News Link • Economy - Economics USA

Tipping Point?

08-25-2014 • http://www.lewrockwell.com, By Eric Peters

It's bad enough (but still tolerable) when they take 35 percent of your income, but the remainder is sufficient to provide for the necessities plus some extras. When you can still comfortably indulge occasionally. But what happens when your income drops by a third or more ? and they're still taking 35 percent? Or more? And when the cost of necessities ? gas, for example ? has doubled during the same time?

All of a sudden, you find you're working harder and longer for less. You notice there's not time for much outside of work. Mainly, you'd just like to get some sleep - and now sweat the cost of groceries. Indulgences are a memory. Your stuff has become a burden(rant on that here).

I added it up recently.