Re:DOGE's Only Public Ledger Is Riddled with Mistakes
by cwalv on Saturday February 22, 2025 @10:22PM
(#43146159)
> Don't forget, a percentage of that GDP increase is just inflation.
By design, GDP measurements are adjusted for inflation, unless you're looking at 'nominal GDP' (which nobody does because it's pointless).
> Most people, as they get richer, want to have services increase, as they can afford to pay more
This makes sense. But I'm not sure how many people believe that they're getting what they pay for, esp when it's not actually paid for, but financed
Over time it _can't_ scale linearly with population, unless you decide to not adjust for inflation. It _could_ scale with population and inflation, assuming that you agree that you don't want more services from your government.
Don't forget, a percentage of that GDP increase is just inflation.
Most people, as they get richer, want to have services increase, as they can afford to pay more. For example, they go to nicer restaurants, nicer hotels, maybe they get a massage, where previously they would not have, etc.
This is largely also true of a population. We expect that our children will be better educated. We expect better roads/bridges/other infrastructure. Heck, we might even expect better public infrastructure such as trains, buses, etc.