Owning your own home is America's unique recipe for avoiding revolution and promoting pseudo-equality at the same time. To keep citizens puttering in their yards instead of sputtering on the barricades, the government has gladly deprived itself of billions in tax revenues by letting home owners deduct mortgage interest payments.

Summary

This quote suggests that homeownership in America serves a dual purpose. Firstly, it acts as a means to prevent political unrest and upheaval by keeping citizens occupied with maintaining their homes rather than engaging in revolutionary activities. Secondly, it is seen as a strategy to create a veneer of equality, even though it may not address systemic inequalities, by providing financial benefits to homeowners through tax deductions on mortgage interest payments. Consequently, the government willingly foregoes significant tax revenues to ensure citizens remain focused on their properties and maintain a semblance of pseudo-equality.

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