BTW - if they are successful at taxing assets, what is to stop them from taxing the year end value of your car, house, land, portfolio? Wait until they succeed in raising capital gains taxes and discover they just taxed their own retirement incomes. If taxation is not totally fair for everyone the assets will leave the country, just like the boats.
Nothing will stop them! My dearly departed friend and talk-show host Ron Smith said "If your individual vote really counted, they wouldn't let you do it!" Ron was a pretty smart guy.
Unfortunately, The People's Republic of Maryland is about 80-percent, registered democratic voters. Consequently, when it comes down to election time, it's very rare to NOT keep the old school politicians in office. They sincerely believe that if they pay more they will get more, which in the history of the world, has never been the case. Yep, we have to take money from those rich folks and give it to the poor folks--that will make everything right.
One problem, though. The richest folks in Maryland tend to be registered, card-carrying, democrat politicians. They tell us "We feel your pain!" Ain't it amazin' how the folks that tell everyone that they are on the side of the average blue collar worker, fighting for the rights of the poor, all seem to have incomes of over $1-million annually. Funny thing about that.
And, do you think that for one minute they will give up a single penny of their ill-gotten gains? Not a prayer!
Yep, palm trees, sugar colored sand, gin clear water and warm temperatures just seem to look a lot more appetizing these days.