It helps everyone that has a steady income can afford the mortgage. Since we have a progressive (Feel the Bern ;)) tax system, higher income people can shelter more. So in that sense it does help the rich more so than the not so rich.
PS: Whatever happened to Hillary on this thread? Is she still going to make a comeback? :) |
My house was about 2/3rds what the bank approved me for. The mortgage deduction got me something for the first 5 or 6 years, but I was paying extra against the prinicipal and quickly got to the point of no benefit.
If it didn't exist, maybe people wouldn't be as inclined to get into debt over their heads. |
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Carl |
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OTOH, with today's public gravitating toward the unelectable (in a general election) fringes of both parties, the parties want to have a method to field somebody other than a loony (e.g., Trump, Sanders). The trouble with the Democratic side is that the choice is between a loony and someone perpetually drowning in the scandal(s) du jour. On the GOP side, everybody but Kasich is compromised in some fashion, but Kasich isn't crazy enough to get the nomination. |
Sanders plays by the rules and is getting screwed, T-rump even sign the dumbass GOP pledge/contract and the powers that be are trying to screw him. What a country! :rolleyes:
Carl |
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Carl |
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I say, cease and desist putting down my hero. ;) |
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I think the only non-compromised pragmatist without a load of baggage is probably Kasich, though he has some views on social issues that I don't agree with. His ability to do anything meaningfully bad on abortion or gay rights are constrained by SCOTUS precedent, so I can live with it. |
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