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[–] 1 point 1 week ago (1 child)

Taxing the use of collateral in loans would hit anyone with a HELOC. Like I said, it's more complicated than proponents like to admit.

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  • [–] 1 point 1 week ago

    As I've mentioned elsewhere that I talked about this, allowing for exceptions specific to improving the asset (home renovations, etc) and certain similar "pro-social" uses would be possible. Would require some basic audit to show what the money is used for (and set caps so you don't get billionaires "renovating yachts" via a friend's company)

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