Of course I need to reiterate that I do believe that taxation is an appropriate cost of doing business. The distinction in this case is that Obama is moving forward with "transference of wealth" taxes in the vain of "bread and circuses" for political gain. This is abundantly illustrated with Obama's proposed initiative concerning foreclosure assistance. Both the Washington Post and the New York Times had a flurry of articles on this. I've provided one link to: "Foreclosure fund gets $600 million to help residents of 5 more states save homes"
As a quick summary of the comments submitted to the New York Times and the Washington Post by the readers, the readers question both the equity of this program (helps some to the exclusion of others) and the use of tax dollars to subsidize irresponsible behavior.
What about those who bought houses that they could not afford?The list is endless. As illustrated by the cartoon above the Obama administration will be using tax dollars to reward irresponsible behavior. To conclude, LRT wrote: "Why reward those who made mistakes? That only encourages more of that kind of behavior. How about the rest of us who are barely hanging on? We get nothing while the deadbeats get a free ride."
What about those who fraudulently obtained home loans?
What about those who lost money in the stock market?
What about those are current with their mortgage payment but are underwater?
What about renters?
What about letting the market set the price of the house?
What about those who took-out home loans to buy "toys"?
What about tax starved public infrastructure (roads, sewer, schools)?
Spoll wrote: "If I stop paying my mortgage, will I qualify?"