
I’ve known Stan for a long time. I first made his acquaintance back in the eighties when fire retardant plywood used in homebuilding began failing. Stan actually invented and later patented a device that was able to measure the structural integrity of roofs that were constructed with this material. He was an expert witness in one of the largest class action suits against the manufacturers of the product. He has also worked with several homeowners associations in helping them to set up and manage their reserve funds.
We also had a little fun with the subject of taxes. Paul shared a report that determined that only 53% of US households will actually pay taxes for 2009. The other 47% will pay no taxes which means that half of the country is working for the other half. Earlier this week on the same subject was covered on the Diane Rehm Show on WAMU. What is even more disturbing is that about half of those who didn’t pay any tax will actually get money back through a variety of tax credits.
Maybe I should just stop working.
You can hear the latest podcast here.