| | "These middle-income earners, priced out of homes from Burlington, Vt., to Santa Fe, N.M., are being offered financial breaks to live in hot real-estate markets and near their jobs." We lived in New Mexico twice. Most recently 2002-2003, almost one year to the day. We certainly could not afford Santa Fe. It is the state capitol, so there is basic fact of having to compete against unearned incomes of state employees, their wages being higher than the general market for the same work. Then, there is having to compete with Julia Roberts and Glenna Goodacre-- who certainly deserve all they can afford, but who definitely can afford more than we could hope to earn.
So, the reality was that we lived in Old Town in Albuquerque -- and it was a nice place. We were pretty happy.
Of course, there were those colleagues who thought that we were being extravagent, when for much less money, we could have lived 30 miles down the road in Belen, where houses cost about half of what they do in 'Burque and you can still commute to the big city in less than 30 minutes at 75 mph or better.
So, all in all, yes, this NYT article does reveals a form of welfare enjoyed by people who earn $100,000 to $1 million per year, i.e, the true middle class.
That said, I find it curious that anyone here would object. I mean, these programs are all legal and lawful and being used by the people for whom they were intended.
The standard here -- from Ayn Rand and Alec Mouhibian and Hong Zhang -- is that you can do anything with or for the government as long as it would otherwise be done in the private sector in the absence of government. Many of these so-called "welfare" opportunities are only creative financing. Lenders need to earn interest and will do almost anything to make a loan come to fruition. In other examples, public agencies only underwrite or insure loans or other programs. In some cases, government entities act more directly -- but their roles could be filled in a free market by some other agency, even if a charity.
In truth, as I noted elsewhere, in the face of their overwhelming logic, I have joined the Objectivist Panhandlers, gotten a PELL Grant and enrolled at a public college, where I also am employed as a part-time staffer. Therefore, from my position, I see nothing wrong with these people getting their fair share of their tax money back.
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