Quote:
Originally posted by sebastian_dangerfield
I agree it should not fiddle with the markets, but if it must fiddle, the interest deduction is damn sensible fiddling. If there's one thing the past decade has shown us its that Americans don't know how to invest. At least real estate is a (in comparison to others) low volatility market. The last thing we need is people out there betting their savings on what they read in Derivatives for Dummies.
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I'm not sure that I would say
Home ownership is really "investment."
If you need to tap your savings,
It's hard to sell and live in Ma's basement.
It's not that I think home ownership
I just another form of spending:
But it's not stocks, bonds or deposits,
And is worryingly mired in lending.
If you want a better target
For income tax deduction,
I'd deduct tuition, to broadly
Stimulate economic production.
ed to improve meter
