[OT] Re: Mortgage

Andrew Jorgensen andrew.jorgensen at gmail.com
Mon Sep 19 21:26:57 MDT 2005


On 9/19/05, Michael Halcrow <mike at halcrow.us> wrote:
> On Mon, Sep 19, 2005 at 03:21:38PM -0600, Sasha Pachev wrote:
> > >This works fine, until the Prime Rate goes up. And then you are
> > >screwed with a capital 'S'.
> >
> > I find it much more productive to fight the battle for financial
> > security in the field of financial dispipline rather than in the
> > field of income.  You pay an income tax in proportion to how much
> > you make. Thus, for every gain there is a certain immediate
> > loss. Two steps forward, one step back.  However, there is no tax on
> > financial discipline.
>
> I am horrified by this. I can think of few better ways to stagnate an
> economy than to encourage this mentality. ``You are punished for
> producing, so stop worrying so much about producing, and reduce your
> demand for other peoples' production!'' Brilliant. Absolutely
> brilliant. I'd love to see where that will get us before too long.

Ugh, that's dumb.  When did economists become altruists?



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