If you think it’s been rough economically, you ain’t seen nothing, yet. We’re in for a very rough few years. Just one man’s opinion, but based on talking with the geese laying the golden eggs, whose killing was promised during the election campaign, as opposed those who have nothing better to do with their lives than cut & paste misinformation in web chat rooms. The real players aren’t on the internet tipping their hands.
These are the people who fuel economic growth. Products run through their life cycles and fade away, along with the jobs associated with them. They are replaced with companies and product lines spawned by venture capital. Venture investing is risky, so a high capital gain is sought. Go after the gains with draconian taxes and there’s no incentive to invest and take on high risk.
The venture capitalists didn’t amass their money by being obtuse. They’ll stick their money in a safe harbor, something like municipal bonds or go offshore and ride out the storm.
No new products and jobs means failure of companies that would’ve supplied them and those jobs go away, too. Taxes on employment, profits and capital gains dry up, so kiss those promises of manna from heaven goodbye.
Fasten your seatbelts. It’ll be a bumpy ride.
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1 comment:
Finances are the least of our problems with this guy in office. I'll be glad if I'm breathing and not glowing in the dark by the time he's done with us.
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