1862: The Tax on Personal Financial Responsibility

Our Founders believed that a virtuous citizenry was essential for a sustainable republic, and that they needed to enact laws to promote those virtues. 

On May 1st, Loan-Level Price Adjustments will go into effect, penalizing borrowers with good credit who make down payments when buying homes, and rewarding borrowers with lower credit who don’t make a down payment. 

I find this troubling. 

 

Get your copy of George’s book, Be Your Own CFO: A Businesslike Approach to Your Personal Finances 

 

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