J.Johnson replies:Reader comment on: Krugman on the Deficit Commission Submitted by J.Johnson (United States), Nov 12, 2010 14:19 Respone to Future of Capitalism reply: You say that the "difference between a business expense and borrowing to finance a home" is that "one is a business expense, the other is consumption." Ahhhh, what a way you have with words. I presume it was not Mr. Stoll himself who spun that bit of vacuous nonsense. Perhaps it will help if you think of it this way: Consumption, as you put it, to purchase a home is usually a more socially useful and ethically supportable endeavor than bestowing tax-deductable private jet transport and door-to-door limo service on a highly paid executive when, as Warren Buffett is apparently learning in re his bodyguard service, those perks should be counted as compensation and the executive's income taxed accordingly. Note: Comments are moderated by the editor and are subject to editing. Other reader comments on this item
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