What’s more, points out Steve Blitz, chief U.S. economist for TS Lombard, some investors can look elsewhere if they don’t like the U.S. tax landscape. “I can trade anywhere in the world and markets can open up anywhere in the world and I can just move my money offshore,” he said.
Market maneuvering aside, Blitz thinks there are bigger problems with, as he puts it, “this idea of ‘I’m gonna tax this activity to pay for that.’”
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