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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2610)	11/8/2008 3:30:53 PM
From: TimF	Read Replies (1) \| Respond to of 3816

tim i have been talking about taxes in general since the first posts You started out that way, then you posted about raising topics on home ownership, than I said that would have been impossible, then you said it would not have been impossible, "it" from the moment you posted about raising taxes on home ownership was "raising taxes on homeownership". You brought up the idea, (and I quoted it accurately) and I've been responding to it since then. Talking about BOTH raising income tax rates AND raising taxes on home ownership The first would not have helped fixed things, it would have created incentives to make the bubble worse. The later was politically impossible, whether or not it would have been a good idea. remember, you agreed that taxes take liquidity out of the economy .... It takes money from individuals, but raising income tax rates does little to deflate a lending market for assets (houses) that are entering a bubble or are already in one.