Today's liberal sneer comes from Doyle McManus for, you guessed it, The LA Times, here:
But don't take it from me. Take it from the economists at the Mercatus Center, a mostly conservative think tank at Virginia's George Mason University. ... "Recent empirical research suggests that the mortgage interest deduction increases the size of homes purchased but not the overall rate of homeownership," they wrote. ... You can be sure that home builders and Realtors, whose businesses thrive on big houses and high prices, will push back hard against any proposal for change. ... The mortgage interest deduction subsidizes big houses and bigger mortgages, but that's not a good use of tax dollars. Its benefits flow disproportionately to the wealthy and do nothing for the working poor.
In other words, God forbid that modestly incomed people with big families should live in the same comfortable digs as the elites. No, the only thing suitable for them is something small and cramped in keeping with their station in life. The "Realtors" is a nice touch, with a capital "R", the evil purveyors of this excess and offense against the crabbed liberal view of life. We have met the enemy, and he works for Remax. Puritanism still lives, my friends, in the indignant hearts of the America's liberals.
George Mason University, for its part, is a libertarian bastion, not a conservative one, and being socially liberal, libertarians are ever helpful to one side and one side only: liberalism. Make no mistake about it, the societal decision long ago to subsidize home ownership is a by-product of the conservative consensus of yesterday. That consensus recognized that the basic social unit was the family, defined as a husband, wife and children, the incubator for the transmission of the values of our civilization, and that shaping tax policy to support it materially was not only in the best interests of the present, but of the future.
The people who attack that now are either dimwits, or enemies.
The people who attack that now are either dimwits, or enemies.