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January 14, 2008

Democrats in the White House Worse Than a Terrorist Attack

I don't know how reliable the "Brinker Barometer" is, but Democrats have to to be pissed to be leading a list of things financial advisers are worried about. The list includes "global unrest, terrorism, recession and U.S. economic growth, but the number 1 worry (at 22%) of financial advisers is that there will be a Democrat in the White House next year.

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. [That sounds like a compilation for effect of three different answers.]

"[Departing from] the Bush administration's approach to taxation will have a large impact on advisers and their clients," said John E. Coyne, president of Berwyn, Pa.-based Brinker Capital, which manages $9.4 billion in assets. "When taxes begin to erode returns, equities remain less attractive."

Don't I know it, John. You want to know what Democratic voters find more attractive than returns on equity investment? Handouts. Government-run healthcare. And taxing the pants off of businesses in the name of fairness.


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posted by Gabriel Malor at 11:36 AM

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