<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, June 10, 2015 8:46 PM</td></tr><tr><td>To:</td><td>Noam Chomsky</td></tr><tr><td>Subject:</td><td>Re: ALT MIN , not in literatue</td></tr></table>

AHH now a subject that is easy. =AO economic theories can be studied ad nauseum they need to in=lude time energy, doesn't help the the people that you an I care abou=. . one way to read yours statement is that lower mortga=e interest deductions meant LESS benefit to the wealthy. its a deduc=ion! . he writes about england and the us. two dif=erent currencies. inflation in one deflation in the other. =AO arguments framed in percentages are an axe on the poor and=a distraction to the rich. in my example with cooks analysis,=C2 less money available for food stamps.

I read ken arrows wo=k. Larry summers uncle. . he suugests that to make a dif=erence a large lump needs to be given to the bottom , not dripped out over=time. interesting view

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On Wed, Jun 10, 2015 at 2:17 PM, Noam Chomsky=c > wrote:

Interesting, but now we're ge=ting into really tricky calculations. To take an example recen=ly discussed by economist Tom Clark, costs of essentials "that weigh especially heavily in the budgets of poorer families" have r=sen sharply, while mortgage interest payments ("that greatest of m=ddle class costs") have fallen. He estimates that inflation =as been between one third and one half higher for the poor since the crash. And that's the bare beginning, and of course not =onsidering the huge sums like the subsidies to energy corporations, etc.

From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Tuesday, June 09, 2015 10:52 AM To: Noam Chomsky Subject: ALT MIN , not in literatue

alt min tax =A tax calculation that adds certain t=x preference items back into adjusted gross income. how to fin= the distribution you asked needs to take into account the following=example. Mr P and Mr R. R has a =uge home , and deducts 30k of interest ( max) on his return.. ( tax savings a@=0 percent rate, 10k). his deduction however is added back into gros= income under the alt minimum . increase by 30k @tax rate of 4= ( 12 k ) net 2k more in tax. 12k - 10k . state and federal included. , Mr P given 2k in earned income c=edit, and food stamps. on a sliding scale. payment . plus 2k.=C2 . Mr R , had in his mind that he was getting 30k help from gov= so he hired Mr P to do his landscape. . The bank that lent the mort=age to MR P . shows a mix of low risk and medium risk loans. havin= Mr Ron its books allows it to make the more risky home loan to Mr P. =AO The value of all the homes in the neighborhood increase as a resu=t of the well done landscape on MR s house, and the value of Mr Ps house rises along side of it. I can go on=and on . Mr Ps children are happier.

please no=e

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please =ote

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