You want to balance the budget? Its simple (wages, cost, dollars)

[gwynedd1]

Everybody knows that banks drove up the costs of housing fictitiously. People who saw housing going up in price thought they had to buy as soon as possible. All this was converted into 7 trillion dollars in mortgage debt since 2000 which the banks print on demand. Some of it was even driven up in price by fraudulent monopoly money. Did we get another North America out of it?

Just dump these parasites and take over the mortgages of the nation and convert them to property taxes which undoubtedly can be lowered to represent a reasonable labor to housing cost ratio. Then we can completely alter the tax structure of the country(hint :lower taxes on real capital and wages). High taxes in real estate gains will take the air out of this trillion dollar swindle.


This is hard ball. We need to make this happen.

[legalsea]

Originally Posted by gwynedd1

Everybody knows that banks drove up the costs of housing fictitiously. People who saw housing going up in price thought they had to buy as soon as possible. All this was converted into 7 trillion dollars in mortgage debt since 2000 which the banks print on demand. Some of it was even driven up in price by fraudulent monopoly money. Did we get another North America out of it?

Just dump these parasites and take over the mortgages of the nation and convert them to property taxes which undoubtedly can be lowered to represent a reasonable labor to housing cost ratio. Then we can completely alter the tax structure of the country(hint :lower taxes on real capital and wages). High taxes in real estate gains will take the air out of this trillion dollar swindle.


This is hard ball. We need to make this happen.

Hey, man, I remember when I had MY first drink!

[sanrene]

Everybody knows that banks drove up the costs of housing fictitiously. People who saw housing going up in price thought they had to buy as soon as possible.

The premise is nonsense.

What "costs" are you talking about? The value of the home? That had nothing whatsoever to do with banks.

[Smoke_Jaguar4]

What the OP is saying (I think...) is tax the inflated mortgage debt the banks are holding. Just to twist the knife, I'd make the tax equal to the tax break the homeowner receives on the interest paid...