Thursday, September 15, 2011

To Obama - How to get over the risk of recession

With the threat of a recession, every tom, dick and harry potter is giving 'expert' advice to Obama. And so, why not me too?

Actually, this is a suggestion that I sincerely believe will help any country.

I haven't read exactly what Obama's plans are but 2 things caught my eye - that there were tax cuts and jobs created. I don't know any further detail than this.

My suggestion is this...along with the tax cut must come a mandatory 1 hour community service. Put another way, people can choose one of the two options - pay tax or do community service. I don't know if any government in the world is making the community service mandatory - there are only tax to be paid.

There is just 2 things in economy (excuse me, Nobel Laureates in Economics :D). Earning and spending. People can contribute by 2 ways - by service and by charity. If this is the case, why not give an option to the citizens to choose which way they want to contribute? To give you an example, I don't have money to pay taxes (My bank balance is Rs.2000 and I intend to keep it that way since I believe that money has meaning only when spent in useful ways, but that is another story). Just because I don't earn enough to pay taxes doesn't mean that I can go scot-free using all the services that the country gives me. Why should only the rich folks pay and not lazy bums?

According to the presented plan, where are you going to get the money to pay for the jobs created? You can't say it is a case of Robinhood stealing from the rich to give to the poor - there are too many honest, hard-working and rich Americans who deserve every penny or million they make while there are an equal number of poor people who are willing to work but don't know how. On an average, an American volunteers for 50 hours/year which comes out to be an hour a week. While Americans perhaps contribute the most in volunteering in NGOs compared to the rest of the world, the statistic can easily change from 1 hour / week to 1 hour / day (perhaps excluding weekends and holidays). There is one more great benefit out of this. The average Joe will start working for the good of everyone for the first time in his life and find that it is not bad after all - I'm one average Joe saying this. There are other benefits from volunteering like finding new friends, developing new skills etc.which you can read elsewhere on the net.

When Mahatma Gandhi asked Indians under Imperialism to boycott foreign clothes, he didn't just leave them naked - he brought in the Khadi handloom movement that employed the Indians who made their own clothes to be really independent.

Give an option to pay the taxes or do community service - some will choose the taxes while others will choose community service but in both the cases, the country made up of these same people will move in the right direction.