so $100 year one and $101.95 year 2 does not equal 3.5% it is about 2.0 percent like i said. so if i get a 2.0% raise every year and inflation is 3.0% per year i take a 1.0% pay cut every year with regard to inflation.I don't have a dog in this fight...but your math is wrong, unless the dues percentage goes up every year:
Year 1: $100 - $1.50 dues = $98.50
Year 2: $103.50 - $1.55 dues = $101.95 Still 3.5% raise
Year 3: $107.12 - $1.61 dues = $105.51 Still 3.5% raise
Not saying it's good, but from the sidelines....it beats a sharp stick in the eye!
You should check this out Recent Videos for inflation and monetizing the debt .