Featured StoryFrom the Editor: If you've seen Michael's new briefing, you know why we can't get enough of his research. Today, he gives you yet another reason his subscribers have been able to make so much money. This is one of the greatest secrets of investing. It's a strategy that I developed during my 34 years in Silicon Valley. And it will let you tap into some big, big profits for a modest amount of effort. In fact, this very cool approach to high-tech investing will uncover a bushel of double-digit winners that your friends, co-workers, and others you talk stocks with have no hopes of finding. Today we're going to perform a bit of high-tech detective work - peering into the shadows of Silicon Valley for profit opportunities most investors don't even know exist.
And I'll even identify the four double-digit profit plays that my sleuthing has already uncovered.
Are High Taxes About to Make Silicon Valley Pack Up and Leave?
California Governor Jerry Brown is at it again.
He's cut a deal with the teachers' unions that would take the top rate of state income tax from 10.3% to 13.3%.
If passed on the November ballot, that would increase taxes on the top tier by a hefty 29%.
Since that would be the highest rate in the nation, it begs the question: How high would taxes have to go before Silicon Valley's zillionaires decided to make the great escape?
It's a very important question considering the condition of California's state budget.
After all, the Facebook IPO alone is expected to produce $2.5 billion in state tax revenue over the next five years. What if high tax rates set in motion the law of unintended consequences?
Like in the late 1990s when dot-com revenues enabled the state to go on a massive spending spree.
Not long after the tech bubble burst, the sudden budget crunch that followed in 2001-02 caused Governor Gray Davis to be recalled in a referendum.
It's a different set up this time, but the results could be the same.
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