3min chapter

After Words cover image

Matthew Desmond, "Poverty, By America"

After Words

CHAPTER

The Success Sequence: A Formula That Works for Everyone

In 2020, we as a country spend $193 billion on homeowner tax subsidies. Most of that money went to families with six figure incomes. That same year we spent only $53 billion on direct housing assistance to the needy. Everyone was a mortgage can take the mortgage interest reduction. We have a universal housing program. It's an entitlement. It's just not for poor people. It's not for people like Crystal.

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