You’ve read the news, now here is how it works: The government gives money to Freddie Mac (FRE) and Fannie Mae (FNM). Then, to reimburse themselves for this generosity, the government takes money from you or your employer or both. In return, your employer leaves the U.S. while you stay and suffer. Get more details in the next two paragraphs and enjoy the video at the end. When state governments overzealously tax corporations (entities without a pulse), those states suffer economic declines of nearly 50%. When state governments overzealously tax individuals (entities with a pulse), then those individuals vote with their feet and move to where the corporations set up shop (usually a neighboring state).
Read »Fannie, Freddie, Uncle Sam and You
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