In fact, the opposite is true. Those who benefit most from this program are those with a million dollar mortgage. If you don't own a home, or if your home has less than a million dollar mortgage, your tax dollars are helping those folks with the million dollar mortgage buy their home. The fourth system that requires change is the capital gains tax. The result is further concentration of wealth, and the need to raise taxes on the less-fortunate in order to raise enough tax revenue to run the government.
Capital gain income needs to be taxed as regular income, on a steeply progressive scale.
Changing these four tax programs would drop taxes for the average American family by one-half, without any loss in tax revenue. Our present economy is precarious, because consumer debt is very close to the melt-down point where the majority of Americans will no longer be able to borrow to purchase the things they need. This is especially true for young Americans, who are accumulating unprecedented student loan debt just to go to college. They will not have significant purchasing power for a decade after graduation. As a nation, we have unimaginable wealth, we just have not shared it yet.