Understanding money, inequality, and why the tax bill is important
Imagine that today you accidentally got overcharged $1 somewhere, and a week from now they realized this and gave you your dollar back. On the whole, this might be annoying, but it probably won’t be a big deal to you. Not having that dollar likely didn’t affect your life in any material way; the “opportunity cost” you lost out on could probably be well-summarized by the interest rate on a dollar for a week.
That means that an unexpected expense of $1 basically costs you $1. If you got the […]
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