Refinance rules change for some underwater mortgages

[samclem]

Quote:

Originally Posted by GregLee If it's expedient to take it away from them, then let's take it.

I wish that everyone who believes as you do would speak as you do. It would make things much easier.

[GregLee]

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Originally Posted by samclem I wish that everyone who believes as you do would speak as you do. It would make things much easier.

Shall we take that as meaning that what you said about the rich justifying their wealth by their entrepreneurial activities was just a convenient rationalization that you don't really care about? It's a story you use to pacify your liberal friends.

[Bestwifeever]

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Originally Posted by Nords I'm always confused by posters who (1) admit this and (2) still feel qualified to chip in. I can understand it for threads like "What did you do today?" or "Tell us about your ___" or polls. But I'm not certain how a contribution in the absence of reading keeps the thread from becoming a reciprocated diatribe-- or just a roomful of people all talking at once.

I read the whole thread.

And I absolutely adore the term "reciprocated diatribe"

[clifp]

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Originally Posted by GregLee I'm a pragmatist... If it's expedient to take it away from them, then let's take it.

I agree the honest is refreshing. I am pragmatist also, the problems with this scheme are two fold. First, those filthy rich billionaires just don't have enough money (I calculated it once AFIAK taking all their money pays for this years deficit) The other problem is they are constantly out of the country, so we need to make sure they'd all be at home, before we revoke their passports and take their money.

[GregLee]

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Originally Posted by clifp I agree the honest is refreshing. I am pragmatist also, the problems with this scheme are two fold. First, those filthy rich billionaires just don't have enough money (I calculated it once AFIAK taking all their money pays for this years deficit) The other problem is they are constantly out of the country, so we need to make sure they'd all be at home, before we revoke their passports and take their money.

So, you argue that it's not expedient. I don't know, maybe you're just being sardonic. But in case not, I want to assure you that I understand that argument. If a program of taxing the rich won't actually work, for whatever reason, then no right thinking person (even if liberal) should support it. I recall from the distant past that some argued Switzerland's extremely progressive tax policy would simply drive all the big money out of the country and so would turn out to be self-destructive. But here we are, many years later, in a world where Switzerland still exists. How could that happen?

[REWahoo]

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Originally Posted by GregLee I recall from the distant past that some argued Switzerland's extremely progressive tax policy would simply drive all the big money out of the country and so would turn out to be self-destructive. But here we are, many years later, in a world where Switzerland still exists. How could that happen?

Perhaps it is related to the Swiss being more grammatically correct than those of us who reside in the US?

[GregLee]

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Originally Posted by REWahoo Perhaps it is related to the Swiss being more grammatically correct than those of us who reside in the US?

This should go in the Grammar and Logic thread.

[REWahoo]

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Originally Posted by GregLee This should go in the Grammar and Logic thread.

Why? It isn't a grammatical statement, it's my theory of why the Swiss can stomach high tax rates.

[Texas Proud]

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Originally Posted by GregLee I've heard of that theory, and, if it's actually true, I'm fine with it. That is, if keeping much wealth in the hands of the rich actually does increase general prosperity, I'm for it. But if it should turn out that taking a large amount from the rich is best for all of us, then I'll be for that. I'm a pragmatist. It seems to me, though, that a very prominent strain in conservative thought is that the rich have a natural right to keep what they have. This is what I can find no sympathy with. If it's expedient to take it away from them, then let's take it.

WOW.... just wow....

[Nords]

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Originally Posted by Bestwifeever I read the whole thread. And I absolutely adore the term "reciprocated diatribe"

One of the burdens of being a moderator is that you have to read the whole thread!

Credit goes to David Snowball, a professor of communications, for coining that phrase on FundAlarm a number of years ago. When FundAlarm shut down he continued the tradition by moving over to Mutual Fund Observer .