yodeljunkmanenvy [freestater.org]@piefed.social to Libertarian Discussion@sh.itjust.worksEnglish · 2 months agoNew Hampshire proposes to cap school spending (aka property taxes) to the rate of inflationnhjournal.comexternal-linkmessage-square8linkfedilinkarrow-up12arrow-down14file-text
arrow-up1-2arrow-down1external-linkNew Hampshire proposes to cap school spending (aka property taxes) to the rate of inflationnhjournal.comyodeljunkmanenvy [freestater.org]@piefed.social to Libertarian Discussion@sh.itjust.worksEnglish · 2 months agomessage-square8linkfedilinkfile-text
minus-squareyodeljunkmanenvy [freestater.org]@piefed.socialOPlinkfedilinkEnglisharrow-up1·2 months agoOkay bear with me here. So school budgets will still go up by the rate of inflation. Inflation is how much more expensive things have become, so in inflation-adjusted dollars, they will be getting the same amount of money. Does that make sense?
minus-squareT00l_shed@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoYes, ok bear with me. You know inflation is always 100% accurate to reflect real costs right?
minus-squareyodeljunkmanenvy [freestater.org]@piefed.socialOPlinkfedilinkEnglisharrow-up1·2 months agoYes exactly!
minus-squareT00l_shed@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoIm glad you agree with my sarcasm
Okay bear with me here. So school budgets will still go up by the rate of inflation. Inflation is how much more expensive things have become, so in inflation-adjusted dollars, they will be getting the same amount of money. Does that make sense?
Yes, ok bear with me. You know inflation is always 100% accurate to reflect real costs right?
Yes exactly!
Im glad you agree with my sarcasm