How brutal is that?
Then throw in all the other taxes, sky high every rising food costs, rent, insurance etc., etc.
They are done.
Where there’s a will there’s a way, but many will just throw up their hands and fall into the ever-expanding safety net, which benefits Obama.
Those who continue to work in low paying positions while attempting to remains self sufficient will end up on scooters, which is something I’ve witnessed here over the past couple of years. They’ll end up in combined households, whether that’s renting rooms out in their own houses or ending up doing so in someone else’s. And they’ll end up relying on private charity in the form of church food banks and aid societies, when monetary emergencies strike. That will happen more and more.
It can’t continue for long, in other words. Something will give. Whether it’s favorable to the existing trajectory or a rejection of it, that’s the big question.