If there is a wealth tax, I think we will see wealth flow into things that are hard to price. If there is a high bracket income tax, we will see a bid for things that increase tax efficiency (e.g. div stocks will underperform the growth stocks on beta adjusted basis).
Isn't the estate tax a form of wealth tax? All kinds of ways to try and scoot around it. It appears we are both bored as the trading day begins.
And now NY is suffering - I'm holding myself from saying who cares. https://finance.yahoo.com/news/cuom...35DEDDitmerWT1kImGKSI4OCpoeSTyilqcFA-jYFIwdVo Or not.
You and sle can always move to California and be my neighbors. With a new governor, we need more millionaires to help pay for the new social initiatives he proposed.
You had a veto-proof majority of the other party already anyway, didn't you? Should only impact agency appointees and not much else. Anyway statistically he'll be in prison sometime within the next 4 years, right?
Funny - but he ran on a platform for a constitutional change to instituting a graduated tax in Illinois. Pretty ethical guy, but Illinois is headed for a 10% marginal personal rate. We are going to tax snow to pay the State's bills.