Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Did not read the article
I assume it is hyperbolic and jumps on current interest rates
But it is sobering

This -- this lack of reach - IMO (yes as a liberal) is 100% directly correlated (and the result of) the growing income gap for 30 years
It is not D or R or any recent POTUS
To save Capitalism and Democracy - not an exaggeration IMO - something must be done
As I do not like intervening in the S and D of a marketplace (other than for major externalities !!) ---
To me the answer is LARGE tax increases on the top 5% --- or that new magic number of 400K

And I bet - we could land halfway between the current brackets and the pre RR brackets and the economy would grow and grow as the bottom 65% or so have lower tax - the next 30% stay the same - and the top 5% get that 50% of the distance to the old rates - inflation adjusted

Fortune Magazine Headline online
The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’