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Cake day: August 10th, 2023

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  • centof@lemm.eeto4chan@lemmy.worldcost of living 86 years ago
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    8 months ago

    Felt like nerding out on this.

    You can use the rule of 72 to figure compounding inflation (or interest) in your head. Just take 72 divided by your inflation rate and you get how long it takes for a price to double. Example: Assuming 3% yearly inflation , It would take 72/3 or 24 years for the price to double. Then, just double the starting price for each 24 year period. So assuming a car was 1,000 in 1950, it would cost about 2,000 in 1975, 4,000 in 2000, and 8,000 in 2025 if inflation for that product was exactly 3% yearly.

    A couple percentage points difference makes a huge difference in how long it takes for a price (or investment to grow). The stock market has an average yearly interest rate of like 8%. That translates into a investment portfolio doubling every 9 years instead of the 24 years it would be for 3%. So 45 years in the market would turn an initial 1k investment into a ~$32k investment.

    Of course, you could also use an online compound interest calculator(simple one here), but I like to know how to do the calculation myself personally.






  • I agree with your general point that third party votes don’t matter nationally. This is kinda blunt, but you are making the false assumption that Party politicans are entitled to everyone’s votes. You can’t remove a vote that was never casted for a particular candidate.

    “The rhetoric isn’t misleading.”

    It is to me. A vote for an independent candidate does not in any way, shape, or form count as a vote for Trump. They are not the same thing.

    It is a fact that a vote for an independent candidate is not tallied the same as a vote for trump. It is nonsense to say they are the same. It’s like saying a vote for Hawaiian pizza is a vote for Pepperoni Pizza. It is hokum.





  • That is a good humorous example of a first past the post voting system and it flaws. I like the bit where Bobby is a pigeon.

    In any democratic zero-sum system, removing votes for one party passively enables another.

    No, actually not in any democratic system. In our current first past the post voting system, it is applicable (minus the electoral college). But (ranked choice voting)RCV or (Score then Automatic Runoff)STAR based systems the outcome would likely be different in some cases. That scenario also ignore the most common scenario where people simply don’t vote. In your scenario, everyone is required to vote. In real life, of the 25 bobby votes some would sit out, some would vote third party and some would vote for a ‘major’ candidate like Biden or Trump.