The corruption of home mortgage interest deductions

I've thought about this for a long while, and conclusion not changed, but intensified.

The ability to deduct interest from mortgages from income taxes is so full of tax-unfairness I ought to SCREAM!

I say this from multiple reasons, the but the biggest one is the incentive it creates for people to borrow against their house WHILE others, without a house, can't deduct the interest off their debt payments. SO this basically say "If you have wealth, we'll give you a tax break." while those who don't have wealth, they NOT ONLY have to borrow at a higher rate of interest, but can't reduce their taxes for this "hardship".

I MEAN, why can't a person SAVING for a home, not yet purchased, get a tax break for such prudence? Why FORCE them to JUMP the gun, get into a morgage they can't afford, with Mortgage insurance to boot, and reward this with a tax break.

I can perhaps accept that home ownership is good for everyone, and incentives that help people get into ownership is good, but WHY give this break to people on a second mortgage, or a refinancing of other debt? Again, I know home equity loans are good, they encourage people to invest in their homes.

Besides the unfairness of course is that it encourages people to get further into debt before facing financial reality. It encourages people to buy into homes they ought not to afford. It gives them an out from high-interest credit card debt, opening their credit again for more abuses.

I have to think it is intentional, I mean the "negatives" - First, we can be happy home owners buy into a STAKE into civilization and are less likely to be criminals or "beach bums" or whatever. But second, it opens the whole mortgage industry to convince people to get into more debt then they ought to accept, and THEN become beholden by this debt, creating wealth for those with even more money.

And lastly, what would the world look like if nearly EVERYONE not only owned their own home, but owned it debt-free? It would decrease the amount of money that can be held by the ultra rich, decrease their opportunity to exploit working people for a cut of their living.

And the government ENCOURAGES debt by not taxing it? Is it really so bad? I mean, here I am, paying down my mortgage. No one is forcing me to keep unnecessary debt. A free market means people can enslave themselves to others as they want, right? Who am I to say the government is enabling people to go against their long term best interest?

Well, I'm a poor debater, even against myself. I just recognize this evil, and I name it as such.

I'm better off when I have no mortgage, and I can wisely use Home Equity loans perhaps in the future - to buy energy efficient windows, or whatever investment I deem valuable to my long term future.

It's just hard - I can't imagine arguing seriously to "take away this entitlement". I mean who am I to tell people they don't deserve their cake? And we can all use it wisely or not. OH, but I can't be contented, knowing things could be better if only prudence was chosen. And I dislike systems that reward imprudence. That's my real peave.