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Try Obama's Redistribution of Wealth for Yourself
Message
From
03/11/2008 15:28:39
 
 
To
03/11/2008 15:26:05
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01358923
Message ID:
01359281
Views:
40
>>>>The last stated income level was 100,000. Let's assume that for now just for discussion sake. What is the exchange rate in British sterling? Approximately 63,000/yr, correct? Does a family with 63,000 annual income fall into the 'rich' category in your country?
>>>>
>>>>That one is a specious argument. The only time the exchange rate matters is when you are earning in one currency and traveling somewhere that uses a different currency. What I observed when Andy and I were living there, was that things seemed to cost about the same number. So I reckon that if you are earning pounds and living in England, 100K pounds will buy you in England what 100K USD will buy you over here.
>>>
>>>I found the same thing when I was there - admittedly a while ago. What cost $5.00 here cost £5.00 there. I was very surprised at that.
>>
>>The problem is that in order to get that 5 in British pounds, you'd have to give up 7.90 US dollars... So as long as you were paid in British pounds you'd be ok...
>
>That was exactly Marcia's point. A salary of $100,000 earned and spent in the U.S. will buy what £100,000 earned and spent in England will buy. So comparing $100,000 salary in the U.S. to £63,000 salary in England doesn't make sense.

I go that in my last post. I haven't spent much time in England so I can't speak for there. I know that back when I was living in Germany that was not the case. Of course, that was some time ago. Not sure how much inflation played over there compared to here...
.·*´¨)
.·`TCH
(..·*

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