13 ms·
Really? I read complaints about the mortgage interest deduction all the time. I mean, subsidizing home ownership isn't exactly an obviously worthy goal in and o
by tikhonj 11y ago
Really? I read complaints about the mortgage interest deduction all the time. I mean, subsidizing home ownership isn't exactly an obviously worthy goal in and of itself and it creates weird incentives.
The difference in popular discourse is threefold: the mortgage interest deduction is less of a blue/red team tribal marker; it isn't as morally charged an issue (the arguments against it are more economic in nature than moralistic); a disproportionate number of the people who would be complaining about it are homeowners themselves and therefore heavily incentivized to keep it around, regardless of its economic effect.
- a3n 11y agoMy statement was exaggerated. Of course people object to it. I do. But relatively speaking, if you got rid of it there'd be all but revolution. I actually prefer zero deductions for anything, for all people and entities. Here's the rate: pay it. If you're below the line we draw, you don't have to pay.