Quote:
Originally posted by Sidd Finch
Any deduction necessarily imposes greater costs on those who don't get the deduction -- either you make up the lost revenue from them, or you make it up by borrowing and they bear at least some of that burden.*
So, the mortgage interest deduction shifts costs. Generally onto poorer people. And we do this because we want to favor the "common good" of home ownership, and the group of homeowners. And all of them individually, too.
*And no, you can't say "just make it up through not spending it" because unless all taxes are zero, any deduction means the government is getting funding from some other source.
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If there was no deduction the government would take some more money from me. Maybe they'd pay for a school or a bomb or food stamps. SS is taking money from one to give another. I'm in favor of SS Sidd, but it is a step towards equalizing. I'm done-
PS: Safety nets equalize- you're a hippy- you haven't read
Harrison Bergeron?
