Study the logic in the following exchange from this doctor's blog : Several years ago a wise man said something to me that really impacted my life. He was a Pharma drug rep, but prior to that, he was an accountant for a financial service company. One day, during his old career, he had an epiphany of sorts when he was conversing with an investment banker. The accountant lamented to the banker, "How come you make so many times what I make?" The banker responded, off handedly, "Because I make money and you cost money." "Because I make money and you cost money." Wow! Several weeks later, this accountant left his company and went into sales so he could "make money." He told me that story over dinner one night and I had epiphany of my own. There are 2 types of people in the world: those who make money and those who cost money. People that make money will always be worth more than those who cost money. Most of us fall into the cost money category. Think...
Over at one of the discussion forums I visit there was a heated debate about the reason for the higher prices of goods in Canada, despite the fact that the Canadian dollar has hit parity with that of the Americans. The debate spilled over into other various fun topics, including taxes and healthcare. One person commented that taxes have little to do with price differences, "The fact that anyone thinks that stuff like health care and taxes have anything to do with price difference, they deff need to go back to school. You don't add taxes to the price of a car until after you buy it. So this argument about health care and taxes is totally irrelevant to this thread." I decided to respond to that comment, and to then turn my response into a full-blown post. If this was only about the exchange rate difference, that comment would be correct. If you take this debate to be more all-encompassing, the cost of doing business has to be considered as well. Remember that you're not...