Quote:
Originally posted by Mmmm, Burger (C.J.)
you're also ignoring the principle of taxing consumption rather than income.
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No, I'm not ignoring it. I think that income should be taxed. I'm OK with sales (consumption) taxes, but I don't in any way think they should replace income taxes.
Phasing out the mortgage deduction works for me. It will depress (or, in some areas, just slow the growth of) home prices, which will hurt mortgage lenders (smaller mortgages) and realtors (smaller commissions) and will fuck up places that depend heavily on property taxes for income (Texas). C'est la vie.
