The Wall Street Journal is reporting many of the rich will protest the tax soon. Some professionals are already planning a strike- which will be in the form of cutting back their workloads. That means your dentist will probably be working less hours, and your lawyer may dump you as a client, and you may have to wait in line for a good interior decorator just in case you’re actually doing any redecorating.
It will also put the brakes on real estate investors who “make too much money”.
Is this really a good solid way to get through a recession?
Here’s what dentist, Dr. Sharon Poczatek, from Boulder, Colo. has to say…
“I’ve put thought into how to get under $250,000,” said Poczatek. “It would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off.”
We need to be thinking about legal ways to keep investing in our real estate without “making over $250,000”.
Isn’t it strange that I should be putting it in terms like that?
Especially when I just heard about 40 acres of a new development in Detroit being bulldozed because there weren’t any buyers for the properties and they want to cut back on crime…
We live in very strange times.
Taking away our incentives to work and to be more productive seems idiotic to the extreme.