Paul Krugman says he’s not predicting that we’re headed for the great wipe-out, but if there’s going to be one, this is the way it’s going to start. The money-changers are telling everybody this is the chance of a lifetime — a great buying opportunity.
It’s time for a little humor. Business Section of the Sunday paper ran a big piece on the AMT — Alternative Minimum Tax. Gotta do something about this, said the story, because middle-class families are affected — those with incomes from $75,000 to $500,000!!!!
I said a little humor — very little. Close to half of the households in this country don’t have incomes equal to HALF of $75K! But it is nice to know that if you’re in a household with an income of $75,000, you’re being lumped together with those whose income is $500,000.
What a joke!
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