Wednesday, July 13, 2011

As They Usually Are

Home buyer tax incentives: simply a redistribution of wealth.

To this day, I still don't understand why home-owners are a particularly protected class of American citizens. During the housing crisis, left and right both thought we needed to "protect the home-owner." Why? What it truly boils down to is protecting debtors in favor of potential home-owners - who would be purchasing if the market was allowed to do it's work.

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