Yeah, but you can add another bimbo to the list.
This is the Laffer article Rush is talking about right now:
Excerpt:
In 2010, without any prepayment penalties, people can cash in their Individual Retirement Accounts (IRAs), Keough deferred income accounts and 401(k) deferred income accounts. After paying their taxes, these deferred income accounts can be rolled into Roth IRAs that provide after-tax income to their owners into the future. Given what’s going to happen to tax rates, this conversion seems like a no-brainer. The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment have been bad lately, you ain’t seen nothing yet.
Tax Hikes and the 2011 Economic Collapse
Today’s corporate profits reflect an income shift into 2010. These profits will tumble next year, preceded most likely by the stock market.
By ARTHUR LAFFER
http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html?mod=googlenews_wsj
Also posted by me in the live Rush thread on 6/11/2010 here:
http://www.freerepublic.com/focus/news/2529399/posts?page=293#293