"... the recent tone in Washington D C has been one that castigates those who work hard to earn more. Everyone understands that this is a pre-emptive claim on citizens' private assets by a greedy government. During the Roosevelt administration the tone was similar. The result was the same: anyone with money kept a low profile and cut back on consumption and investment prolonging the depression and high unemployment for years.
When you go to a gold mine during hunting season you see lots of deer and elk hanging around the property. These animals sense that they are safe in these no hunting zones. In the coming years, anyone with assets will do the same. The reports from Starbucks and other businesses that service upper income clients is telling me that the migration has begun."