Page 7 of 9 FirstFirst ... 56789 LastLast
Results 61 to 70 of 83

Thread: Key Tax Breaks at Risk as Panel Looks at Cuts

  1. #61
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    I hope they get rid (or at least reduce) the mortgage interest deductions. They distort the market by favoring homeowners over renters, when there is no logical economic reason for the government to incentivize one over the other.
    Not so. Those who own property as opposed to rent, have a greater incentive to act for the betterment of their socirty, as they have a monetary stake in the performance of that socirty.
    When you own your house you care more about what happens to your neighborhood.

  2. #62
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Goobieman View Post
    Not so. Those who own property as opposed to rent, have a greater incentive to act for the betterment of their socirty, as they have a monetary stake in the performance of that socirty.
    When you own your house you care more about what happens to your neighborhood.
    Why should the federal government care how much you care about your neighborhood? That should be a local matter at most. At the federal level, neither renters nor owners have significantly more mobility than the other (e.g. it's about equally difficult for everyone to emigrate elsewhere), so it isn't true that homeowners have more incentive to improve their society at the national level.
    Last edited by Kandahar; 10-25-10 at 08:25 PM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  3. #63
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    Why should the federal government care how much you care about your neighborhood? .
    The current administration supports wealth redistribution, so my neighbor gets money I earned, and you can ask that question?

  4. #64
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian View Post
    The current administration supports wealth redistribution, so my neighbor gets money I earned, and you can ask that question?
    So have all previous administrations.


  5. #65
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    Why should the federal government care how much you care about your neighborhood?
    It promotes the general welfare. Well=kept, clean safe neighborhoods are better for society than run-down, dirty and unsafe neighborhoods.
    Promoting investment in private property - specifially, home ownership - is a means to that end.

  6. #66
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by pbrauer View Post
    So have all previous administrations.
    You really believe that, don't you. Sad.

  7. #67
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Whovian View Post
    The current administration supports wealth redistribution, so my neighbor gets money I earned, and you can ask that question?
    Random partisan hackery, completely irrelevant to the topic of mortgage interest deductions. Yawn.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  8. #68
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Goobieman View Post
    It promotes the general welfare. Well=kept, clean safe neighborhoods are better for society than run-down, dirty and unsafe neighborhoods.
    Promoting investment in private property - specifially, home ownership - is a means to that end.
    I didn't realize you were such a fan of an expansive interpretation of the general welfare clause...

    While I can certainly see your point on the local level, the feds have no stake in this fight. The areas where urban decay is a problem can encourage ownership on their own if they agree that it will help solve that problem.

    From a federal standpoint, I'd argue that if anything, home ownership is WORSE for the general welfare becauses it discourages career mobility and encourages housing bubbles. But I'd be happy if the feds were merely agnostic between owning and renting.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  9. #69
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    I didn't realize you were such a fan of an expansive interpretation of the general welfare clause...
    To promote the general welfare is one of the basic purposes of the Federal government, as noted in the Preamble.
    This does exactly that - and it doesn'y have anything to do with the "General welfare clause" - nor does it create an expense of any sort..

    While I can certainly see your point on the local level, the feds have no stake in this fight.
    "...promote the general welfare..."

    The areas where urban decay is a problem can encourage ownership on their own if they agree that it will help solve that problem
    Yes, they can. This in no way precludes the federal government from doing so as well.
    Given the dispartiy between federal and local income tax rates, the effect that local governments can have to this end is severly limited, however.

    From a federal standpoint, I'd argue that if anything, home ownership is WORSE for the general welfare becauses it discourages career mobility and encourages housing bubbles
    Career mobility isnt -necessarily- a good thing, and 'housng bubble' is just the most recent boogeyman. The "housing bubble' wasnt created because of the mortgage interst deduction, bu tby low mortgage rates.
    Last edited by Goobieman; 10-25-10 at 09:55 PM.

  10. #70
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    While I can certainly see your point on the local level, the feds have no stake in this fight. The areas where urban decay is a problem can encourage ownership on their own if they agree that it will help solve that problem.

    From a federal standpoint, I'd argue that if anything, home ownership is WORSE for the general welfare becauses it discourages career mobility and encourages housing bubbles. But I'd be happy if the feds were merely agnostic between owning and renting.
    The Feds have no stake in the fight of home mortgage interest deductions? The Feds are the very jakes who caused the housing bubble by both Clinton's and W's insistence that owning a home was almost akin to an inalienable right.

    At any rate, it ain't happenin'. Talk about a quadruple whammy to the housing market. Our economy wouldn't recover for decades.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

Page 7 of 9 FirstFirst ... 56789 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •