4 ms·

Approximately 5% increase and is inline with inflation.

mensetmanusman 5y ago
Surprised these types of dollar amounts aren’t pegged to inflation, although if everything were pegged to inflation, what would things cost?
- jonas21 5y ago
  They are. See section (g)(4) of: https://www.law.cornell.edu/uscode/text/26/402 https://www.law.cornell.edu/uscode/text/26/402 Everything, including the rounding to a multiple of $500, is specified in the law.
ekianjo 5y ago
you mean the fake inflation measured by some artificial basket not representative of anything?
- mym1990 5y ago
  Can’t tell if you’re implying that there is no inflation or if inflation is much higher than 5%?
  - ac29 5y ago
    Usually these folks are of the type who seem to think "well, my rent went up by 10%, therefore inflation cant really be 5%"
    - nzmsv 5y ago
      And are "these folks" as wrong as you imply? Is there a better indicator of inflation than a dollar's purchasing power?
    - ekianjo 5y ago
      And usually people like your type seem to blindly trust government metrics
- sbelskie 5y ago
  Do you have a better one you use instead to gauge inflation?
  - nzmsv 5y ago
    Even if they don't, that's not a valid argument. A metric can be misleading even in the absence of better ones. The parent comment does not deserve the downvotes. For a balanced take: https://www.investopedia.com/articles/07/consumerpriceindex.asp https://www.investopedia.com/articles/07/consumerpriceindex....
- gruez 5y ago
  You're free to come up with your own index with your own basket. The BLS publishes inflation indices at a very granular level, so you don't even need to reverse engineer their data. For maximum shock factor, may I suggest a basket overweighted towards medical care, college tuition, and healthcare[1]? [1] https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1024.png https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1...
  - curryst 5y ago
    I wondered why you had medical care and healthcare, they seemed redundant, but good on BLS for separating hospital costs and medical costs. That truly is granular.

Surprised these types of dollar amounts aren’t pegged to inflation, although if everything were pegged to inflation, what would things cost?

jonas21 5y ago
They are. See section (g)(4) of: https://www.law.cornell.edu/uscode/text/26/402 https://www.law.cornell.edu/uscode/text/26/402 Everything, including the rounding to a multiple of $500, is specified in the law.

ekianjo 5y ago

you mean the fake inflation measured by some artificial basket not representative of anything?

mym1990 5y ago
Can’t tell if you’re implying that there is no inflation or if inflation is much higher than 5%?
- ac29 5y ago
  Usually these folks are of the type who seem to think "well, my rent went up by 10%, therefore inflation cant really be 5%"
  - nzmsv 5y ago
    And are "these folks" as wrong as you imply? Is there a better indicator of inflation than a dollar's purchasing power?
  - ekianjo 5y ago
    And usually people like your type seem to blindly trust government metrics
sbelskie 5y ago
Do you have a better one you use instead to gauge inflation?
- nzmsv 5y ago
  Even if they don't, that's not a valid argument. A metric can be misleading even in the absence of better ones. The parent comment does not deserve the downvotes. For a balanced take: https://www.investopedia.com/articles/07/consumerpriceindex.asp https://www.investopedia.com/articles/07/consumerpriceindex....
gruez 5y ago
You're free to come up with your own index with your own basket. The BLS publishes inflation indices at a very granular level, so you don't even need to reverse engineer their data. For maximum shock factor, may I suggest a basket overweighted towards medical care, college tuition, and healthcare[1]? [1] https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1024.png https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1...
- curryst 5y ago
  I wondered why you had medical care and healthcare, they seemed redundant, but good on BLS for separating hospital costs and medical costs. That truly is granular.