Monday, May 17, 2010

The Mortgage Interest Deduction Trap

Every time I see news on Facebook/Twitter that my friends are experiencing complications from home ownership, I'm glad to be renting. What sucks about that though is that our tax code is rigged to push people into having a mortgage so that you can deduct from your taxes.  And if you think about it, this is completely unfair.

Why must renters subsidize individual home owners?  Yes, I said "subsidize".  Renters pay more taxes than Homeowners, which means we are paying for more government services than homeowners but getting NOTHING in return for that extra money.  Why?

What is the moral justification of such injustice?  What facts of reality make it right, proper, and good?  You may hear answers like "homeowners make better citizens" or some crap like that.  And if you buy into it, you are also accepting the full package of, "government is permitted to initiate force to compel you to be whatever kind of citizen they want, thus government is fit to determine behavior of any of its citizens, thus government may legislate morality (right and wrong, good and evil on an individual basis)".

And *poof*, there goes individual freedom.  This is America, godammit!  Your life is supposed to belong to you.  You aren't supposed to be born into unchosen commitments here.  You don't have to be your brothers keeper here.  That's the whole damn point.

Without the freedom to choose your commitments, there is no freedom.  Without the right to use your resources to act on your thoughts and speech, freedom is meaningless.  If the government can seize some or all of what you have earned by your productive work, then it's not your property and there is no such thing as property - only what the government gives you as a gift in exchange for your life and obedience.  Without the right to property, you can have no other rights at all.

Injustice like this needs to be stopped but before that, it needs to be recognized for what it is:  Government force against those whom have done no wrong, and thus, improper and immoral government action.

Want to learn about a moral government system?
Man's Rights by Ayn Rand