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Monday, July 09, 2012

Risk

The wealthy are no longer trying to compromise with the poor. They're simply packing up moving out of the country renouncing their citizenship. When the top 10% control 70% of the wealth in the country. What happens when the top 10% start to leave and go elsewhere? While people are complaining about PILOT programs and offering perks. This is the alternative. Having some big fish leave the pond.

I wonder if President Obama's supporters are paying attention to this trend. It's kind of like when the people in Hickory Hill were trying to sell their homes before being annexed. By the time he raises taxes on the rich. They'll all be gone. Socialite Denice Rich is the latest example of this.  Eduardo Saverin co-founder of Facebook is a more  noted  example. Would we even know about  her if it weren't for him? I wonder does Forbes keep a list on this?  When you push  the wealthy against  the  wall. That's the risk that you run.

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