Here come the Democrats and there goes the stock market

I work at a brokerage that has about 150 clients, almost all of whom qualify as high net worth investors. Since the last election we've all joked about the Republicans losing all reins of government, the appearance of the nanny state, and what will happen to American initiative. All conversations included a paragraph or so of stock liquidation. Until last week this was all talk. On Thursday last three of our clients began slowly liquidating their stocks with the intention of being out of the market within a month. The talk is rampant, but so far it's mainly talk. So far...

The main problem with taxing wealth excessively is that wealth can move. These guys are all a keystroke or a signed document away from being residents and citizens of Dubai or any one five or six other countries. It CAN happen here; unlikely but a possibility.