And mortgage deadbeats:
[The New York] Times analyzed data from CoreLogic. That's a firm that analyzes real estate trends. The data shows that more than one in seven homeowners with loans over a million dollars has missed at least three payments in a row. They're seriously delinquent. Only about one in 12 homeowners who owe less than a million dollars is seriously delinquent. That's basically the rest of us [Stacy Vanek-Smith, "Rich More Likely to Walk Away from Homes," Marketplace Morning Report, 2010.07.09].
See the NYT article Vanek-Smith cites for these valuable quotes:
“The rich are different: they are more ruthless,” said Sam Khater, CoreLogic’s senior economist.
...the rich do not seem to have concerns about the civic good uppermost in their mind, especially when it comes to investment and second homes [David Streitfeld, "Biggest Defaulters on Mortgages Are the Rich," New York Times, 2010.07.08].
And I'm supposed to trust the rich with more tax breaks? I don't think so....