Obama Re elected
I have always been Obama's admirer. Not because I share his skin color but because of his basic qualities of head and heart. Social concerns are difficult to implement as they cost money and will be resisted by the affluent upper class [it will mean more taxes]. Spending money on welfare will necessarily mean more taxes and who will pay more taxes? Those who can afford to pay. The upper economic group. Many who belong to this group will have reached there after hard struggle and naturally will grudge the government who will ask them to pay more taxes to look after the less privileged.
Is there no other way to raise money other than taxation? There is. Our basic living style has to change. The way we now live encourages consumption and wastage. If we consume less and thus spend less we will improve savings and an economy based on savings is better than an economy based on borrowing and increased taxation. If there is less consumption what about production and what about job creation? Won't we have increased unemployment?
Difficult questions to answer. But watching wasteful living indulged by many just because they can afford,I am convinced that less consumption is the answer.
I hope USA is better off with Obama and democrats.