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"We're attracted to the smaller managers and you run into the smaller managers locally," says John Boone of Belmont Global Advisors, a family office in Dallas.A few optimists expect a gradual hedge-fund migration from New York and Connecticut to Texas as states hike tax rates.
In the first place, there are no plans to hike tax rates, just to do the loophole closing tax reform stuff that Romney and Ryan ran on the last election cycle.
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It was politically cheaper to hike taxes than reform Greece's expensive and grossly inefficient bureaucracy.
The Left-Greens want to hike taxes to pay for welfare and education.
And, predictably, Mr Romney is now getting grief for having claimed he didn't hike taxes in Massachusetts.
But it's not like I was out to hike taxes on anyone because I don't like the industry.
What if the economy grows more slowly than he is predicting: surely, he will then have either to abandon his spending plans, borrow unsustainably or hike taxes?
Meanwhile, politicians openly say they want to hike taxes on oil firms.
Japan has recently set in motion plans to hike taxes and cut spending, thereby putting at great risk a very tenuous recovery.
Hike taxes on the super-rich.
He promised to hike taxes, and spend the country out of financial mediocrity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com