Posted To: Pipeline Press

I just finished my weekly 3 minute “abs of steel” workout, and it’s time for a rant! A wealth tax? How does the Federal government pull that off? Is an auditor going to ask to see my baseball card collection which accounts for 50 percent of my net worth? Make me pay for an appraisal of my collection of sad-eyed Italian children paintings (on velvet!), which accounts for the other 50 percent? But we all know that someone, sometime, as to pay for the stimulus packages sent out, much of which hasn’t even been spent yet, and Fannie & Freddie worsening loan level price adjustments won’t cover it. Heck, we’re still waiting for the “adverse market” they told us about a while back. Will the Federal government figure out a way to tax the $3 billion…(read more)

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Source: Mortgage News Daily