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07/04/14
13:25
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Les paul, you havnt thought this through
if house prices fall government makes more in tax revenue
The money not spent on a house is spent else where and gov collects 10%
Then every year after money not spent on bank interest now gets spent else where and collects 10% in tax
amount of homeless will drop as rents fall back to normal and gov doesnt need to fund as many programs
with people spending less on houses and more back into economy this drives new jobs and gov collects more tax
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