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Wealthy Dump Assets Amid Worries About Going Over 'Cliff'
CNBC ^ | Nov 12, 2012 | Robert Frank

Posted on 11/12/2012 5:23:35 PM PST by Innovative

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To: MrChips

“And it just might.”
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It just might implies that it just might not! My question is how could the whole thing not collapse within the next four years. I honestly don’t see how it can be stretched out for much more than another four months. Of course I must admit that I thought that things would be even worse than they are by this time. A lot is being hidden from the eyes of the average dummy who voted for Obama, I honestly believe that in reality we are even now in far worse shape than at any time during the depression of the thirties. I see the potential for a disaster to make the thirties look like a picnic on the beach. My parents lived through the thirties and they were at all times far better prepared to weather a storm than the “wealthy” people who were dumpster diving following Sandy. They had chickens in the yard and pigs in the pen, rabbits in the brush and so forth.


21 posted on 11/13/2012 8:54:38 AM PST by RipSawyer (Free healthcare is worth FAR LESS than it costs.)
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To: Innovative

I primarily sell to businesses. In the past week EVERY business owner I have spoken to (a couple of dozen) has shared their plan for the next four years. The main points seem to be:

1) Generate only enough profit to survive. Since any great increase in profit will be highly taxed, why bother?

2) Hire no one. If you must hire someone, hire a family member or close friend.

3) Fire as many employees as you can to keep in line with objective number one.

4) Purchase only the equipment needed to keep objective #1 in play.

5) Go through your customer list and greatly increase your prices for high maintenance clients.

6) Hope it gets bad enough that we never elect a Democrat President again for generations, but not so bad that you lose your company.


22 posted on 11/13/2012 9:06:36 AM PST by Crusher138 ("Then conquer we must, for our cause it is just")
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To: Myrddin

Fifty cents on the dollar now beats five cents later.


23 posted on 11/13/2012 10:21:39 AM PST by RipSawyer (Free healthcare is worth FAR LESS than it costs.)
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To: RipSawyer

True


24 posted on 11/13/2012 10:36:22 AM PST by Myrddin
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To: mgist

People are arming themselves because of fear of King George’s troops. Who would have ever thought it would happen again.


25 posted on 11/13/2012 1:04:27 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: RipSawyer

On the other hand, so everyone’s taxes fo up and there is a huge cut in spending. It’s a cliff, but the second half is not all bad.


26 posted on 11/13/2012 2:01:36 PM PST by MrChips (MrChips)
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