Hi all, I'm new here. Just got done reading TMF and wow what an eye opener. That being said I have a few questions about Chapter 37. I searched to see if there was previous threads that cover my questions but didn't find any. Each question is actually a few questions. Hopefully MJ reads this
Q1: Why divide gross living cost by 60%? In other words what taxes is he talking about and where did 60% come from?
Q2: Why divide net living cost by 5%? How was 5% determined as the minimum yield of the money system?
Q3: Why multiply the gross living cost by 5? Why not multiply the net living cost?
Apologies for the newbish questions. I feel like chaptor 37 and these equations are of the utmost importance and just want a better understanding
Q1: Why divide gross living cost by 60%? In other words what taxes is he talking about and where did 60% come from?
Q2: Why divide net living cost by 5%? How was 5% determined as the minimum yield of the money system?
Q3: Why multiply the gross living cost by 5? Why not multiply the net living cost?
Apologies for the newbish questions. I feel like chaptor 37 and these equations are of the utmost importance and just want a better understanding
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