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and you know this as fact ? sorry but you try to speak for to many people .
Did you actually read the article in Post-1? Who would you take the target audience to have been when six of the first nine words in the piece are "owning your home instead of renting"?
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Originally Posted by mathjak107
in fact right now my son is one of them. he is an attorney ,his wife is a cpa and they are looking to buy their first home and they are an amt couple.
What do we know about the relavance of personal anecdotes?
Quote:
Originally Posted by mathjak107
if you want to split hairs on numbers of people already your statement is wrong.
Bruises too easily and heals too slowly. Resorts often to the ridiculous.
... The fact that virtually every actual economist is in theory opposed to the deduction has been getting wider and wider play of late...
Actual economists are also against Virtually all forms subsidies & sin taxes that distort the efficient allocation of capital, including farm subsidies, solar energy subsidies, big oil subsidies, health care subsidies, unemployment subsidies, welfare subsidies, etc.
Actual economists also know that the true economic value of home ownership lies not in the deduction for interest. It lies in the tax-free income in the amount of the fair-market rental rate. Let me know if I need to elaborate in this.
Actual economists are also against Virtually all forms subsidies & sin taxes that distort the efficient allocation of capital, including farm subsidies, solar energy subsidies, big oil subsidies, health care subsidies, unemployment subsidies, welfare subsidies, etc.
Actual economists also know that the true economic value of home ownership lies not in the deduction for interest. It lies in the tax-free income in the amount of the fair-market rental rate. Let me know if I need to elaborate in this.
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There is widespread disagreement amongst economists as many economist recognize that not all subsidies and sin taxes distort the efficient allocation of capital. For example, sin taxes are levied on items that typically have negative effects on society (ie: health effects of second hand smoking) but those negative effects are not reflected in the price of the product. The tax, however, does reflect that cost.
You can't be serious. You think just because they are high income earners they have a clue?
Just the opposite , they usually farm out most things to be done for them so on their own they are clueless.
FINANCIAL IGNORANCE HAS NO INCOME LIMITS
until I sold a few properties and got whacked by the amt the first time I was as foreign to it as the man in the moon. but it is just not the amt it is just a general public ignorance pertaining to anything financial and that applys especially to anything pertaining to their taxes .
This is very true. Every hear of the stories of formerly seven figure professional athletes or celebrities who become bankrupt?
Boy do you believe everything you say? Where did you learn to debate? Try loosing the hard entrenched positions of Yes I'm right and NO your wrong . Maybe try something like "My experience has been different" or even the childish "that's your opinion". Makes having a discussion for more enjoyable when you aren't constantly looking to pin everyone to the mat.
Boy do you believe everything you say? Where did you learn to debate? Try loosing the hard entrenched positions of Yes I'm right and NO your wrong . Maybe try something like "My experience has been different" or even the childish "that's your opinion". Makes having a discussion for more enjoyable when you aren't constantly looking to pin everyone to the mat.
There certainly are some areas where opinion or personal experience might be relevant. A statement that fewer than 50% of homeowners itemizes is not one of those. It is a declaration of fact that can be conclusively proven or disproven. In this case, it was conclusively disproven, and anyone still agreeing with the original claim would be just as wrong in the matter as the poster who first and so erroneously proposed it. Sorry if the rules make things a litttle tough for you.
There is widespread disagreement amongst economists as many economist recognize that not all subsidies and sin taxes distort the efficient allocation of capital.
Part of the "much" that was wrong in the earlier post by Mr. Big Stuff or whomever. There is actually widespread agreement among economists that markets are amoral mechanisms, that they are perfectly capable of settling into long-term equilibria that include human and social equity costs and conditions that are intolerable to any decent society, and that actions to alter or limit simple market outcomes are appropriate in such circumstances. Where disagreement tends to creep in is over the matter of how such intervention might best be carried out, one school typically proposing things that don't work at all, and the other typically proposing things that do. The latter school is a huge majority, but in an age of mass disinformation, that doesn't always matter.
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Originally Posted by Just_the_facts
For example, sin taxes are levied on items that typically have negative effects on society (ie: health effects of second hand smoking) but those negative effects are not reflected in the price of the product. The tax, however, does reflect that cost.
One should perhaps add to this the fact that producers driven by naked capitalism to an obsession with profits above all else are forever trying to externalize costs of every sort, keeping them off their own balance sheets and out of their own markets, dumping them all off on society instead. Society has a right to act in self-defense.
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