Crashing stock market could be good for Washington – New York Post

I know it sounds crazy, but one thing that would certainly help the federal budget deficit is something no one wants to happen: a crashing stock market.

The stock market bubble has people up to their ears in unrealized capital gains.

They’ll be quick to sell and pay tax on those gains when stocks start to collapse, putting their gains in peril.

So, Wall Street’s pain will be good for Washington — at least for a while.

This Article Was Originally From *This Site*

Powered by WPeMatico