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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: RE: "with plenty of analysis that it actually attracted talent and paid for itself" posted by Inmate51 on July 27, 2020 at 05:50:50:
I think they are trying to say that if you give people free education and the country makes in taxes$1,000,000
And the cost to give the education to this person is
-$60,000
Then your country makes a profit of $940,000 over a 40 year span.
The country that does not spend the $60,000 instead has a person who flips burgers and in his 40 years pays only $150,000 in taxes and uses $50,000 in various government schemes - or worse commits crimes so he could be a net zero to the country over his 40 year working life.
And it hurts the salesman. With the investment - you have a highly educated person making over $100k per year.
That guy walks into your stereo shop where you the salesman instead of selling him a home theater in a box at $299 now sell him a $30,000 Home theater system.
As a stereo salesman - which would you like to make the commission on? If you had 10 customers per week and all 10 bought the $30,000 system would you fork over 5% in higher tax to get 10 customers buying $30k systems or would you rather be stubborn and pay 0.5% tax but get commission on 10 $299 home theater in a box systems.
Me I would far rather a lot more wealthier people walking into my store even if that means I have to pay more in tax to pay to get people educated so they can afford the $30k stereo.
Use me as an example. I am just a high school teacher. Let's just say that I am well paid for what I do - that would not be the case in the west.
As a teacher in Canada - I forked over some money to my audio dealer - they were mildly happy. I was buying $1,000 - $3,000 components using visa. My HK dealer is happier that the government through taxes pays multiple times more than teacher makes in the west because here I can afford $10k-$30k per component items. Which salesman is more happy?
I was talking to the salesman and friend at a dealer here in Hong Kong - he noted that they have sold 200 Audio Note M6 preamps (1 year) and each of these go for an average of $20,000US each - that is just 1 model of preamp (they make 9 preamps). Have not even started on anything else. That is because there are more people here with more money available to them. I am fairly sure that even in California and New York and San Francisco that a stereo store is not selling 200 $20k preamps.
Don't get caught up in the Liberal BS and whether it is socialism or whatever bogeyman term being used.
If I sell something - I need customers - if I sell any sort of luxury good then I need MORE people to be able to afford luxury goods.
I don't want to be selling ten $900 integrated amplifiers a week - that's nice but I would far rather these ten people buy the $9,000 flagship model. And for that I need a highly educated highly paid workforce to generate the dollars to get them to afford the product I am selling.
Education is therefore an investment - you pay some money now for a big net gain later - it's really no different than putting money into an RRSP - you put $20,000 in hoping down the line that you will get $40,000 out.
It's basically investing for future profit.
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Follow Ups
- RE: "with plenty of analysis that it actually attracted talent and paid for itself" - RGA 07/27/2023:24:35 07/27/20 (0)
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