And so it begins.
If they’re selling, who is buying?
Not sure I completely buy that, yes there are some, but also the DOW hasn’t completely dropped significantly yet, and a DOW 9000 is all I ever expected. Will more aggressive selling happen before Dec 31 is the big mystery.
I’m by no means wealthy but I went to cash shortly before the election based on technicals.
As a protest to wealth confiscation, we all should do two things: go to cash or metals and reduce spending. We need to shrink the enconomy in excess of taxation. This is our only power. Deflation is our weapon. Make them make an offer to us for a change.
A tax increase of from 15% to 40%. That overseas money is never coming back.
This was the reason why George Lucas sold the Star Wars universe to Disney a few weeks ago.
Obama’s gov’t will rake in some money this year from the sales, but will be hurtin’ fer certain in 2013 when the rate hikes on capital gains kick-in, (provided the Marxist gets his way on the tax rate increases).
This wont make news until the Dow really dives. Otherwise no one will notice/.
I bet we will be seeing an increase in the number of American citizens giving up their citizenship and leaving the country for greener pastures.
The underground or “informal” economy will thrive. Smuggling money out like an Argentine. Know any mules or good techniques?
We went over the cliff on Nov 7.
Taxes haven’t gone up yet and they’re already pushing to raise them.
Think about that. :)
No, wealthy are dumping assets before the capital gains tax rate goes from the current 15% up to the pre-Bush tax cut rate of 25%.