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Taxes are at 36%? OMG! Let's put all our money in a bank in Iberia! Taxes are down to 24%? Hey, let's put all our money into a bank account in town!
Don't see that happening. Smart money managers will always try their darndest to create tax-free income, even if the tax rate was 1%.
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I think the Apocalypse is happening all around us. We go on eating desserts and watching TV. I know I do. I wish we were more capable of sustained passion and sustained resistance. We should be screaming and what we do is gossip. -Lydia Millet
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