{"id":179609,"date":"2017-12-18T21:01:00","date_gmt":"2017-12-19T02:01:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/12\/18\/lame-ass-tweet-of-the-day\/"},"modified":"2017-12-18T21:01:00","modified_gmt":"2017-12-19T02:01:00","slug":"lame-ass-tweet-of-the-day","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/12\/18\/lame-ass-tweet-of-the-day\/","title":{"rendered":"Lame Ass Tweet of the Day"},"content":{"rendered":"<p>Care of my first cousin, once removed:<\/p>\n<blockquote data-lang=\"en\">\n<div dir=\"ltr\" lang=\"en\">The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. <a href=\"https:\/\/twitter.com\/hashtag\/GOPTaxScam?src=hash&amp;ref_src=twsrc%5Etfw\">#GOPTaxScam<\/a><\/div>\n<p>\u2014 Sen Dianne Feinstein (@SenFeinstein) <a href=\"https:\/\/twitter.com\/SenFeinstein\/status\/942454012711964673?ref_src=twsrc%5Etfw\">December 17, 2017<\/a><\/p><\/blockquote>\n<p>You know, there are any number of cogent reasons to oppose the Republican tax bill.<\/p>\n<p>It&#8217;s bad policy.<\/p>\n<p>It&#8217;s worse economics.<\/p>\n<p>It is completely bereft of morality. <\/p>\n<p>But arguing that because housing is over priced in California, largely as a result of Proposition 13<sup>*<\/sup>, that the tax bill is bad is the single most unconvincing argument that one can <b>POSSIBLY<\/b> come up with.<\/p>\n<p><sup>*<\/sup><span style=\"font-size: xx-small;\">Prop 13 requires that property taxes go up at a fraction of the rate of inflation, and as a result, people don&#8217;t downsize on paid off homes, because their taxes would double or triple.  This reduces supply, and drives up the price, of housing.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Care of my first cousin, once removed: The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam \u2014 Sen Dianne Feinstein (@SenFeinstein) December 17, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[446,588,367,393,406,480],"class_list":["post-179609","post","type-post","status-publish","format-standard","hentry","tag-budget","tag-fail","tag-internet","tag-real-estate","tag-stupid","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179609"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=179609"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179609\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=179609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=179609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=179609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}