Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on The “Sharing Economy” Is the Problem. Parent comment
consuming immediately gives you 80% of income
assuming you invested all of it, 80$ and made back 10$ which was then taxed at 25%, you're left with 87.5$ out of 110$ in total income.
consuming after a year gives you 87.5/110 = 79.5% of income, 1 year in the future. After discounting at 2.8%, you're left with only 77.38% of income.
In that case, you'd rather splurge than invest.
There are no comments on this comment yet.
consuming immediately gives you 80% of income
assuming you invested all of it, 80$ and made back 10$ which was then taxed at 25%, you're left with 87.5$ out of 110$ in total income.
consuming after a year gives you 87.5/110 = 79.5% of income, 1 year in the future. After discounting at 2.8%, you're left with only 77.38% of income.
In that case, you'd rather splurge than invest.