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Posts Tagged: “American dream“
The Perverse Incentives Depreciating Your House
While home prices increase in price exponentially, many worry as to whether they will one day own a home. For years the American dream consisted of home ownership and financial independence. The increasing price of homes makes it seem as though only a select group of elites can afford them. The graph below shows median […]
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Property Tax and the Death of the American Dream
While the primary catalyst for the original English pilgrims to venture to America was religious freedom, a strong desire for independence followed closely behind. They desired to be independent of two things: poverty and government meddling. This spirit carried into the American Revolution and informed domestic policy for many years. The Homestead Act of (FIND […]