You probably thought the whole blog a day thing had already slipped my mind and I was going to fail right away. Oh how wrong you were. Sure, I could of posted earlier before class when I was on, but at that point I lacked inspiration as to what to post about. But now as my day is almost over, I found clarity on what to write about.
Taxes are dumb.
I'm not talking about paying them, though I'm sure that totally sucks too. I'm talking about learning about them. They are confusing. What does a tax on buyers do to supply and demand curves? What does a tax on sellers do? If the effect screws them both over, why both making and distinction? And more importantly, if the tax makes something go up, say $5, then why would the amount being paid go up or down somewhere between $0-$5?
These are the ponderances we had tonight as Cayla, Jillian and I sat around my computer reading questions about taxes in an attempt to study for our midterm in Econ tomorrow. In the end, we came out still confused. Example:
The City of San Diego is considering charging hotels a tax of $30 per room. What would you expect to see happen?
A.The price of hotel rooms will go up by $30
B.Hotel revenue will go down by $30 per room
C.The price of hotel rooms will go up but by less than $30
D.There isn't enough information given to answer this question
Answer: C.
Why? Not totally sure. Wouldn't you think that it would go up $30 at least so that the hotel doesn't lose any income because of the tax?
Whatever. I don't even care anymore. I just want it to be over and it to be the weekend and not have to worry about another midterm until my Finance 240 (business law for all those who never checked out my blog on my class schedule. see post down more on the page) that's next Thursday.
Taxes are dumb.
I'm not talking about paying them, though I'm sure that totally sucks too. I'm talking about learning about them. They are confusing. What does a tax on buyers do to supply and demand curves? What does a tax on sellers do? If the effect screws them both over, why both making and distinction? And more importantly, if the tax makes something go up, say $5, then why would the amount being paid go up or down somewhere between $0-$5?
These are the ponderances we had tonight as Cayla, Jillian and I sat around my computer reading questions about taxes in an attempt to study for our midterm in Econ tomorrow. In the end, we came out still confused. Example:
The City of San Diego is considering charging hotels a tax of $30 per room. What would you expect to see happen?
A.The price of hotel rooms will go up by $30
B.Hotel revenue will go down by $30 per room
C.The price of hotel rooms will go up but by less than $30
D.There isn't enough information given to answer this question
Answer: C.
Why? Not totally sure. Wouldn't you think that it would go up $30 at least so that the hotel doesn't lose any income because of the tax?
Whatever. I don't even care anymore. I just want it to be over and it to be the weekend and not have to worry about another midterm until my Finance 240 (business law for all those who never checked out my blog on my class schedule. see post down more on the page) that's next Thursday.
Oh and in other news, I went into Starbucks to grab some coffee before this study sess as I was dozing in my class (why I don't know...I didn't get up til 10am and class is at 4pm) and on their chalkboard, I saw that peppermint mochas are back. I was pretty excited and therefore ordered that. I could order it any time of the year, but when I ask for a shot of peppermint in my mocha, they make it seem like it's an odd request and sometimes do it and sometimes don't. On times they do, it's not much and times they don't, I'm usually grabbing it during a brief break and need to go to class after the huge line I have endured and am far away and too lazy to go back and be like "You messsed up." So I was surprised to see it available on the first of November since they still have pumpkin spice lattes and fraps. but whatever. These next 2 months I can have them all I want and it will be right!
1 comment:
Those are tasty, but they always make my stomach hurt when I'm done. Not that that has stopped me from drinking them when given the chance.
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