{"id":4834,"date":"2012-07-10T21:16:29","date_gmt":"2012-07-11T01:16:29","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4834"},"modified":"2012-07-10T21:16:29","modified_gmt":"2012-07-11T01:16:29","slug":"laffer-increasing-taxes-will-cause-a-double-dip-recession","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/10\/laffer-increasing-taxes-will-cause-a-double-dip-recession\/","title":{"rendered":"Laffer: Increasing taxes will cause a double-dip recession"},"content":{"rendered":"<p>Art Laffer of Laffer Associates warns that attempts to increase taxes on the top 2% of earners will drive the economy back into recession: \u201cThey employ everyone else, invest capital and provide the economic recovery\u201d he said.<\/p>\n<p><a href='http:\/\/video.cnbc.com\/gallery\/?video=3000101378'>http:\/\/video.cnbc.com\/gallery\/?video=3000101378<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Art Laffer of Laffer Associates warns that attempts to increase taxes on the top 2% of earners will drive the economy back into recession: \u201cThey employ everyone else, invest capital and provide the economic recovery\u201d he said. http:\/\/video.cnbc.com\/gallery\/?video=3000101378.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[224,2072,2880,3338],"class_list":["post-4834","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-art-laffer","tag-larry-kudlow","tag-recession","tag-tax-hikes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Laffer: Increasing taxes will cause a double-dip recession - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laffer: Increasing taxes will cause a double-dip recession - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Art Laffer of Laffer Associates warns that attempts to increase taxes on the top 2% of earners will drive the economy back into recession: \u201cThey employ everyone else, invest capital and provide the economic recovery\u201d he said. http:\/\/video.cnbc.com\/gallery\/?video=3000101378.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/10\/laffer-increasing-taxes-will-cause-a-double-dip-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-11T01:16:29+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/10\\\/laffer-increasing-taxes-will-cause-a-double-dip-recession\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/10\\\/laffer-increasing-taxes-will-cause-a-double-dip-recession\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Laffer: Increasing taxes will cause a double-dip recession\",\"datePublished\":\"2012-07-11T01:16:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/10\\\/laffer-increasing-taxes-will-cause-a-double-dip-recession\\\/\"},\"wordCount\":50,\"commentCount\":13,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"Art Laffer\",\"Larry Kudlow\",\"Recession\",\"tax hikes\"],\"articleSection\":[\"Economy\",\"US &amp; 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This is part of a wider trend with President Obama targeting the wealthy in his election campaign, promising to raise taxes on incomes in excess of $1\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12207,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/19\/currency-manipulation-and-its-distortion-of-free-trade-a-b-laffer\/","url_meta":{"origin":4834,"position":1},"title":"Currency Manipulation and its Distortion of Free Trade | A B Laffer","author":"ColinTwiggs","date":"August 19, 2015","format":false,"excerpt":"Extract from Arthur B. Laffer's paper on currency manipulation: ....Successful currency manipulation inhibits the exchange rate from acting as an automatic stabilizer to macroeconomic events, and thereby leads to growth and trade imbalances. Currency manipulation has therefore, in part, inhibited the world from fully recovering from the financial crisis. For\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"GDP growth rates","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5592,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/26\/if-you-want-to-soak-the-rich-keep-tax-rates-low-international-liberty\/","url_meta":{"origin":4834,"position":2},"title":"If You Want to \u201cSoak the Rich,\u201d Keep Tax Rates Low \u00ab International Liberty","author":"Colin Twiggs","date":"September 26, 2012","format":false,"excerpt":"by Dan Mitchell I\u2019ve pulled evidence from IRS publications to show that rich people paid a lot more to Uncle Sam after Reagan reduced the top tax rate from 70 percent to 28 percent........ The United Kingdom saw similar dramatic results when Margaret Thatcher lowered the top tax rate from\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12223,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/22\/chinas-dangerous-currency-manipulation\/","url_meta":{"origin":4834,"position":3},"title":"China&#8217;s dangerous currency manipulation","author":"ColinTwiggs","date":"August 22, 2015","format":false,"excerpt":"I am surprised at John Mauldin's view in his latest newsletter Playing the Chinese Trump Card: ....This whole myth that China has purposely kept their currency undervalued needs to be completely excised from the economic discussion. First off, the two largest currency-manipulating central banks currently at work in the world\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Foreign Reserves","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":501,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/29\/how-the-economy-quietly-entered-a-recession-on-friday-and-why-the-gdp-predicts-a-sub-zero-nonfarm-payroll-number-zerohedge\/","url_meta":{"origin":4834,"position":4},"title":"How The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number | ZeroHedge","author":"ColinTwiggs","date":"August 29, 2011","format":false,"excerpt":"What is just as important is that ..... the YoY change in real GDP, which is now at 1.5%, is a slam dunk indicator of recession: \"Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It\u2019s hard to argue against an\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6415,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/09\/mobius-no-global-recession-on-the-cards\/","url_meta":{"origin":4834,"position":5},"title":"Mobius: No global recession on the cards","author":"Colin Twiggs","date":"December 9, 2012","format":false,"excerpt":"Franklin Templeton\u2019s Mark Mobius sees central bank balance sheet expansion as saving the global economy from recession in 2013. http:\/\/youtu.be\/4f3Rl6aBQmc","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/4f3Rl6aBQmc\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4834"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4834\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}