- W. Somerset Maugham, in Strictly Personal, ch. 31 (1941)
The tipping point will come when:
1. A critical mass of the American people realize they're screwed financially, and suffering is all they have to look forward to. Their salaries contract, each dollar saved or earned buys less. Their retirement accounts, if they have them at all, are halved. Every day more of us know this is true...
And,
2. For every tax dollar paid there is no net benefit--they pay for debts incurred by others, against the taxpayer's will. Government services are scaled back or end altogether. Every day more of us know this is true...
And,
3. Enough people realize that their financial ruin has largely to mostly been secondary to the central bankers and the government in which they had so much faith...this will be the contribution of the Austrian School of economics plus the free Internet. Every day more of us know that this is true...
My awareness of my economic peril is what turned me from a neocon into a libertarian and continues to turn me into whatever I am becoming...I evolve as the circumstances dictate.
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