Joe Sixpack shouldn't have to pay for Rosie O'Donnell's home insurance. Yet as crazy as it sounds, the House Financial Services Committee next week is expected to consider lending a helping hand to the owners of some of the most exclusive properties in the country. If bailing out homeowners with upside-down mortgages was bad, this idea is much worse because it redistributes wealth from the middle class to benefit the superrich.
Thursday, April 15, 2010
Cheaper insurance for celebrities
More wealth redistribution.
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