Wow. You are presumptuous tool, ill informed on economics and a savant to boot.
By your post I infer you have been learning from Mark Levin but, wildly grasp at concepts and having the bare sentience of a newborn.
Go back, read your post and see if this is something you want to show others when you get the 4th grade.
Yes, them that don’t pay taxes have very little vested interest in the outcomes of taxation policy, as they write no checks that would inform them on that regard.
The renters already turn to Fed for its patronage.
We need to reverse that mentality and it can be done through similar programs under Reagan and again under the Contract with America.
Just gotta find those leaders who have the ability to identify what is best for this nation at this time and have the where with all to marshal them to implementation.
I don’t think a bunch of Chinese coming over here and plunking down $1.5-$3 million is so terrible.
How many people can afford those homes? Not many.
And you are just plain wrong about foreign ownership kicking so many people out of the opportunity pool for home ownership.
They have to pay the same taxes as everyone else and in the Bay Area that would amount around 1.25% on a new purchase and is due each year and may also increase due to voter initiatives and re-assement of the value of the property.
On just a $1.5 million dollar home the average tax bill would be $18,750.
Guarantee you there very few people, except 10%’ers, who can afford that tax much less the upkeep on a home that costs that much.
10%’ers also don’t mow their own lawns, do the windows, trim the trees, etc and that’s before we talk about inside the house.
We also don’t do plumbing, electrical, hook up tv’s/sound systems, paint, clean and a whole bunch of other stuff.
We pay people do that crap and their wages have an effect on the economy and provide them a means to live decently or gives them a path, if they are so inclined and motivated, to build a big business and live like the rest of the 10%’ers.
Now, the 50%’ers also pay people to do the same things. Maybe not as much of the things but, they do pay others to do things they don’t want to do.
The bottom 40%’ers can stay there or look to move themselves into the 50% or dreaming big, move to the top 10% and if they are insane, in need of private jet money, move to that 3% group.
Everyone has a shot in this country and the Chinese aren’t exactly invading.
I’m more concerned about a porous border.