(thanks Jim Stewart)
Ever since Obama came out and tried to compare the taxes that Warren Buffett pays to what his secretary pays he's tried to fool the public. The 15% that Buffett was taxed was on CAPITAL GAINS, not the federal tax that he ALSO pays (making Buffett's total tax liability closer to 50%).
So, with that in mind, the investors (fearing Obama was looking to raise the capital gains tax) are fleeing and taking their money with them.
Way to go Barry Sotero!
Global Meltdown: Investors Are Dumping Nearly Everything - CNBC
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