Thursday, April 24, 2008

The Poor Millionaires


Cost of tomatoes have not gone up and neither that of a TV or a cell phone but most of us already have those. Inflation never goes after the stuff we already have, what would be the point in raising prices on items people don't really want. No, it is always the stuff everyone wants that goes up. The old supply and demand thing.

What is going up? How about government services, i.e. healthcare, police and education? And how about repair and maintenance of your house, body and your car or your DVD or your PC. Unfortunately these are the things we need more of. And guess who avails themselves of these services? The rich, of course. Combine that with the fact that all a million dollar will earn in a bank today is about 20,000 a year and what you have is a land of poor millionaires. No wonder the stock market keeps trying to go up; every one is hoping to get a little extra income, even the millionaires.

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