Review & Outlook: David Cameron's Tax Puzzle - WSJ.com
Its sort of the difference between tax and income scientists and alchemists.
Socio-economic alchemists like Obama believe in certain policies and hope they will result in the desired outcome. In that view, higher taxes and more regulations don't affect economic behavior, growth, jobs, etc. - because they just 'shouldn't'.
Reality strikes but alchemists sound so good to socialists and populists.
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