Friday, June 11, 2010

A tough time coming for sacred cows...?

Story here. If enacted, the removal of the mortgage interest
deduction will have a negative impact on housing values.

Rather than just defending their sacred cow to the death,
wouldn't it be refreshing if the Realtor leadership said, "Ok,
let's talk about what is best and important for our country.
Let's put ALL of the sacred cows on the table. Let's make
some real structural changes to the tax code. Rather than
using the Code to reward some, punish others, and generally
manipulate social policy (all while making the Code mostly
incomprehensible), how about we simplify things. Everybody
pays something, no deductions, four or five rates, simple and
easy.

Call me simple minded if you will, but a man can dream,
can't he?

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