Raising taxes is the last thing we should do amid the weakest economic recovery since World War II. Unfortunately even if we avoid the full 'Taxmageddon' scenario President Obama's health care law also contains a new surtax on investment that will take effect in 2013.
Now it is time to turn to an older wisdom that while respecting material comfort and security as a basic right of all also recognises that many of the most valuable things in life cannot be measured.