The economy is definitely suffering. But raising taxes certainly won't help.
Nope, sure won't! Increased taxes reduce peoples propensity to pay, thus adversely affecting sales, jobs and the GDP.
Increase taxes in such unstable economic times and hello recession/bordering on depression.\
What the World needs now, is love, love sweet love... er, sorry, got carried away for a moment. Seriously, overpriced goods and services need to be made more realistic. Take the greed out of pricing and and make everything more affordable so people can more widely spend to drive up sales, thus jobs and the GDP.
Oh, and a fair day's pay for a fair day's work for everyone... not just the upper echelon, who will no longer get 'self-awarded' bonuses and golden parachute payouts.
There's an old saying: "It's easier to get $1.00 from a million people than it is to get a million dollars from one person"... so how about everyone gets an extra dollar (or two) to plough back into the economy through better propensity to pay... gotta be better than letting it sit in fat cats bank accounts doing nothing, other than making them even richer via interest, etc.