7/9/2007

Brett Arends of TheStreet.com - A mobile phone costs $17K in my world

Filed under: — menk @ 4:32 pm

According to some dimwitted analysis by TheStreet.com the true cost of buying an iPhone is $17,670. Is Brett Arends onto something the public is unaware of or is he just a clueless link monger? You be the judge.

According to Brett the true cost of the device is not only the price and that of the plan for two years ($2,039.00) but should include the income tax you had to pay to afford the phone in the first place. Who in the their right mind calculates cost this way? What is the real cost of a Double Cheeseburger at McDonalds? (Oh wait let me determine my tax bracket before I figure that out.)

Beyond that Brett suggests that if you were to invest that $2,720 (real cost over two years plus taxes on the original income) in your 401K over the next 35 years you could expect to yield $17,670. (Hey Brett who besides one of your cretinous readers hasn’t already maxed out their 401K?)

Is Brett really that short sighted that he would forgo a mobile phone for 35 years? As laid concisely out by Daniel Eran Dilger at RoughlyDrafted as he neatly flayed Brett’s weakminded arguments “How about telling us how much we’ll save by not driving a vehicle or not living indoors, too? I bet we’d be able to leave lots of money to our grandkids if we just worked hard and lived under a bridge for forty years with a maxed out 401(k).”

‘TheStreet.com ’ is not to be taken seriously. Apparently it is not any more a worthwhile financial website than Judge Judy is a respectable legal figure.

The True Cost of an iPhone? Try $17,670 - Almost News & Anal Staring - Belly Button pondering & Poor Advice - AAPL - AAPL

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