Ok so we can't avoid talking about it even here.
The six hundred pound gorilla in the room is the fiscal cliff.
Well in reality its probably not much of a cliff for most of us. Not even a six hundred pound anything.
It has been talked up and up by the media into a frenzy of turbulent maelstroms converging upon us poor investors. Sorry us incredibly rich 1%ers.. But really if you had been really careful you will have invested as much in tax efficient products anyway. Your IRA or ROTH IRA for starters.
Then most of us will not pay so large an amount of tax for this year. Next year we may take a hit but so far we are ok.
Next politicians love to create a crisis. This crisis could be settled quickly, but as in the old time Westerns the cavalry must wait until at least the most popular old settler in the wagon train has been wounded before charging over the hill to chase off the marauding indinas. US politicians seem to have one fatal flaw, they love to play at the cavalry. Sometimes more often than not however they are playing at being the 7th Cavalry at the Little Bighorn.
The fiscal cliff will not so much harm investors in their bank balance. We can survive taxes and make adjustments over time. We will get used to them.
The damage is done by the constant brinkmanship of politicians playing hero.
The six hundred pound gorilla in the room is the fiscal cliff.
Well in reality its probably not much of a cliff for most of us. Not even a six hundred pound anything.
It has been talked up and up by the media into a frenzy of turbulent maelstroms converging upon us poor investors. Sorry us incredibly rich 1%ers.. But really if you had been really careful you will have invested as much in tax efficient products anyway. Your IRA or ROTH IRA for starters.
Then most of us will not pay so large an amount of tax for this year. Next year we may take a hit but so far we are ok.
Next politicians love to create a crisis. This crisis could be settled quickly, but as in the old time Westerns the cavalry must wait until at least the most popular old settler in the wagon train has been wounded before charging over the hill to chase off the marauding indinas. US politicians seem to have one fatal flaw, they love to play at the cavalry. Sometimes more often than not however they are playing at being the 7th Cavalry at the Little Bighorn.
The fiscal cliff will not so much harm investors in their bank balance. We can survive taxes and make adjustments over time. We will get used to them.
The damage is done by the constant brinkmanship of politicians playing hero.
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