Ultimately we will all adjust to the outcome of the election, but the inane fiscal cliff drama just becomes noise. Like many of a similar view I am tired of the debate between sides with very little difference.
Whether rates go up or deductions go down makes very little difference to me, personally. Most others in the economic target area will be less fortunate. Those who are able will move income into 2012 and expenses into 2013. Forward thinking companies will serve their shareholders by moving dividends into 2012 to avoid the certain hike in 2013.
Rather than burden ourselves with the Fiscal Cliff Drama Part IV, we who have other purposes and interests in our lives, will seek to make politics irrelevant. Whatever passes we will just adjust our lives, our income, our spending, and our interests to minimize any negative impacts.
Higher tax rates will not yield higher income. There are enough postings on this blog alone with such examples, but such facts and history will not impact those that choose not to accept them.
The growth in government as a percent of our GDP and the endless regulations will only stifle growth.
Some sectors will do fine and others will not. Inflation will help certain sectors of the economy more than others. The government class and those who seek to benefit from government programs will grow.
The election came down to a test of wits between the economic incompetents and the politically inept. The politically inept lost.
What follows should surprise us little.
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