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Realtor fears for Bahamas over Democrat wins

photo

John Christie

By NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

A prominent realtor yesterday warned that Democratic control of both houses in the US Congress could hit The Bahamas' post-COVID recovery if the party moves to push through steep tax hikes.

John Christie, HG Christie’s president and managing broker, told Tribune Business that while he remained "bullish" on the Bahamian real estate market's prospects for 2021 this could all be undermined if US tax increases reduced disposable income and eroded confidence among both potential tourists and property purchasers.

He warned that the main threats to his positive outlook, especially for the international segment, were ongoing COVID-19 uncertainties coupled with "any radical changes in the US if they start raising taxes and take all the wealthy people's money".

"That could have a trickle down effect on us in a big way," he warned. "We hope that doesn't happen for sure. I had hoped that the [Senate] election would keep the Republicans in power there and create a check on taxes. If that had happened it would have kept the good times rolling."

However, Democratic challengers, Jon Ossoff and Raphael Warnock, unseated both Georgia Senate incumbents, David Perdue and Kelly Loeffler, in an election that was overshadowed by Wednesday's storming of Capitol Hill and the US Congress by Donald Trump's supporters.

That outcome creates a 50-50 tie in the Senate between Republicans and Democrats that can be broken by incoming Democratic vice-president, Kamala Harris. This, in effect, gives the Democrats control of both houses of Congress and the presidency via Joe Biden, which in theory will enable them to easily push through a legislative agenda that could involve significant tax hikes.

"I don't think it's good," Mr Christie said of the Senate election outcome. "It just remains to be seen what they do. The stock market hasn't crashed, and right now people are feeling good, but if they raise everyone's taxes in the US it won't be good. There will be less money for tourism and Bahamian real estate.

"Any time you have people talking about raising taxes on the whole it isn't good for The Bahamas. That's taking money out of someone's vacation pocket, which is not good for us. It is what it is. We've got to do our best. We continue to be very busy right now, and hopefully that continues."

While many Bahamians and residents will doubtless be glad to witness Donald Trump's departure from the presidency in 12 days' time, Democratic administrations have traditionally not always been as kind to this nation's economy and key industries as their Republican counterparts.

Take financial services. Both the Clinton and Obama administrations were much closer to the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) position on so-called "harmful tax practices", and effectively enabled both to pursue their initiatives against The Bahamas and others, whereas the Bush administration stymied the latter body for eight years.

Mr Christie, meanwhile, while revealing that real estate sales volumes were down 30 percent in 2020 compared to a COVID-free 2019, said the outcome "could have been a lot worse than that". He added: "There's still been a number of large sales. People are not just looking; they're buying.

"We're very bullish on it. It's been very busy, and we're very optimistic about 2021. People have been held back for all of 2020, and there's a rubber band effect. We've been busy over Christmas and because there's more people working, the decision to buy now is made, as they see the need to move before prices go up.

"I think with COVID-19 people are coming out and selling, especially in the luxury market. In most communities things are selling." Mr Christie voiced optimism that the international side of the Bahamian real estate market could even recover to levels approaching 2019, and said: "We're looking forward to a good New Year. The way it's looking now we're all feeling optimistic.

"Bahamians have been buying as well. Bahamians were buying all through the summer. Anyone with excess cash has been buying real estate. Obviously the big stuff is international, but the local market has been pretty solid all across the board. It's been able to weather the storm."

Mr Christie added that technology and online viewings have played a greater role for buyers and the wider real estate industry since the COVID-19 pandemic struck, with some purchasers willing to acquire "sight unseen" although most prefer to still physically view the property before agreeing a sales contract.

Bahamian tourism and real estate are heavily linked to stock market and housing valuations in the US, where the so-called 'wealth effect' encourages purchases and outlays by both high net worth and middle class individuals.

Comments

DiverBelow 1 year, 11 months ago

Really? You are concerned because those who were given a ridiculous tax break 4 years back & now the funds must be found to cover that portion of their accumulated debt? Sounds like a credit card company complaining because a cardholder cut up his maxed out card, after collecting years of high interest...or... commission. Have no fear the very wealthy will continue to purchase & sell their investment properties throughout the world. When the economy in US improves, the middle & middle high class traveler visits will improve, spending more money among regular Bahamians. May even buy some real estate. I would be more concerned on how the visitor is treated, there is great need for improvement if you want to compete.

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ThisIsOurs 1 year, 11 months ago

yeah everybody want Trump to win so they could line their pockets. not a single concern raised about the damage he was doing until 2 weeks before he leaves office. Jan-6 didnt happen out of the blue. shameful

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GodSpeed 1 year, 11 months ago

Trump didn't do any damage, stop watching so much left wing news you sheep. Biden will be terrible for the Bahamas as all Democrat Presidents are, guess your fake news didn't tell you about that.

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Bobsyeruncle 1 year, 11 months ago

Why are Democratic presidents bad for The Bahamas ? I don't remember The Bahamas suffering under the last 3 democratic presidents (Carter, Clinton & Obama) nor do I remember the country suffering under the last 3 Republican Presidents (Bush Sr, Bush Jr & Trump). Any suffering has usually been self-inflicted or inflicted by mother nature. Stop believing everything you read/hear on the right wing news. Works both ways sheepie or should that be lemming?

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Proguing 1 year, 11 months ago

I suppose that you are not an unemployed ex-offshore banker...

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Bobsyeruncle 1 year, 11 months ago

I'm not in off-shore banking but am unemployed. I'm not too familiar with the off-shore banking business, but I do know it has been in decline for a while now, and I'm pretty certain it can't be attributed just to the political party of a sitting American President, since off-shore banking has global clients, not just US. I'm not sure why off-shore banking is in decline, but my guess is it has something to do with tighter international financial regulations in an attempt to stem the flow of drug money being laundered, funding of terrorism etc. - this assumption is based on my personal experience in dealing with off-shore banks that I have accounts with, who now want so much personal info from me.

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ThisIsOurs 1 year, 11 months ago

Wrong. The offshore banking industry started declining due to the failures of banks. You know when the KYC laws got really strict? After several very public internal banking scandals. One was very public... the employee who never took vacation. It sent shockwaves in Switzerland and rippled worldwide. The Swiss govt reacted swiftly to regain their pristine banking reputation. And nobody told the banks to sell a bunch of derivatives with underlying values based on air I.e. "2008 financial crash". The sector died from self inflicted wounds

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GodSpeed 1 year, 11 months ago

lol you're a fool if you believe that. They attack the sector because they're a bunch of socialists who need all the tax dollars they can get.

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ThisIsOurs 1 year, 10 months ago

I don't need anyone to tell me what happened. I was there. So it's either believe you or my lying eyes

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Proguing 1 year, 10 months ago

Clinton put an end to Americans banking in the Bahamas with FATCA and Obama put an end to banking for the rest of the world with CRS (automatic exchange of information). They are responsible for the declining offshore banking industry and for the many offshore bank closing. Today apart for a few Swiss banks, there are no European banks in the Bahamas.

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ThisIsOurs 1 year, 10 months ago

"Birkenfeld was released from prison on 1 August 2012.[13] On 11 September 2012, the IRS Whistleblower Office paid Birkenfeld a $104 million award for acting as a corporate whistleblower.[13] The SWISS MEDIA credit Birkenfeld's act with affecting a sea change in Swiss banking.

After Birkenfeld's award, the Swiss newspaper Blick claimed, "Birkenfeld was a blessing for the Swiss financial industry," in that his revelations helped accelerate the industry's transition away from its reliance on "dirty" money by dooming the bank secrecy laws that enabled tax evasion.[14]" wikipedia.com

as I said, the industry collapsed from the inside out. And btw he started talking from 2005, it was a systematic collapse after that. clients started fleeing from offshore locations. If you profiting off dirty money don't blame to US for bringing the hammer

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ThisIsOurs 1 year, 11 months ago

agreed, all these fake paeudo-merican bahamian republicans keep repeating this republicans are good for the Bahamas nonsense. with 2 Iraqi wars and the 2008 financial crisis right in front of their eyeballs.

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ThisIsOurs 1 year, 11 months ago

sorry, but Trump gave the instructions to march on Washington. unless the giant lizards have sucked your brains out there's no tv spin that can alter that.

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GodSpeed 1 year, 11 months ago

Lizards? that's funny 😁 I bet you believed in the completely madeup Russia Collusion hoax that your fake news talking heads peddled for the last 4 years though didn't you 🤔

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ThisIsOurs 1 year, 10 months ago

no, that would be crazy. I believe the giant lizards are coming, just like the republican terrorist who blew up his rv with a selfmade IED in nashville 2 weeks ago

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GodSpeed 1 year, 10 months ago

Nah you definitely believed the phony Russian hoax lol. Of course you did, you're an MSM sheep. As for the bomber there was nothing linking him to any kind of political affiliation, nice try though!

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GodSpeed 1 year, 11 months ago

Trump didn't tell anyone to storm the capitol, "marching on Washington" is completely fine it's a free country, well it was anyway. BLM and Antifa burned America to the ground for months, murdered people, beat people in the streets, looted businesses, set buildings on fire with people inside them... you jokers weren't complaining then. And the leftists in the US government egged it on.

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ThisIsOurs 1 year, 10 months ago

"we cant take back the country with weakness we have to fight" said Trump riling up the angry protestors

"And the leftists in the US government egged it on."

Ah, so you do understand what inciting violence means.

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GodSpeed 1 year, 10 months ago

"we cant take back the country with weakness we have to fight"

😑 how disingenuous....I guess when you hear lawyers talk about "fighting for justice", you must think they mean doing karate.

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tribanon 1 year, 11 months ago

If John Christie were smart, he would be looking at the possibility of establishing a foot print for his realty firm in Cuba. A Biden-led administration will definitely be pursuing the opening-up of Cuba, un-doing all of what Trump has done and picking-up right where Obama left off. Mark my words.

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GodSpeed 1 year, 11 months ago

Establishing a foot print for realty in a Communist country? Risky move.

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Proguing 1 year, 11 months ago

Better to go in the tourism business with all the tourists Cuba will steal from the Bahamas

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jus2cents 1 year, 11 months ago

Don't worry Mr Christie, you will never been in a position to worry about US tax hikes, born with a silver spoon in your mouth, and selling off the nations gems like Lighthouse Point, seriously you will be ok.

You want the rich to stay rich we get that, but face the facts and be honest, you know the ultra rich 1% really should be paying the tax percentage that the middle class and poor have to pay. The mega wealthy will always be here, money is fluid, they may not all be your friends the republicans, but there will always be ultra high net worth individuals buying property in the Bahamas.

Don't worry, go sit in Lyford Cay and wait to sell off an island or two.

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proudloudandfnm 1 year, 11 months ago

They most definitely raise taxes on corporations and the wealthy, rightly so. And the Bahamas will be just fine.

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GodSpeed 1 year, 11 months ago

lol if you fools wants socialism why don't you just move to Cuba, or Venezuela or any of the other socialist shit holes where they eat out of the trash? You think wealthy people will just sit back and get taxed to death? They'll leave you here and carry their wealth with them. Didn't they make you read Animal Farm in school you fool?

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C2B 1 year, 10 months ago

Is that the one where the little MAGA farm animals fall for the greedy 1 term loser who said he was one of them? Then after telling them he will meet them at the Capital for the "wild" revolution, he stays home and calls for them to be arrested? That one? It's good I agree.

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GodSpeed 1 year, 10 months ago

No it's the one where the Dem Party ..uh I mean the Pigs, lead the Farm animals with beautiful promises of equality, social justice and free stuff from the Farm, telling them the Orange Farmer is bad and the cause of all their problems. Then BLM and Antifa farm animals burn, loot and pillage the farm for a full year until the Pigs take all power. Read it again and you'll know what happens next.

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proudloudandfnm 1 year, 10 months ago

Every country on earth has socialist programs. Including the US...

The happiest, healthiest and most educated countries on earth are socialists btw...

Just a little FYI for ya....

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GodSpeed 1 year, 10 months ago

Of course you could only be talking about the Nordic countries. Just one problem, the Nordic countries are not Socialist, they'll tell you so themselves, and whoever mislead you to thinking they are is a liar, probably CNN.

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Proguing 1 year, 10 months ago

Go to Venezuela and see for yourself how happy they are...

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Proguing 1 year, 11 months ago

Yes Robinette Biden will be a disaster for the Bahamas. Like Obama and Clinton, he will blacklist our Nation, like Obama he will open up Cuba. But first he will put the US in lockdown, which will dry up the few tourists coming here and create a new recession. Then he will hike taxes etc. I can’t see anything positive for the Bahamas with such an individual as President.

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ThisIsOurs 1 year, 11 months ago

Biden will blacklist our nation? We don't need Biden for thst. We been on every blacklist possible the past few years under Trump. Every nation is trying to find money from under a rock and they are all looking at offshore banking locations where their citizens hsve parked their money. And the Bahamas is an easy target. Biden has nothing to do with it.

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ThisIsOurs 1 year, 10 months ago

the way things are going we'll be lucky if we aren't building our own boats to get out of here

I notice you completely glossed over the ill treatment we've gotten under a Republican president. Businesses love lax rules. So do children. they get to do all the things they want and mess up the place with noone telling them they have to be responsible. Then comes the reckoning. It happens every single time. Wall Street highs under lax regulation followed by a dramatic bust. that's what republicans do for us.

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GodSpeed 1 year, 10 months ago

the way things are going we'll be lucky if we aren't building our own boats to get out of here

Sorry to break this to you but there won't be anywhere to run. America will be completely unrecognizable from the great country it was by the time the radical Socialists are finished with it.

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ThisIsOurs 1 year, 10 months ago

oh i was thinking we'd be running to Haiti for asylum

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Proguing 1 year, 10 months ago

The only new blacklists during the Trump Presidency came from the Europeans. We were not blacklisted by the OECD like with Obama. Please understand that without American participation blacklists carry little weight.

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ThisIsOurs 1 year, 10 months ago

Their action belie your words. Brent Symonette was on the next thing smoking to Switzerland trying to get the ruling reversed. And according to his account they basically had his contingent sitting in the hallway all day with no meeting ever had. Nobody does that if they dint see serious condequences coming.

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Socrates 1 year, 10 months ago

If fewer non bahamians buy land is no big deal except for the vulture realtors and lawyers with their unearned, glutunous percentage based commissions. These mafia stlye organizations artifically inflating real estate prices for fatter commissions.. i mean in Masons Addition you cant get a 1 bedroom 1 bath for under $200k..

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DWW 1 year, 10 months ago

Ah... sometimes read and blue look like the same hue to me, just like red and gold often seem to show very little contrast to each other.

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proudloudandfnm 1 year, 10 months ago

Banned from Twitter. Lolololol!

trump is done, no political future and no future for his businesses either. Lol. Trumpies can't afford trump resorts. Those who can overwhelmingly hate him.

Buh bye idiot, you have no one to blame but yourself. Dumbest, worst president in history, officially.... Lol....

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ThisIsOurs 1 year, 10 months ago

actually i wont count him out. these people are angry and trump is their rallyjng point. I suspect he's gonna make a good deal of money in the next few years fleecing these people who are willing to support his "reelection" campaign. He's gonna go on speaking tours and have sold out crowds watch and see. the danger isn't over in fact it could be more present sincd noone will be snle to.hold him to any rules of decency.

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GodSpeed 1 year, 10 months ago

Who cares about Twitter? Twitter and Facebook are for brainwashed 🐑🐏Trump goes back to the Billionaire lavish lifestyle with his supermodel wife, beautiful family, hundreds of businesses and billions of dollars. That's all that matters in this life. You on the other hand will be stuck in Biden's world, a Socialist dump 🤭

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ThisIsOurs 1 year, 10 months ago

who cares about Twitter? "Trump".

"model wife"

you guys are amazing. Melania don't want nothing to do with that man. y'all spewing all kinda fantasies

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GodSpeed 1 year, 10 months ago

If she didn't want anything to do with him she would have left him, no gun is to her head. And even if she leaves, what of it, he can get another supermodel wife with the snap of his fingers.

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Bobsyeruncle 1 year, 10 months ago

Hero worshipping, or what? Actually I can think of another more appropriate way to describe your adoration for this man, but it would get removed from this site. I've never understood how people can get so consumed by and defensive about a political leader. Saw the same with Obama too.

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GodSpeed 1 year, 10 months ago

Trump fought single handedly against the demonic globalist scourge overtaking America, that is admirable, however this isn't about Trump really, he's just the vessel. You say you don't get the love, what I don't get is all the hate. I didn't hate Obama, even though I disagreed with everything he stood for. I don't hate Biden either. "Trump Derangement Syndrome" is a real thing and I think the onset is jealously. I'm not a jealous person so it disturbs me greatly.

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Bobsyeruncle 1 year, 10 months ago

Yeah, I agree with you there. I don't get the hate more than I don't get the love. I can't ever remember a politician that I 'loved' or admired in all my life. I've just basically taken everything they say as lip-service, pandering to their 'people'. I tune them out as soon as they start their rants, just like I do with the wife, only she does it more frequently. It takes a certain type of person (maybe an egomaniac) to want to become a politician. Maybe that's why I don't get the love or the hate, because I could never be like that.

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ThisIsOurs 1 year, 10 months ago

Another funny thing about these people.. remember when they tried to run Biden's tour bus off the road? They had a caravan of white trucks with these ginormous flags storming the highway? You know what my first thought was? Gee, they look just like Al Qaeda, only the flag colour different. The actions are exactly the same

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GodSpeed 1 year, 10 months ago

How did BLM and Antifa look rioting, looting, murdering and burning the country down for a whole year? While Dems encouraged it by saying to defund police and their leftist activists masquerading as reporters in the MSM suppress it all as "fiery but peaceful". Do you know how many black people were killed during the 2020 "Black Lives Matter" riots? Did MSNBC tell you about that? Do you know BLM shot and killed an 8 year old black child after her family crossed their barriers they set up in the roads? Do you know they murdered multiple black police officers? Do you know Antifa and BLM shot into the vehicles of people who passed them on the street? Set buildings on fire with police inside them? Assaulted black female mothers in the streets as well as their kids because they support Trump? Chased people down in trucks like it's Mad Max to take them out of cars and beat them in the streets? Not to mention causing BILLIONS in damage and destroying Black businesses and living spaces? Known BLM and Antifa activist leaders like John Sullivan were in the mob that stormed the Captiol with Trump supporters too, dressed up like they were Trump supporters, gee I wonder why? Why would a bunch of known violent BLM and Antifa rioters infiltrate a Donald Trump event where all the supposed racists are? Then end up at the front of the mob inside the Capitol building 🤔

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ThisIsOurs 1 year, 10 months ago

i didnt read your entire text... but how did the destructive people look during the BLM parade look?They looked like the Al Aqsa Brigade. Unlike you I dont support foolishness because its "my side"

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ThisIsOurs 1 year, 10 months ago

I take it back. Al Aqsa walks around in pseudo military gear carrying high powered automatic weapons with their fingers on the trigger. Thats Trump supporters again!! I'll havd to find a more suitable parallel for BLM.

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GodSpeed 1 year, 10 months ago

Trump supporters are Patriots who love their country, similar to the Minutemen that fought the British to establish America as a country. That's why they carry US flags, support the right to bear arms and chant "U-S-A". BLM and Antifa are anti-American "useful idiots" who chant "F your Jesus", "Death to America" and "no border, no wall, no USA at all"... as they beat, loot and murder the people they say they want to protect.

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Bobsyeruncle 1 year, 10 months ago

I don't think it's only Trump supporters who are Patriots or fly the flag. Plenty of non-Trump supporters are, and do, as well. Beating, looting and murder have unfortunately been around forever. I don't think it's right to single out BLM & Antifa. It's not a new thing (Prohibition, Slavery, KKK, etc etc). All those things happened throughout history in America, and will continue to happen, and did just happen on Wednesday this week..

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ThisIsOurs 1 year, 10 months ago

you mean looting like the multiple photos of persons from the capital insurrection taking pics with items stolen from the capital? There are reports of computer equipment thefts as well. Give it up, theft is theft and murder is murder, no matter what t-shirt the person wearing or how much they claim to be "defending" America

And for your edification Al Aqsa love their country too! And they also believe anything and everything is justified in defense of it. There's no good end to any of this

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GodSpeed 1 year, 10 months ago

The news you trust supports foolishness because it's their side though, you should keep that in mind.

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Bobsyeruncle 1 year, 10 months ago

Works the same with both left and right side news. Although I wouldn't call any of them 'news' channels. More like cable opinion networks for D average educated Americans, who only want to hear what they already believe in so that it can reinforce their beliefs and alleviate their own insecurities

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GodSpeed 1 year, 10 months ago

Well I can't help but agree with you there. I don't watch any of them, I cancelled my Cable TV long ago. In my view they have zero credibility, this includes the AP which most people think is "unbiased". 90% of the the US media, everything you see, read, and hear coming out of that country including entertainment, is owned by just 6 corporations. With this it is easy to not give news, but propaganda serving the agendas of a few. One thing Trump did that all of his supporters will never forget, is expose the collusion of the news media and social media to suppress information. In order to stop Trump the leviathan exposed itself completely and anyone not caught in their web of lies witnessed it in awe.

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Proguing 1 year, 10 months ago

What would you do if someone stole the election?

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ThisIsOurs 1 year, 10 months ago

take it to court like Al Gore did. Your question is highly disturbing.

I certainly wouldn't pick up a fire extinguisher and bash a policeman's head in. He's dead btw. The policeman who got struck with the fire extinguisher. It would be good if the peace loving Trump supporters would give up the "antifa" murderer, one of them witnessed him causing grievous harm to a policeman, a US War Vet too. someone who put his life on the line to defend the US flag. despicable.

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Proguing 1 year, 10 months ago

Another pretty silly comment, nobody is arguing that it was right to kill that policeman. Trump called it a heinous attack. Compare this when BLM rioters killed David Dorn, a 77-year-old African-American retired police captain, who was fatally shot after interrupting the burglary of a pawn shop. The incident occurred during riots in St. Louis. No Democrat came out to condemn this killing. That's the difference.

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ThisIsOurs 1 year, 10 months ago

you are so full of it. Your question clearly implied that the only response was what happened that the mob was justified.

So I didnt hear this story about David Dorn so I looked it up

"(D) Missouri state Representative Chris Carter said in a statement that Dorn was his cousin."

There is no difference when angry mobs kill people

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Proguing 1 year, 10 months ago

Yeah sure and if Trump had been allowed to win the election, the Capitol would have been looted and burned down by BLM and Antifa and you would be cheering...

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ThisIsOurs 1 year, 10 months ago

as I told the godfellow, I'm not you, I don't support foolishness no matter the perpetrator. So you claimed that no democrat spoke up for Dorn, I did a cursory search and found that the state representative was Dorn's cousin and you immediately threw out the next strawman argument. Thats what these guys have been doing from january 6th, grasping at straw after straw to absolve themselves of responsibility... yeah... well look what Johnny do

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Proguing 1 year, 10 months ago

The only Democrat you could find was a totally unknown guy, black sheep of the family, Dorn's cousin??? Lol

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ThisIsOurs 1 year, 10 months ago

the Democrat I found with a 2min search happened to be Dorn's cousin. He was also the state rep. That means more than a couple people knew him. I'm almost positive if I spent double the time, 5 mins, I could find other democrats who knew the state rep who gave their condolences, this would be aside from people with common decency who don't like to see anyone murdered, it just makes logical sense. Nothing you post does.

you said "no democrat" expressed sympathy. Just pulled some wild asp guess out of your butt with literally zero effort to verify it then smeared it around liberally. As soon as evidence emerged that belied your statement you then made switched to some equally dumb straw man argument to redirect focus from your lie.

They found the video of your people beating officer Selnick to death btw. Once they identify the 30 or so murderers I guess we'll have rounded up all the "antifa" infiltrants

anyway Jim-Bob. Ibe wasted enough time on this clearly you can out-conspiracy theory all the logical sense in the world

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KapunkleUp 1 year, 10 months ago

Whoa. Things escalated really fast on this comment section!

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hrysippus 1 year, 10 months ago

The comments certainly did escalate fast I agree. The Amerikan Far Right successfully brainwashed millions using clever misinformation on social media and totally biased news media channels like Fox. Many are filled with an irrational rage and miadirected hate of any who do not share their views .The belief of the Trumpanzees is deep and unshakable; as is the case with any cult and its leader of brainwashed cult members. These misguided people need our compassion and we hope they can recover a normal intellect.

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Proguing 1 year, 10 months ago

Ok so if I understand correctly CNN is not biased and anyone that disagrees with your is brainwashed? Funny thing is that Fox did not support Trump, which says a lot about your post! Like Stalin, do you propose to send people who disagree with you to "re-education" camps?

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ScubaSteve 1 year, 10 months ago

This article is TRASH. If taxes get raised, Biden said it would be on households that make $400,000 or higher in income. Based on that, over 95% of the households won't have their taxes raised. Also, if you are lucky enough to fall within the "over $400,000 income group" having your taxes raised won't have any effect on your living standard or goals. You will still be able to go out and buy a piece of real estate in the Bahamas (if you so desire).

Now with that said, by far the biggest threat would be the Covid virus and it's effect on the overall global economy. That is a much larger threat than the prospect of slightly higher taxes on the ultra-wealthy.

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John 1 year, 10 months ago

One Day the Good Lord will send an interpreter to tell us exactly what Tal russel has been saying over the years. Or maybe its just food for the birds or messages for aliens who visit this planet from time to time.

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