and for sure RAISING TAXES stunts growth, maybe not in government programs like food stamps,, disability benefits, PROLONGED unemployment, failing schools, or USA decline, these prosper and continue.
a while back, the wealth redistributionists took aim at the YACHT (pricey boats) community and socked it to the real real rich, or rich wannabees, and taxed these boats to the moon. now what was the net result in this somewhat insignificant sector of USA economy? sales of pricey boats crashed because the rich and rich wannabees are not stupid, they did other things with their cash, but not sucker purchases. and those with jobs BUILDING the pricey boats??
maybe it was THEIR turn to lose their jobs, go on unemployment, food stamps, disability or whatever..........who was it that said????
GO AHEAD MAKE MY DAY, NO NEW TAXES? our Greatest President!!!!!!!!!!!!!!!!!!
Emerging markets even russia gain advantage if usa economy loses it. Financlal markets are liquid, they move where investments are best treated ..the Fed may not care to beome irrelevant due to socialist policies here while investments move away.....High taxes, falling home sales, empoyment stagnant
MHO you are correct. This economy is in bear mode or at best stagnation, the difference is that people are already massively unemployed and government subsidies insure joblessness and worse continued dependence on government., Historically this type of environment takes years to correct.. but maybe longer today as the working class shrinks....Bonds may be investment king as other investments are thrown under the bus