Start A Petition

Preparing for 'Fiscal Cliff,' Investors Move Assets to Avoid Higher Taxes

Society & Culture  (tags: americans, government, economy, money, politics, society, news, safety )

- 2019 days ago -
As lawmakers struggle to agree on a plan to avert the series of tax increases looming next year, many investors are taking preemptive action to get out of harm's way.

Select names from your address book   |   Help

We hate spam. We do not sell or share the email addresses you provide.


Past Member (0)
Wednesday December 12, 2012, 12:44 am
Noted. Thanks.

Monica D (580)
Wednesday December 12, 2012, 5:29 pm
The fossil fuel subsidies should be ended.

Danuta W (1250)
Thursday December 13, 2012, 4:00 am

Giana P (398)
Thursday December 13, 2012, 4:17 am
Noted. Thanks.

Gloria p (304)
Thursday December 13, 2012, 4:42 am
I call it legal laundering.

Past Member (0)
Thursday December 13, 2012, 6:20 am

Kath P (9)
Thursday December 13, 2012, 7:18 am
What do they say is first to abandon a sinking ship?

jan b (5)
Thursday December 13, 2012, 12:46 pm
The problem of interest rates, which are artificially low and below the rate of inflation it does force investors, including individuals, institutional investors, and state and private pension funds, into risky investments. . The losses in 2008 experienced by the financial sector and investors brought about by Greenspan's irresponsible monetary policies continued by Bernake exceed several trillion US dollars if we add up the combined capital losses on homes, nongovernment bonds, and equities. Now the interest rates remain at zero....Joining retirees are the institutional investors who need to show positive income to shore up more risky investments when their only option is those income/blue chip stocks and funds. This is creating a bubble in those blue chip stocks. People wanting security go to govt bonds and govt bond funds, why go to less secure bonds which dont pay much more than govt bonds, and bonds are generally returning less than inflation. Thats creating a bond bubble in govt bonds. If/when they burst, its going to be very bad particularly since the economy is already in trouble

Joanne Dixon (38)
Thursday December 13, 2012, 2:09 pm
This in a nutshell is why I could never have succeeded as a financial planner. Insurance is not a dishonest business (not to say there are not dishonest insurers, but the business principles are sound). The same is true of banking and real estate. Even investing isn't so bad if you ignore the tax avoidance aspect. But the tax avoidance mentality just turns my stomach.

Stephen Brian (23)
Thursday December 13, 2012, 4:57 pm
This echoes another argument I heard about progressive taxes: Taxing the rich just doesn't work. They can move their assets or places of residence, use legal fictions to abuse necessary deductions, and pass on taxes to consumers. They will pay exactly as much as they are willing to pay and not a penny more.

Ann Breeden (65)
Thursday December 13, 2012, 4:59 pm
Interesting. Why don't the 1% just pay their fair share so our country will run better.

Lois Jordan (63)
Saturday December 15, 2012, 3:54 pm
Noted. Thanks, Carrie. I have no tears to shed for those worried about where to invest their millions or billions to avoid taxes.

Stephen Brian (23)
Monday December 17, 2012, 10:45 pm
Hi Ann :)

There are a few reasons:
First, there is just plain greed. Obviously many people like to keep more for themselves.
Second, there is the "Tragedy of the commons": We only see benefit if many of them do it, and the same goes for them. In each individual case, they know they cannot make the difference alone, so they get one of two choices: Pay in and have nothing come of it or don't pay in and have no less come of it, or pay in and have stuff work, or don't pay in and still have stuff work.
Third, they might not approve of how their tax-dollars would be spent, either due to inefficiency or because they disagree with many programs. Romney's tax-forms actually showed him to be of this group, as he reduced his taxes by donating millions of dollars to a charity which he apparently believed would put it to better use.
Fourth, they might genuinely believe that the taxes demand more than their fair share. Once you start doing something lucrative like avoiding taxes, it's pretty hard to stop when you reach the point at which you would not have started doing it.

Tim P (48)
Monday December 31, 2012, 4:53 pm
I have a group and petition on links below. This petition of mine could also go into being about the fiscal cliff. Let’s have confidence and faith in the petitions. My petition needs 1,000 signatures in total. Let’s not be or act selfish towards one another. We could all share this group and petition with people we know. Here are the links below. Please sign the petition if you haven’t.

Reshaping the World

This petition is also on this link below…
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story

Loading Noted By...Please Wait


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in Society & Culture

Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.

New to Care2? Start Here.