Tax Hikes and 2011 Collapse

[The Rabbi]

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

 

[Baruch Menachem]

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.