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s1artibartfast
11mo ago
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% GDP isn't an inflation adjustment.
0.8% US GDP in 1969 would be about 8B/yr today. Very different answer
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trhway
11mo ago
US GDP 2024 is $29T. Thus 0.8% is $230B.
s1artibartfast
OP
11mo ago
Expense scales with inflation, not GDP, which is the point.
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