Stop Global Economic Malpractice | Richard W. Rahn | Cato Institute: Commentary

Stop Global Economic Malpractice | Richard W. Rahn | Cato Institute: Commentary: "Politicians tend to like bigger government because it gives them more power — so they have a natural inclination to try to increase taxes rather than cut spending. The problem is the type of tax that does the least damage to economic growth and job creation is a tax on consumption that hits everyone. Politicians know the greatest chance of public approval for a tax increase is aiming at relatively few people and, particularly, people who can be characterized as evil — such as "the rich." "