What if one considers marginal economics and empty mega sites? Huh?
Elvis Presley was purported to have purchased seven Cadillac(s). One for each day of the week. Sweet! Actually Elvis purchased over one hundred Cadillac(s) during his life time (he may be still buying as he’s sighted every day).
Elvis purchased the seven Cadillac(s) with private money (or one hundred Cadillac(s) if you like that example better). Elvis did what he wanted with his private money. Any gain or loss from owning seven Cadillac(s) was Elvis's business, and only his business.
Did Elvis get the same satisfaction with the seventh Cadillac purchase as the first purchase? Depends, but…in the main, and upon normal occasion, less satisfaction is expected per unit consumed. That is, Elvis’s marginal satisfaction fell with each purchase, with the first purchase likely creating the most satisfaction and the last purchase the least satisfaction.
That said, consider the aggregation of all taxpayers and their marginal satisfaction thereof. What kind of taxpayer marginal satisfaction is derived from the first empty mega site? The second empty mega site? The 181st empty mega site?
Are taxpayers like Elvis and whereas Elvis wanted seven Cadillac(s) for each day of the week, taxpayers want 365 empty mega sites for each day of the year? -Or- Are politicos like Elvis, and whereas Elvis wanted seven Cadillac(s) for each day of the week, politicos want 365 empty mega sites for each day of the year?
Are you being served?
Tuesday, March 3, 2015
Elvis Presley, The 180 Empty Mega Sites, And Then There Was 181
Labels: 181 empty mega sites, at the margin, Elvis, marginal satisfaction, Politicos through the mechanism of government
BS Economics, cum laude, Private and Public Sectors, 1979, West Virginia University, Morgantown, WV. Undergraduate Minor in General Insurance. Chartered Life Underwriter (CLU), Huebner School of Economics, American College, 1992, Bryn Mawr, PA. Life Underwriter Training Fellow (LUTCF), 1986, National Association of Life Underwriters, Washington D.C.. Currently enrolled and completed one half of Chartered Property and Casualty Underwriter (CPCU) from the American College. 38 years insurance industry experience.