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#9096
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ponieslifegag **User deleted account** (09/20/2012) [-] i remember when i was like 15. it was said president only makes 250k a year.
now 400k? more or less. anyone got concrete answer on this one? pls share
now 400k? more or less. anyone got concrete answer on this one? pls share
#9097 to #9096
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whereisnsfw (09/20/2012) [-] Yes, since January 20, 2001 President of USA earns 400k a year. (+50k annual expense account, 100k nontaxable travel account and 19k for entertainment)
However, in reality, he is NOT making more then they used to. Why? Because $ is worth less now.
As you can see in the picture :
In 2001, 400k was equal to 487k in 2009.
But in 1909, 75k was equal to freaking 1,714k!
Credit to wikipedia
However, in reality, he is NOT making more then they used to. Why? Because $ is worth less now.
As you can see in the picture :
In 2001, 400k was equal to 487k in 2009.
But in 1909, 75k was equal to freaking 1,714k!
Credit to wikipedia
#9105 to #9103
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airguitar (09/20/2012) [-] I don't necessarily believe the Fed needs to be "ended" but there is no way of denying that inflation is a tax on all people who hold US currency. The fact that the Fed, a private bank, has the sole ability to slowly take the value of our dollars is disgusting to me. Why should I not view inflationary policy with angst?
