Do you think people are already selling off stocks and real estate as a contingency for Obama's mass-taxes?

Question

Even now, the mere idea of paying out 28% of your profits must be making some people try to beat a post November crash. Can you imagine losing ALL of your home equity and 28% of your stock profits to Obama to pay to the sloths and porch parasites?

Obama plans to tax "retirement savings" not just the interest, but the savings themselves. What are people going to do to preempt this? Dig a hole in the back yard or put their money offshore? He obviously feels free to go after Americans' very savings.

He's a monster who doesn't understand squat diddly about the economy. He's the one who should admit that the only thing he understands is how to destroy a nation.

Answer 1

The stock market is declining because of the sub-prime mess, a struggling economy & high oil prices.  Obama does not enter into it.  

Also, it is far from certain Obama will be the next president.  I think there is a 50/50 chance that it will be McCain

Answer 2

Simply, no. The reason is when people sell there has to be a buyer at the other end. So you cant just sell anything.

Besides the academic research points to there is no correlation between the stock market and who is president.

Answer 3

Barack Obama will give 80+% of American's a bigger tax cut then McCain would. He will only raises taxes on the top 1% of Americans who can easily afford a tax increase. Under Obama, the average cut will equal $1000 - $1290 annually. Under McCain, the average cut will equal $319 annually.

Republicans continue to deny this and ignore it and say Obama's lying. Who's the real maverick of his party? Obama a Democrat who wants to lower taxes for the vast majority of Americans or McCain a Republican who admits global warming is real?

The war will be over under obama. Those billions of dollars that were spent funding that unjust war will come home to the vast majority of Americans who desperately need it.

Answer 4

Well, first off, I know you will not accept my answer.  That said, when W started, our debt was $5.5 trillion.  The end of this year, it will be $9.6 trillion, an increase of $4.1 trillion.  This is debt that you will be paying interest on for the rest of your life.  And, your generations will be paying interest on for their entire lives.  Bubba was balancing the budget.  W has been in office for the past 7 1/2 years and we are having all these problems with him.  Our roads are falling apart and our bridges are falling down.  Some of our reserves have been in Iraq four times.  The suicide rate in our military is very high.  Some are heading to Canada.  (I got a PH in Nam and do not blame them - Iraq is h**l).  We are losing in Afghanistan - their heroine crop in 2007 was the largest ever.  Make an effort to get your facts straight.

By The Way, if you are thinking of purchasing gold or silver bars, understand that Homeland Security is requiring that all dealers furnish HS with the names and addresses of their customers.  Have a nice day.