Posted on 01/14/2008 5:22:21 AM PST by AmericanMade1776
Nothing worries financial advisers more than the prospect of a Democrat's being elected president in November, according to a quarterly poll by Brinker Capital Inc.
The fourth-quarter edition of the Brinker Barometer, which polled 236 advisers in December, found that 22% indicated that a "Democrat in the White House" worried them more than all other economic or geopolitical concerns.
Rounding out the list of concerns was "global unrest" (15%), "U.S. economic growth" (15%), "a terrorist attack" (13%) and "a recession" (13%).
When asked what their greatest tax concern would be under a Democratic administration, 81% of advisers cited a potential increase in the capital gains tax, an income tax increase and heavier taxes on dividends.
(Excerpt) Read more at investmentnews.com ...
The results jibe with a poll that Brinker conducted last summer in which 60% of advisers said that Democratic presidential candidate Sen. Hillary Clinton, D-N.Y., would be the worst choice in terms of the economy and investing.
On the flip side of that poll, 36% of advisers said they thought that Republican presidential candidate Rudolph W. Giuliani would have the most positive effect on the U.S. economy and investing (InvestmentNews, Aug. 13).
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080114/REG/461139017/1017
Financial advisors, military personel, Business sector, Boy Scouts... seems all the people worth listening to would benefit from more years of Republicans!
So does anyone who lives, or used to live, in the state of NY....
Taxes, poor job climate drive residents to other regions
Note to the nation: Vote for a 'Rat, or a RINO, and all this too can be yours....
How about California, when a Democrat was Govenor...I believe it was Gov Gray, things were really getting bad.
Last I knew there was a conga line leaving CA, too. And MA. Gee, what do all these states have in common....?
I expect at some point in the future, these money grubbers will change the rules on Roth IRA’s, and we’ll be taxed on that money when its withdrawn.
Yes.. I was in the Congo line living Massachusetts... speaking of Taxachusetts, How about the “big dig” project.. 14 Billion dollars of Federal tax money and it has leaks and falling panels. Prime example of what Democrats can do with your tax dollars.
God, I hope not.
Conservatives should adopt the line “it’s the economy, stupid”
They're trying to export their financial and social points of view, to make the entire country a "workers paradise."
Mark
Hummmm. I really did believe that but heard some financial “guru” twit on Fox News claiming opposite. This person stated that “the markets were looking forward to having a dimocRAT in the White House (presumably Hillary!)
Makes sense.
I suppose credit bubble falls under the growth and recession concerns. But our main problem is the credit bubble, can’t live with it, can’t live without it.
Nearly as bad is the idea of a democrat in gop clothing.
Someday soon, it may well be more financially prudent to sock away lots of cash in one’s mattress than to otherwise invest it.
I can’t believe they haven’t made a run at the Roths already.
If a Democrat gets into the White House, you can bet your boots, and saddles, too, that Roth IRAs will be in their sights - as well as increasing taxes on dividends.
Yes, I am a registered investment adviser, and those Dems scare the hell out of me.
Things are tough enough already without throwing gasoline on the credit crunch bonfire.
btt
But, what does worry me deeply: An Alinsky-anarchist posing as one; or any of the current crop of 'rats that ALL allow the Soros gang to get their way...
I've been warning people of that ever since they came out.
Exactly! What have our wonderful Republicans done but spend? And if the candidate is Huckabee...
Actually, remember, it was Hillary's idea for the 15% one time tax of what we all have in our retirement accounts now, and then tax us as we start to withdraw it also. So, if you have $100,000, she takes $15,000 now and you get taxed on your remaining $85,000 as you start to withdraw it. I fully expect them to really push the SS retirements up in age brackets more also. I think they will do away with the early 62 retirement, and move it to 65 or 66 and then move the full SS benefit to age 70 and NO early retirement. IF you retire BEFORE 70, you just do it without SS. If you live to 70, then you will get a REDUCED SS because you retired before 70 and was not paying into the kitty.
Social Security has been a current-accounts cash cow for the federal budget. Theoretically that money is "invested" in government bonds to pay for the Retirement Boom (now beginning) echo of the Baby Boom. But of course although you can write an IOU to yourself for a trillion dollars, you can't take it to the bank - and the government has painted itself into that very corner with the bonds in the SS Trust Fund. The socialist fantasy has it that the government's ability to print or, by taxes raise, money is unbounded; the 1970s show you what happens when it tries to prove it. Stagflation.If the government tries to pay Social Security for the Retirement Boom by selling those bonds it will have to print the money to allow the economy to buy them - or else people will have to disinvest in the stock market to buy them. As the Carter Administration demonstrated, the tradeoff is then between stagnation and inflation. The Democrats still don't believe it, tho - so we are pretty much doomed to have another Democratic administration which will prove it again. I confess that I thought that the Clinton Administration would fall into that trap, but the Gingrich revolution prevented it. But it is just a matter of time until the Democrats get control of the presidency and the Congress again.
And if we don't nominate a conservative for president (and perhaps even if we do) it won't be a matter of much time.
“I expect at some point in the future, these money grubbers will change the rules on Roth IRA’s, and we’ll be taxed on that money when its withdrawn.”
You are absolutely correct. My parents bought gobs of war bonds on the promise that if you rolled them over when they matured, there would be no tax on the gain. Now, they were going to buy the bonds anyway. But sure enough, when the bonds matured in the 1970’s, and my parents went to roll them over, the rules had changed and all the interest was taxed as income.
Never make investments based on promises of present tax benefits extending to the future. Once there is a sufficient pile of money there, greedy politicians and bureaucrats just can’t keep their hands off it.
I don’t think they like it any time the same party controls both the White House and Congress.
Relax!! It's only our money, if it was something important I'd get excited about it. /s
Actually expect your 401K's to get swiped as well.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.