Everyone that believes they can simply hire Government to kick in their richer neighbor’s door and take their stuff away to give to you – will soon get a rude awakening. Your neighbor is already having a firesale and will soon make as much as you do.
Where will all that free stuff come from when the rich are no longer rich?
For many of the wealthy, 2012 is becoming a good year to sell.
They’re worried about the “fiscal cliff,” which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.
You don’t have any idea how devastating things like raising the estate tax will be. All it will do is create larger mega-conglomerates because family businesses will be forced to sell since upon death, the government demands half, and waiting in the wings is Warren Buffett to buy your parent’s business cheap.
I know it too late to stop, but I pray that everyone takes a mental picture of America right now. That all the people who came out in droves for those Obama phones or the free pizza when they voted for Obama, and realize that the America they want is impossible to achieve.
There is no such thing as a free lunch. Those who you think make too much, can and will take home less to avoid the massive taxes required to pay for the entitlements and freebies you demand. The pool of the 1% you think can afford to pay more will shrink and the only way to confiscate enough tax revenue to pay for the largess is for those tax increases to trickle down to the middle class.
The exodus from the evil rich status has begun, soon even Hollywood will be selling short to avoid the pain of most of your hard work being taken away by Government and redistributed.
The real fiscal cliff America is facing is when there is no one left to pick up your tab.