As I've said, there's no greed like government greed, and leftwingers never met a tax they didn't like.
In the current crisis I've heard a number of times leftwingers suggesting wiping out the mortgage interest deduction. This is stupid in a number of ways. First, many people bought homes based on their being able to afford them only with the deduction. This is changing the rules in the middle of the game. Especially in the current bad times, that will drive many people into foreclosure, depressing the housing market, the proximate cause of the recession, even lower. Secondly it will put the purchase of a home out of reach of many people, having a further negative effect. I've given up on leftwingers ever grasping that raising taxes in a recession is about the stupidest thing you can do - but targeting homeowners is beyond stupid. The housing market has long been recognized as fundamental to the overall economy's well-being. In an ultimate irony, the recession brought on by the leftwing Community Reinvestment Act has not only made probably almost all the people it was supposed to help homeless, but now will do the same thing to the homeowners who were doing fine before leftwingers started meddling in the housing market. One never ceases to be amazed at the profound damage done by the left with their stupid, crude government policies.
In the current crisis I've heard a number of times leftwingers suggesting wiping out the mortgage interest deduction. This is stupid in a number of ways. First, many people bought homes based on their being able to afford them only with the deduction. This is changing the rules in the middle of the game. Especially in the current bad times, that will drive many people into foreclosure, depressing the housing market, the proximate cause of the recession, even lower. Secondly it will put the purchase of a home out of reach of many people, having a further negative effect. I've given up on leftwingers ever grasping that raising taxes in a recession is about the stupidest thing you can do - but targeting homeowners is beyond stupid. The housing market has long been recognized as fundamental to the overall economy's well-being. In an ultimate irony, the recession brought on by the leftwing Community Reinvestment Act has not only made probably almost all the people it was supposed to help homeless, but now will do the same thing to the homeowners who were doing fine before leftwingers started meddling in the housing market. One never ceases to be amazed at the profound damage done by the left with their stupid, crude government policies.