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Democracy Vouchers - A Great Way to Grow and Scale Things
Allan, i want to talk about the contradiction at the heart of housing policyy. We don't really have a housing policy in the united states. If you look at how much federal money goes into real estate oriented policies, it dwarfs what we spend on housing. The more that your home appreciates, the more you get tax free capital gains? Capital gains are up right now; they should be taxed as income. And these policies are structured so that everyone can treat homes as an investment vehicle - even if there's not enough space for all those people who would like to buy them.