Signs of why recovery will be slow and long time in coming: The Sunday Denver Post in article (p. 6K, 01/03/2010) on increasing foreclosures and declining prices in the luxury home market quotes Edie Marks, long one of the Denver areas most successful luxury market specialists, “The people that have money are sitting in kind of a cocoon – they’re not making decisions because they’re concerned about what’s coming down in terms of taxation and vindictiveness against the wealthy.”
Source link: http://archive.mises.org/11366/anecdotal-evidence-of-regime-uncertainty/
Anecdotal Evidence of “Regime Uncertainty”
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Property Right Seizure Paralyzes The Economy.
This is a classic manifestation of the “Road To Serfdom.” Imposition of the half-baked ideas of ego-driven interventionists leads to distortions that shock those who are trying to be productive but who rely upon market signals.
The resulting paralysis sends the ego-driven interpreters and the ego-driven interventionists into a tizzy fit. In what can be properly classified as acts of economic terrorism, new invasions of property rights are hoisted upon the market taking it down the road towards that abyss of totalitarianism.
This fits right into Obama’s plan. He’s going to demonize the rich people for not spending their money, accuse them of hoarding, and use that as motive for taking more money from them by force.
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