tag:blogger.com,1999:blog-8524070301101240472.post8699850833070832129..comments2023-09-28T08:13:11.489-07:00Comments on Only In It For The Gold: The Worst Noel: Celebrating RecessionMichael Tobishttp://www.blogger.com/profile/08229460438349093944noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8524070301101240472.post-38230094548715601642008-11-21T14:36:00.000-08:002008-11-21T14:36:00.000-08:00I agree with your sentiments that we need to stop ...I agree with your sentiments that we need to stop growth but, from what I can gather, it is necessary for a stable capitalist economy. <BR/><BR/>I am quite willing to live next year with an income 10% lower than this t year, but that is not the way the system works. The 10% saving that has to be made is not equally shared. 90% of the population take no sacrifice and the remaining 10% become unemployed (and lose their homes.) <BR/><BR/>Even if you introduced a tax where everyone lost 10% of their income, the subsequent reduction in spending would drive many marginal businesses to the wall, creating a snowball effect which would also lead to unemployment.<BR/><BR/>Perhaps Obama has the answer, but I fear he will not live up to my expectations.Alastairhttps://www.blogger.com/profile/15152292130415788120noreply@blogger.com