g5000
Diamond Member
- Nov 26, 2011
- 125,230
- 68,949
The MID is paid for by higher tax rates and higher house prices.
Who benefits from higher house prices?
Bankers who lend the money, real estate agents, and home builders.
And that is how the MID is a massive transfer of wealth from the common man up the food chain. That money you think you are keeping in your pocket is zeroed out by higher tax rates and higher home prices, all to make rich people richer.
Reagan was right to try to eliminate it.
Who benefits from higher house prices?
Bankers who lend the money, real estate agents, and home builders.
And that is how the MID is a massive transfer of wealth from the common man up the food chain. That money you think you are keeping in your pocket is zeroed out by higher tax rates and higher home prices, all to make rich people richer.
Reagan was right to try to eliminate it.