- Is it good public policy to have your entire electorate pay taxes? If so, why? If not, why not? I'm trying to figure out how it is healthy to have 35-40% of the electorate outside of the income tax system.
- Why is home-ownership favored so heavily over renting? Is there something intrinsically better about owning? Or is it that the type of people who traditionally buy houses are "better" for a community? And that leads to the question...why should the government incentivize any sort of living arrangement, renting or ownership?
- Let's assume that cheap-and-easy credit made the run-up in housing prices possible, at least in part. And, this run-up in value has been bad in the long run, because it turns out to be kind of bubbly. (Okay, really bubbly.) Now consider the price of a university education, where price increases have been running roughly double inflation. Is cheap credit to blame for the price inflation there? Does the availability of credit diminish the price sensitivity to any particular asset, because it defers the pain? And does it also diminish the relative value of a college degree? I'm thinking yes, but I want to know what other people think.
I'm serious about these questions. If you don't normally comment, I wish you would here. I'd really like to start a dialogue about these things. Thanks!
UPDATE: Instalanche! My first. Welcome, take a look around, and thanks for the comments!