
Why We're Not Liberals
The Commentary Magazine Podcast
00:00
The War Against American Liberalism
Mortgage interest tax deduction is the single largest subsidy aside from the entitlements in our entire financial system. We already incentivize people by saying that the interest that you pay is tax deductible on your property. Now you are encouraging people, probably with lower incomes and with lesser credit to borrow money. It is morally depraved in some sense to try to sort of like hypnotize such people into taking on financial long term financial obligations because you think it's better for them.
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