View Poll Results: Want Your Hard Earned Tax Dollars Propping Up a Bum Who Won't Pay His Mortgage?

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Thread: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

  1. #21
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by RightinNYC View Post
    In principle, I don't think it really matters that much. There's a pretty good argument that it will benefit the economy more to deal with mortgages than with roadbuilding, questions of moral blame aside.

    It would benefit the economy even more if the people who can't uphold their end of the mortgage get their asses kicked out to the curb so someone who can afford the mortgage can move in and take over.

    Where did the holy reverence people hold these indigent bums in come from, anyway?

    The best thing for the economy is to get the non-paying people out of the mortgage properties they failed to buy, and let people who can buy them buy them at a bargain.

    The bums can go back to renting, the leftist goal of cheap housing will have been met, and the economy will finally bottom out and the people respsonsible for it will bear their share of the cost, while the people who weren't responsible for any of it won't be taxed pointlessly.

    Let the free market go free, and things wills start to get better. I'm begining to think you people seriously want Obama to set new unemployment records.

  2. #22
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by Scarecrow Akhbar View Post
    So, you think it's okay to shove a gun in someon's face and rob them, if they take only five dollars and tell them it's for a "good cause"?

    Strange, I don't think that way.
    No, my point is that I don't give much weight to populist screeds like the OP's article. The "average American" seems a lot more outraged by this than anyone else, despite the fact that the "average American" probably pays little to no taxes.

    Quote Originally Posted by Scarecrow Akhbar View Post
    It would benefit the economy even more if the people who can't uphold their end of the mortgage get their asses kicked out to the curb so someone who can afford the mortgage can move in and take over.
    Would it really? Do you think there are that many people looking to buy second and third and fourth homes? Further, how do you know that the eventual price it would be bought at isn't low enough that the first family could have stayed there otherwise? Seems to me like in that case, you could save the transaction costs and simply modify the mortgage, unless you're particularly concerned about what's "morally right."

    Where did the holy reverence people hold these indigent bums in come from, anyway?
    It's not "holy reverence," it's a practical understanding that when you kick millions of people out of their homes, it causes disruptions in the economy. You don't have to like them to understand that.

    Let the free market go free, and things wills start to get better. I'm begining to think you people seriously want Obama to set new unemployment records.
    Yea, you know me - Obama-fanatic all the way.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  3. #23
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by RightinNYC View Post
    The "average American" doesn't pay **** in taxes anyways, so why should the "average American" care?
    how about because it goes against my principles and beliefs of the role the govt is meant to play

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by RightinNYC View Post
    Would it really? Do you think there are that many people looking to buy second and third and fourth homes?
    Is your imagination really as limited as your question indicates?

    You can't imagine that there's a large core of Americans who are responsible with their money who recognized they couldn't afford a home so they didn't apply for a mortgage in the crazy inflated market of the recent past, and that they're not waiting for market prices to climb down from the stratosphere so they can pick up bargains....if the god damned stupid interfering government would get out of the friggin' way so the people who can't pay their mortgages can get kicked out to the curb where they belong?


    Quote Originally Posted by RightinNYC View Post
    Further, how do you know that the eventual price it would be bought at isn't low enough that the first family could have stayed there otherwise?
    Whatever...the "first family" are supposed to get their asses kicked out so the bank can resell the property...because they owe a current debt, they're not supposed to have the wherewithal to immediately jump back into the market to play games again. I would say that withholding assets to that extent constitutes fraud and they should be prosecuted.

    Whatever, if they do manage to have the funds to bid on the property at auction, let 'em.

    Quote Originally Posted by RightinNYC View Post
    Seems to me like in that case, you could save the transaction costs and simply modify the mortgage, unless you're particularly concerned about what's "morally right."
    Guess what? That's a matter for THE BANK...and the BORROWER. Not the government. If THE BANK wants to boot the delinquent BORROWER to the street, the government has absolutely no business interfering.

    If the BORROWER can't keep up the payments, it become THE BANK's choice to re-negotiate or re-possess, and ONLY the bank's choice.

    Quote Originally Posted by RightinNYC View Post
    It's not "holy reverence," it's a practical understanding that when you kick millions of people out of their homes, it causes disruptions in the economy. You don't have to like them to understand that.
    You mean the economy isn't disrupted when you steal money from millions of responsible people to keep other people, irresponsible people, in homes they can't afford, and thereby prevent responsible people from finding affordable housing for themselves.

    Welfare is an illness that destroys not only the minds and morals of those who recieve it, but the minds of the people that insist it should be given.

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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by RightinNYC View Post
    The "average American" doesn't pay **** in taxes anyways, so why should the "average American" care?
    Its called moral hazard.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    I think that what anti-socialisms call it socialism ..

  7. #27
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by RightinNYC View Post
    The "average American" seems a lot more outraged by this than anyone else, despite the fact that the "average American" probably pays little to no taxes.
    The "average American" thinks he's middle class and is only a promotion or two away from the top tax bracket. Might have to do with all of those tax-dodging multi-millionaires telling him this 24/7 every time there's an election coming up.

    I'm willing to bet that most Americans have no clue just how much money $250,000 a year is, just like they have no idea how little money $1,000,000 is.

  8. #28
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by Korimyr the Rat View Post
    The "average American" thinks he's middle class and is only a promotion or two away from the top tax bracket. Might have to do with all of those tax-dodging multi-millionaires telling him this 24/7 every time there's an election coming up.

    I'm willing to bet that most Americans have no clue just how much money $250,000 a year is, just like they have no idea how little money $1,000,000 is.
    Though in real dollars middle class income has risen to around $75,000 a year, which ain't bad if you ask me.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by Harry Guerrilla View Post
    Though in real dollars middle class income has risen to around $75,000 a year, which ain't bad if you ask me.
    More than three times the best year I ever had. Funny thing is, several of my friends think that $25,000 a year makes for middle class.

    I remember when I was on Social Security, going to college for my teacher's license, and the instructor and several of the students were complaining about how you just couldn't live on the twenty-eight thousand dollars a year a first-year teacher made.

    I was getting less than eight on my pension.

  10. #30
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    Re: Should The Government Steal Your Money to Pay Someone Else's Mortgage?

    Quote Originally Posted by Korimyr the Rat View Post
    More than three times the best year I ever had. Funny thing is, several of my friends think that $25,000 a year makes for middle class.

    I remember when I was on Social Security, going to college for my teacher's license, and the instructor and several of the students were complaining about how you just couldn't live on the twenty-eight thousand dollars a year a first-year teacher made.

    I was getting less than eight on my pension.
    I live on about 25k a year supporting a family of 4 and my parents get (not earn!) together over 50k a year partially from government handout and partially from retirement.

    They are in heavily in debt and keep consuming more and more.
    They spend more on groceries in one week than I do in a month, it's disgusting.

    In our current environment I'm not always opposed to government help because I see them causing most of the problems so it often leaves one with little choice, but in my parents case it is pure unadulterated laziness and sloth.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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