OPINION:
According to “Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages” (web, April 18), the federal government has crafted a new rule forcing buyers and refinancers with good credit scores to pay higher mortgage-rate fees to subsidize riskier borrowers.
It’s like race-based college acceptance — except instead of race bias there is now a responsibility bias.
This all sounds too much like communism for my taste. “From each according to his ability, to each according to his needs” was a slogan coined by Karl Marx. It refers to free access to and distribution of goods, capital and services. Every day in the news I read or hear more about how our federal government is on a rapid slide into communism.
PHILIP MORRIS
Burke, VirginiaÂ
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