4.Taxes have quite a way to go before exceeding the cost of a home. For instance,
if you bought a home for $40,0000 at 8% interest on a 30 year mortgage, you
would end up paying $104.386.20. Quite a hit,huh?>>>
The great majority of low-cost of living in USA (taxes, mortgages, interst rates, strong dollar) is subsidised by huge debt to foreigners
that invest here (Japan, Europe, Asia)
Since our trade-deficit will continue to spiral-out of control, it would take simingly minute changes where our reluctance to save for the future hit home with exploding deficits and inability to cut-down on lavish spending propelling interest rates and taxes, causing permanent recession and outflow of capital, making dollar dramatically loose its value, thus numbers that you posted in todays dollars would look like Great Old times...What would happen to your right to sue tomorrow? There will be no lawyer that would defend it on contingency..not much money...
As for other great Societies that suffered the same fate from Rome on..I am not lamenting, just stating Evolution, dramaticall accelerated in technological revolution of modern time.. |
