But what’s the total cost … ?
Authored: September 17th, 2008 @ 8:10 PM
Business people understand the phrase “total cost of ownership“. It’s what they calculate before they buy a new asset. It means they have not only estimated the purchase price, but also the cost of the maintenance, expendables, taxes and other not-so-visible costs. Many a small town has been sucked down the rabbit hole because their councils only looked at the developer’s glossy ads and saw “more houses to tax” without figuring in the total cost of services (the government’s equivalent to “total cost of ownership”). Now we read in a letter to the Northfield News that Rep. Bly (D-25B) may have made that ol’ small town mistake as he promises to legislate away the laws of economics … a trick that has never worked in the past, from Prohibition to “the Great Society”, and that will continue to not work.
Read the rest at Northfield News, where Doug Jones puts it all together.