Obama is coming hide your money….

Seems the closer we get to election day seems we get a more accurate picture of what Obama considers rich and who will get slammed by new taxes. Also I’d like to point out something Obama isn’t talking about: Part of his tax plan lets the tax cuts enacted in the last 8 years revert in other words EVERYONE will be paying higher taxes first before getting any kind of relief. Oh and the relief window keeps getting smaller. First it was $250k, then $200k now Biden says $150k. Getting scary… when does it stop? Here’s Biden:

If that’s not enough a HUGE red flag then the fact that the job creators starting to panic should be. Take for instance NFL Dolphin’s owner Wayne Huizenga.  He is going to rush the sale of the Dolphins to avoid the HUGE tax increase which will happen if Obama is elected. Why is this scary? Frankly if people with money know more taxes are coming they will be investing less in U.S. investments. Why should the Dolphinstry and make more money if it’s just going to be taken away?  Obama is going to increase capital gains taxes further slowing the economy. No one wants to invest money only to be taxed more and lead to smaller profits. So if Obama is elected look for a protracted slowness in the economy. As any economics professor will tell you you can’t tax your way out of a recession let alone a potential depression.