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What is really happening with the Fiscal Cliff at the end of 2012?

April 26, 2017FinanceFinance

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Anonymous Posted

What is really happening with the Fiscal Cliff at the end of 2012?

1 Answer

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Jenny Black Posted

Definitely nothing good is happening with the fiscal cliff. Looks like the US government is about to face same consequences as France is facing today. The wealthy are moving their assets, change citizenships after tax jumped to 75% (with our fiscal cliff it is 72% now, not a big difference, huh?). I am not sure what is going to happen with spending cuts. In case they are to be managed correctly, then it will be for our good only. If not, then we are going to meet a lot of new problems. So basically, a lot of experts describe this fiscal cliff as disastrous. Unfortunately personal finances have not been mentioned in it (like paydayloans for example)