Simple Solution: Tax the associated financial companies

Reader comment on: Chicago Explores Eminent Domain Mortgage Seizure

Submitted by Lyle (United States), Jul 26, 2012 21:51

In these schemes there is a financial company that hopes at least to make a large commission, as well as in many case a large profit. A 100% tax on these items to the financial companies would kill it immediately. Call it a Pigovian tax if you like. (If you want less of something tax it, so if you want less of the mortgage stuff tax the folks that make money off it) Note that unless the exemption for loan forgiveness on underwater mortgages is extended the folks owning the home get to pay income tax on the forgiven balances as well.


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Title By Date
market prices = pennies on the dollars. Why should America's municipalities have to pretend otherwise? [89 words]Tom BrownJul 27, 2012 19:05
Un-Fair Market Value [109 words]Angela StonebrakerJul 28, 2012 17:18
In the best interest of the public [123 words]Angela StonebrakerJul 29, 2012 11:58
"Below-Market Prices" ... what a load of bull! [275 words]Tom BrownJul 27, 2012 18:58
The finacial compaines are trying to do it again. [71 words]LyleJul 27, 2012 08:51
⇒ Simple Solution: Tax the associated financial companies [102 words]LyleJul 26, 2012 21:51

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