Monday, May 21, 2012

Policy and Economy: The U.S. Government's Anti-Renter Policies

Policy and Economy: The U.S. Government's Anti-Renter Policies

Well, I don't believe that free enterprise is the solution to all the worlds problems [see blog poster's short bio]. Without someone setting the rules, we have more chicken processing plant fires, with locked doors keeping the workers trapped. In fact, I think we need to de-politicise the watchdogs and give them more teeth, so that the mine owners who subvert safety equipment, the manufacturer who allows bad things to be sold because it would be too expensive to fix the problem, go to jail. And lose all their ill-gotten wealth. But I digress.
The mortgage interest deduction is wrong. It favors one group of citizens [those who can afford to buy a house and who have enough income to make it worthwhile to itemize deductions] over another. And it allows such travesties as the boat owners who are able to deduct interest paid on their toy, because it has a toilet and stove in it, thus counting as a 'home'. I had someone call in, looking for a copy of his boat sales order, because he wanted to prove to the government that the home interest he had been deducting wasn't really for a home, because he now wanted to claim the incredibly generous rebates the government was passing out for first time home buyers. [Another really curious gift from the government to only one group of citizens.]

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