THE horns have sounded and the hounds are baying. Across the developed world the hunt for more taxes from the wealthy is on.
The horns and the hounds sound quite gloomy, and indicate that advisors should be taking action sooner than later on their clients' tax planning.
But advisors and wealth managers I talked to this week about Obama's tax plan were not so worried. In fact, most seem to be taking a wait-and-see approach and don't even believe the proposals will go anywhere.
So is the magazine's cover over-exaggerating or should the industry turn more attention toward this issue? Only time will tell. In the meantime, look at those wealthy run!