General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCNNFN: Shrink Wealth Gap by Getting Poor People to Buy Homes
I shit you not:
http://money.cnn.com/2014/08/27/news/economy/homeownership-wealth/index.html?iid=Lead
To shrink the wealth gap, pay people more money. Period. Stop playing finance games with housing.
eShirl
(18,494 posts)MohRokTah
(15,429 posts)What is with these assholes? Either it lead to the meltdown, in which case this idea sucks, or it didn't, in which case why haven't we been doing this already?
phantom power
(25,966 posts)Autumn
(45,109 posts)We want to shrink the Wealth Gap? Pay people more money, not banks.
underpants
(182,837 posts)Ask people whose houses went underwater
Doctor_J
(36,392 posts)And then they blamed it on Jimmy Carter.
You are right. The best way to reduce the wealth gap is to pay people more and help low wage workers get into high wage jobs.
HughBeaumont
(24,461 posts). . . how to pull this off without that pesky "paying people more" requirement.
In the mid to late 2000$, we called these NINÀ and NINJA. Small wonder why those went bye bye . . . .
KurtNYC
(14,549 posts)On the other hand, banks create money out of nothing. They lend money they didn't have in the first place...
Here a crazy idea that is slightly less crazy than CNNFN's: make poor people into banks
davidn3600
(6,342 posts)If you don't pay taxes, the government can take possession of it and sell it.
So you never really have total ownership anyway, do you?
KurtNYC
(14,549 posts)AngryAmish
(25,704 posts)Stypid, stupod, stup id