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It’s Hard

This week brought news of the collapse of pooled pension funds. One woman told how she had lost her husband’s pension, which was all of $432. So what you might ask? Well, when the only other income you have is a Social Security check of $900 a month then $432 is a lot of money. As she said painfully, “It’s hard.” The same week brought news of executive salaries and the fact that Larry Ellison had taken home $78 million. Ouch!!! And then came the news that a basketball team was up for sale. Our own Mark Cuban paid $275 million for the Dallas Mavericks. According to the paper he said “laughingly” that he bought it with “fun” money, from an uptick in a share. The contrast between the few who have and the many who don’t is quite mind-boggling.

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