[E. Pluribus Unum]

I have long wondered why the US taxpayer has to subsidize the person with a million dollar mortgage.

Maybe because interest INCOME is taxed?

The single most important thing we could do to reduce the deficit and national debt is to encourage people to save. Taxing interest and capital gainst discourages savings, big time. That's why the average economic idiot like you has $7,000 in credit card debt at 21% per annum. Stupid is as stupid does.

Plus, the person with the million dollar mortgage employed a lot of people in building the house that mortgage is attached to. When Congress passed a "luxury tax" on yachts, rich people quit buying yachts and thousands of blue collar workers in the yacht building industry became unemployed.

But go on hating rich people because they have more than you. Act like Karl Marx told you to. Go ahead and destroy the goose that laid the golden egg,

[son of caesar]

good post. i find it amazing that so many conservatives will play the class warfare thing. people are just dying to kill the golden goose, not to just kill it, but to murder it with extreme prejudice. when they get what they want, then the shrill cries will be heard constantly.

[Alberta's Child]

Finnsheep is right. There is absolutely no reason why the U.S. taxpayer should be subsidizing homeowners and the real estate industry.

This idea that mortgage interest should be tax-deductible because interest income is taxed is quite silly, since it only reinforces the notion that the mortgage interest deduction is nothing more than a government subsidy. It is inherently unfair to provide a homeowner with an interest deduction that is not available to someone who pays other forms of interest on loans (auto loans, student loans, etc.).