Is the government really considering giving tax breaks to robber barons who purchase

[Schwahalala]

Foreclosed properties.

Isn't that robbing the poor to give to the rich.

[madyaks]

Under Bush do you expect any less?

[Airshark]

You guys crack me up. Seriously.

I don't know what is sillier, calling people who buy foreclosed properties "robber barons", or blaming that on Bush.

[Iowa_Card]

What? You don't like stimulating the economy?

[kah]

Time someone blamed something on Bush: 3:25 Pacific
Time Airshark swept in to insist that anything economic couldn't possibly be Bush's fault: 3:27

[Airshark]

Time someone blamed something on Bush: 3:25 Pacific
Time Airshark swept in to insist that anything economic couldn't possibly be Bush's fault: 3:27

Where did I say that, Kah?

[jusse]

foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!

[Bleacher Creature]

foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!

+++

Although I hope they're not turned into Section VIII housing. For if they are, the result will be the same.

[marco]

No. I wouldn't refer to buying a vacant home as robbing the poor.

[raise]

foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!

True, but the government shouldn't be bailing out the speculators.

Also, I think Schwa may be confusing property purchasers. Those who buy foreclosed homes are not the same as the property tax purchasers.

[Airshark]

People who buy foreclosed homes are HOME BUYERS. The government uses the tax code to encourage HOME BUYING. Absolutely nothing wrong with that - at least as long as it's OK with you that the government uses the tax code as any kind of instrument of social control at all. I can sympathize with those who think that ALL "tax breaks" are inherently wrong.

[raise]

People who buy foreclosed homes in which they will reside are HOME BUYERS. The government uses the tax code to encourage HOME BUYING. Absolutely nothing wrong with that - at least as long as it's OK with you that the government uses the tax code as any kind of instrument of social control at all. I can sympathize with those who think that ALL "tax breaks" are inherently wrong.

Fixed.

Others are investors, not that there is anything wrong with that. What I don't get are the government bailouts of some investors, but not others.

[dredbyrd]

I can sympathize with those who think that ALL "tax breaks" are inherently wrong.

That's obviously not one you're too strict aboot if you've been voting Republican all these years.

[Schwahalala]

Okay - maybe I got the premise wrong.

Is the tax break going to people who occupy the homes?

[Airshark]

That's obviously not one you're too strict aboot if you've been voting Republican all these years.

I claim you don't understand what some of the current tax breaks are really about and where the money comes from and goes to if you can make that statement.

I'd personally be fine with no deductions at all and lower rates. That would, of course, be a super-boon to the rich, so it's not going to happen. And of course, the gubmint loses its #1 instrument of social control.