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+ "For most people, TV is a habit that costs in excess of $1 million over a lifetime."
To put it into perspective, if you watch an average of 31.5 hours of TV each week (which the average person in the US does) and you value your time at minimum wage of $5.85 an hour, you are spending nearly $800 a month ($798.53) to watch TV. That comes to nearly $10,000 ($9582.30) a year, BUY HERBAL AMBIEN OVER THE COUNTER. I would imagine that most people reading this value their time well above minimum wage, so the cost is likely several times that number. When you look at it from that perspective, watching TV is an extremely expensive and financially draining habit to have.
+ Ahead of his time. Rudy's "protest and invest" mantra is catching on at the Wall Street Journal. (If only they knew the source.)
Advocates of free enterprise must learn from the growing grass-roots protests, and make the moral case for freedom and entrepreneurship. They have to declare that it is a moral issue to confiscate more income from the minority simply because the government can. It's also a moral issue to lower the rewards for entrepreneurial success, and to spend what we don't have without regard for our children's future.
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HT: Rudy
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Related Thoughts on the Meltdown
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No mystery why Capitalism has failed there
Tuesday, August 1st, 2006Guy Kawasaki links to a World Bank report called Doing Business in 2006: Creating Jobs, described as: … the third in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. New quantitative indicators on business regulations and their enforcement can be compared across 155 countriesâ€â€from Afghanistan to [...]
Another Manifold Mystery
Thursday, May 26th, 2005“In the midst of [the] poorest neighborhoods and shantytowns, there are … trillions of dollars, all ready to be put to use if only the mystery of how assets are transformed into live capital can be unraveled.” – Hernando de Soto, The Mystery of Capital (Basic Books, 2000), p. 37 Trillions of dollars are waiting [...]