Democratic Rep. Ilhan Omar of Minnesota has introduced a radical measure that would dismantle Americans’ property rights.
If enacted, the Rent and Mortgage Cancellation Act would come dangerously close to the socialist dream of stripping people of the right to control their property and would allow for another massive government expansion.
This bill, introduced April 17, would cancel all rent and mortgage payments, regardless of income or employment, for the duration of the coronavirus pandemic.
“The bill would constitute a full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history,” a news release from Omar’s office says.
Furthermore, a fund would be created “to fully finance the purchase of private rental properties by non-profits, public housing authorities, cooperatives, community land trusts, and states or local governments — in order to increase the availability of affordable housing during this downturn,” the news release says.
This means private property owners would be undermined and the power of government entities would be greatly increased.
Landlords and mortgage companies could apply for lost income to a relief fund that would be established for this purpose. Only primary residences would qualify, not investment properties or vacation homes.
It is no surprise that Omar’s fellow radical House “squad” members — Reps. Alexandria Ocasio-Cortez of New York, Rashida Tlaib of Michigan and Ayanna Pressley of Massachusetts — co-sponsored the bill, along with three other progressive Democrats.
The “squad” is determined to take maximum advantage of the suffering caused by the pandemic in order to create a large, socialist bureaucracy.