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NVR, Inc. Message Board

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  • billberggren billberggren May 20, 2004 1:10 PM Flag

    ^30-year mortgage rates highest since

    Bush is the largest tax collector in history that directly effects homebuilders and you don't even see it. The deficet tax. $400 billion and rising. With a national debt of $6.7 trillion, the 8 percent deficet/debt rising rate. It is also instanteous. Except for the future prediction of the deficet.

    Imagine a 2 person economy each with $10. Person A sells apples to person B for $1. What happens if the government gives each person and extra $10 through a deficet. I would be person A would sell Apples for $2.

    Now assume the goverment gives each $10 every year. What happens when person B wants to borrow money from person A.

    Deficets directly cause inflation, higher interest rates, and a weaker dollar. All through dollar dilution. It is effectively a tax.

    Rising oil prices are directly attributable to this dilutuion.

 
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1,262.58-17.42(-1.36%)Jan 23 4:00 PMEST

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