The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: BWAC who wrote (158034)	10/17/2008 12:34:37 PM
From: GraceZ	Read Replies (1) of 306849

And why are you so against a little redistribution of wealth? How about it is stealing what doesn't belong to you. You don't help the little guy become a big guy by making the laws protecting personal property weaker. This is what every single government that tried wealth or property redistribution learned the hard way. Aside from that I have totally selfish reasons, when the government takes money away from people who have a propensity to save and invest their marginal dollar and give it to those who have a propensity to spend their marginal dollar they reduce the amount of money available to turn into productive capital, at the same time inflating prices on those things that the low income earners need. If anyone doubts that throwing money at those with a marginal propensity to spend inflates prices they simply need to read this thread over from the beginning since it covers the entire history of the great housing inflation.

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