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Economic Update: From Bad Loans to Taxing the Property of the Wealthy

Updates on the Pentagon’s overpayments; mortgages tilting toward the rich; the subprime car loan bubble; and silence about intangible property tax.

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This segment includes an update on the Pentagon’s overpayments and a discussion of how mortgages are tilting toward the rich, as well as coverage of the subprime car loan bubble and the silence around intangible property tax. We also discuss the economic organizations of the Republican and Democratic Parties, and more on socialism and Marx.

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