Wednesday, December 20, 2006
ANOTHER VICTORY FOR THE RIGHTEOUS
HEADLINE: Report Reveals 2.2 Million Borrowers Face Foreclosure on Home Loans...
This headline represents another blow against class warfare. I have heard Rush Limbaugh and Dick Cheney say that criticism of the wealthy represents 'class envy.' The theory is that those who are poor (i.e., those who are "failures") criticize those who by their hard work and -- just as often -- their inheritance, have succeeded. This is said by Rush and Dick (and others) to be a form of class warfare, the poor attacking the wealthy.
Well, now the poor have lost another battle in the class war. Now they can envy the rich for another reason: the rich have places to live.
By the way, who will get those houses being foreclosed?
Help me out here. I am a terrible economist but some of my friends are much better.
-Bud
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1 comment:
That's easy, Chip.
The rich will buy them and and then arrange for the neighboorhood to be rezoned commercial and then put in strip malls and gas stations.
-Marty
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