It’s time to balance the power between workers and employers

Re:It’s time to balance the power between workers and employers by ThrowawayR2 on Monday September 04, 2017 @02:53PM (#15170149)

> The actual worst case scenario is someone gets a reverse mortgage from the bank to pay property tax with equity from the home, and they end up bequeathing a smaller proportion of wealth to their heirs when they pass.

In other words, a permanent and widespread subsidy that enriches the banking industry at the expense of the public. Don't we have enough of those already?

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Re:It’s time to balance the power between workers and employers by scarmig on Monday September 04, 2017 @03:27PM (#15170324)

I'm confused how you'd consider reverse mortgages a subsidy.

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Re:It’s time to balance the power between workers and employers by ThrowawayR2 on Monday September 04, 2017 @10:38PM (#15172130)

How could one not? See https://www.consumerfinance.gov/ask-cfpb/what-are-the-costs-...

Reverse mortgages don't happen for free. The interest and all those fees go to the banking & other industries. By making reverse mortgages a considerably more frequent scenario, those industries clearly benefit.

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