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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (56042)	6/14/2006 1:09:26 AM
From: patron_anejo_por_favor	Respond to of 306849

>>People won't part with their welfare willingly<< Lenders are people too! (sort of....)

To: ChanceIs who wrote (56042)	6/14/2006 1:40:28 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

If the government didn't provide welfare subsidies to farmers, farm land prices would be lower, and some food items which don't have competition from imports would increase in price. If the government didn't provide welfare subsidies to real estate owners, real estate prices would be lower, and rents would provide a better return on the lower price. If the government didn't provide welfare subsidies to the . . . its endless. Yes it really is welfare. People begin to feel entitled to their welfare, but its welfare all the same. .

To: ChanceIs who wrote (56042)	6/14/2006 11:36:06 AM
From: bentway	Read Replies (2) \| Respond to of 306849

I've always felt that a much more "progressive" tax break would be to make RENT deductible, but remove the mortgage interest deduction. I'd really rather see a flat income/cap gains tax with no deductions whatsoever, only starting at a certain income level, say $15k a year. No distinction between types of income, wages and cap gains. All types of compensation would have to be counted as income and a value assigned.