qwerty007 – what’s the difference if by raising taxes Obama gives the benefits from that money to people who have done nothing to work for it?
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Firstly, we don’t know that he will raise taxes. He’s going to inherit an enormous problem, and he may find raising taxes in the near term is politically imprudent. Many people feel the markets have failed, as a result of laissez faire economics, and that the few squeezed the many fraudulently, and are putting it down to Republican style economics. I rather doubt there are many people in the US who have first hand experience of socialism, and I would include Obama in that number. Tax is always unfair, and we all hate it, but it has become a necessary evil. How it is apportioned really boils down to your world view, philosophy, and morality. However, in the US I would not cast a vote on this issue as it is tiny in comparison with the really pressing issues, such as the economy, energy, social welfare and health, and global warming. It’s getting closer to that hour when we need to put our selfish differences behind us, and realize that the very real problems over the next twenty years are only going to be solved by consensus building and sacrifice. For all those who toiled hard and resent the enforced charity to those who they feel didn’t, maybe need to swallow the pill. This is not about socialism, or any other idealism. We need a man of the hour, and my guess is as good as yours whether Obama is that man. Let’s hope so because that’s what the odds say.