There are a number of proposals that are coming forward to increase taxes. How about a wealth tax in California? A global income tax? Taxes on unrealized gains?
All of this while the economy is plummeting.
In this video I discuss how money flowing into the public coffers is not good for the markets. When it comes down to it, fear and greed reign in the markets. Anything that ticks them off, can start a slide that could be painful.
Taxing away hopes of an economic recovery is a great way to do that.