5min chapter

Capitalisn't cover image

Why America's Poor Remain Poor, With Matthew Desmond

Capitalisn't

CHAPTER

The Tax System Subsidizes Ownership

In a lot of markets, it's much cheaper to own your home than to rent. The idea that homeownership for poor people was responsible for the financial crisis in 2008 is just one of the worst trope that's been put out there because it's completely wrong. One not unbiased review claims that less than 10% of poor working age adults actually work full-time year-round.

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