by a factor of 30? I've heard promises that the ACA would “bend the cost curve”... but nobody has suggested the cost curve can be bent to zero, or better yet, that insurers will soon turn around and start paying premiums back to us. And it doesn't matter if Odumbo was only citing an “estimate”. He cited it wrong. A 3000% drop is not mathematically possible. So let's just be honest about it and admit Odumbo made a big boo-boo, ok?
And how do you like my font size, Dickmuncher? See how easy it is to make a point
WITHOUT SHOUTING AND ANNOYING EVERYONE? (Your lame insults are annoying enough.) The other cool thing is it allows you to
ADD EMPHASIS as needed, something you can't do if you are already
SHOUTING ALL THE TIME.
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