"Itâ€™s not just a failure of housing policy. It's a symbol of everything thatâ€™s wrong with the American tax code."
"Federal housing policy transfers lots of money to rich homeowners, a bit less to middle-class homeowners, and practically nothing to poor renters."
"Meanwhile, in 2015, the federal government spent $71 billion on the MID"
"But the MID isnâ€™t just a symbol of housing policy falling prey to plutocracy. Itâ€™s a broader moral indictment of the tax code."
"Since tax benefits are most useful for people with taxable income" Yeah, well, duh.
"a 15-story public housing tower and a mortgaged suburban home are both government-subsidized"
Who thinks that the MID is a government subsidy? That the government is paying (already wealthy) people to buy bigger houses?