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Response to mythology (Reply #11)

Sun May 26, 2013, 07:18 PM

12. The mortgage deduction was one of the causes of the 2008 crash.

It allowed and encouraged people to buy homes too big for them and they couldn't afford them. Other countries don't have this deduction and they do ok. The deduction is corporate welfare for the real estate industry. I differ with you about government giving subsidies to corporations. I don't believe in crony capitalism. Let them rise or fall based on merits and demands for products or services. We taxpayers should not have to subsidize them. Also end the welfare for Big Agriculture with the farmer subsidy to not grow food.

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marmar May 2013 OP
former9thward May 2013 #1
shawn703 May 2013 #3
mrdmk May 2013 #16
FreeJoe May 2013 #8
randome May 2013 #10
Egalitarian Thug May 2013 #15
mythology May 2013 #11
LineLineLineNew Reply The mortgage deduction was one of the causes of the 2008 crash.
former9thward May 2013 #12
Live and Learn May 2013 #13
Starry Messenger May 2013 #2
adieu May 2013 #4
byeya May 2013 #5
DallasNE May 2013 #6
davidpdx May 2013 #7
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