Tax Hikes and 2011 Collapse

Discussion in 'Economy' started by The Rabbi, Jun 7, 2010.

  1. The Rabbi
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    The Rabbi Diamond Member

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    From Arthur Laffer. He makes a great point: THe "rebound" we've seen is largely driven by people sheltering income from higher taxation next year. This sets us up for a double dip recession next year.
    Mitch Daniels: Hoosiers vs. Crony Capitalism - WSJ.com
     
  2. Baruch Menachem
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    Baruch Menachem '

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    Interesting point. The economy, while no longer in free fall, is still kind of sickly. And tax shelter investments are the worst kind of bad news for the economy.
     

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