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Subject:  Re: Unwritten Rules of Wage Slavery Date:  2/1/2000  5:28 PM
Author:  bmullens Number:  2844 of 794372

We work longer for a number of reasons not the least of which is the fact we work to pay taxes until about the middle of May. I computed it last year. Including property taxes, auto registration, tollway charges, sales tax, etc., I lose about 56% of my gross income to taxes. Thankfully, I am able to shelter a huge portion of my earnings. I am, however, forced to live well below my means to dodge the taxman (which is probably a good thing in terms of retiring early).

I think another contibuting factor is the lack of job security we have today. Our parents went to work after college or high school and stayed at the same company (or changed jobs once, maybe twice in their career) until retirement. After retirement, they could count on a nice pension and Social Security to prop up their nest egg. Companies today "churn and burn" employees and replace high wage earners with eager college grads at bargain prices. I don't think companies value their employees much these days.

Technology, which is supposed to be making our lives easier, makes it impossible to "