Secondly, it still is a considerable drag on our current economy. Even if your 50% number was accurate, the decline still impacts the whole 100%, i.e. GDP will be lower.
Not at all! Simply making another point.Aw, so now you move the goalposts, so it is now non home owners didn't benefit as much as home owners from the Bush tax cuts? Spendable income increases with tax cuts and that affects human behavior thus economic growth.