In the eyes of the government, taxpayers aren't tapped out unless they are taxed 100 percent. Maybe even more, government (local, state and fed) just don't care. They'll take all our money without thinking of the consequences.
Let me clarify. Government will take what you own, beyond taxing what you make. They'll create ever more taxes in order to confiscate your holdings. That's how they will tax more than 100 percent of earnings.
The total picture is out of control. One example....because of federal regulation and environmental standards, the sewer and water bills are spinning out of control. They used to be a mild annoyance to be paid every quarter. Now they’re escalating, every year, with no end in sight. Add to that local budgets for road repair. Around here, almost all the state allocated money goes to questionable new projects. Meanwhile, roads and bridges crumble.