Tax-Raisers Lack Compassion | Richard W. Rahn | Cato Institute: Commentary

Tax-Raisers Lack Compassion | Richard W. Rahn | Cato Institute: Commentary: "even though nearly all agree that involuntary unemployment is harmful to the individual and society, many policymakers are willing to accept it rather than focus on what can be done to prevent it."

"President Obama and his Democratic allies like to say they want to return to the Clinton-era tax rates (actually, they are proposing higher rates, given the additional taxes from Obamacare), but they leave out the fact that federal spending during the second Clinton administration was just 18 percent of GDP, not the current 23 percent. The empirical evidence (contrary to left-wing dogma) shows that economic growth and job creation slow as government gets bigger.

Those who support politicians whose policies are almost certain to produce low growth at best and then claim they care about the physical and mental well-being of the unemployed are either ignoring the historical evidence or are hypocrites. They are not compassionate."