Money has a half life of 9 purchases.
Where did the money go?
Based on an eight percent sales tax without
figuring the income tax or any other taxes
that might be added in.
$1.00 spent on gum becomes 92 cents,
they spend it on gum and it becomes 84 cents,
they spend it on gum and it becomes 77 cents,
they spend it on gum and it becomes 71 cents,
they spend it on gum and it becomes 65 cents,
they spend it on gum and it becomes 60 cents,
they spend it on gum and it becomes 55 cents,
they spend it on gum and it becomes 51 cents,
they spend it on gum and it becomes 47 cents.
9 purchases down the line and half the $1.00 is gone.
The same graph would apply to $1,000,000.00