No. of Recommendations: 6
I still do not understand the great concern.

It depends on how and where you invest.

If all your investments are in tax deferred accounts, more than likely its no big deal. So you lose a little money from your savings dividends.

Someone like myself (and many others), are able to max out our retirement accounts and save for retirement in a taxable account. So you increase/double, whatever the dividend and cap gains rate, you delay my retirement.

Besides, I've never seen a government (local, state, nor federal) that has wisely spent a tax increase. If it all went to the debt, I'll squeal a little less. But more often than not it goes to some pet program.

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