An Investment News article from earlier this week declared the thing which scares financial advisers most is the notion a Democrat (shudder) might win the Presidential election.
Not the unceasing war in Afghanistan and Iraq (wasn't this mission accomplished already?). Not the looming recession. Not energy, not education. Certainly not health care - these guys can easily afford any care they want. Not the mortgage lending crisis and its spillover. Nope. The possibility of Democrats taking control of the White House is what keeps them from sleeping well at night.
Of course, the reasoning makes sense from their prospective - God forbid we actually tax capital gains at a rate comparable to other forms of income. Heavens forfend they actually be expected to provide any additional penny to the betterment of the country. The notion of actually increasing taxes to lower our national debt, pay for better health and education for the masses, or any similar program - why it's enough to make a strong man weep in fear.
Meanwhile, they will continue to make money hand over fist, pay for elite-level health care, pay more to send their children to the best private schools, and otherwise do all they can to avoid actually having to deal with the tired, the poor, the huddled masses this country purportedly welcomes.
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