Loading ...I read years ago that to borrow money to buy a house at the turn of the century, 1900s it was frowned upon. The Banker would look over his bi-spectacles at the borrower and scrutinize him.
Bottom line, it was 50% down and a 5 year loan. Naturally over time the PTB kept dropping, or lowering the down payment to 20% down and then to 0% down, and eventually they gave 105% loans with 30 years, to pay prices got too high and the entire “prosperity game” ended with the crash of 2008.
There is no way left anymore to bring future prosperity up front and center, ahead of its natural time. UNLESS! Two scenarios to keep this fake man made artificial economy going.
#1 EVERYONE THAT IS PAID LESS THAN $150,000 gets tax exempt, Or gets a pay raise of 50% to make a taxable $225,000.
#2 A MASSIVE DEFLATION IN THE COST OF LIVING, and typical wages remain stable where they are now. So its a raise either way for tax PAYERS. Tax absorber occupations should be tax exempt. Just pay them the typical take home pay.
No sense paying them more, so they can afford the income tax, and then they kick back some of the tax money they got. They are “tax neutral” paying taxes to themselves. They should not be credited as tax PAYERS.