New Orleans I won’t say it’s a sea change, but there are starting to be some encouraging signs of change among the elites and critical chattering classes on the issue of more equitable taxation, particularly the need for the rich to pay their fair share. In a recent issue of the New Yorker, surely a …
Category: Financial Justice
Homes as Assets and Wealth
New Orleans The New York Times ran the article on the front page announcing that the “era” is over when a family in the United States could reliably expect their personal residences to appreciate and create citizen wealth. Housing Fades as a Means to Build Wealth, Analysts Say was headline on the email version. This …
Cynical Shift in Hardest Hit Foreclosure Fund
New Orleans We have now gone past tearing out our hair in frustration and are moving to full throated screams for help, but nothing seems to be putting a dent in the hapless and incompetent fiction that we have a national foreclosure modification program. Recently the Obama Administration announced that it was moving another couple …