posted on Mar, 5 2008 @ 09:47 PM
First of all, realize that it's not just the gas prices, it's almost everything. Here in Florida, a bag of 150 foam plates was around 5 dollars and
now its about 12.
To tell you the truth, I think that the gas prices are reasonably manageable. Suppose your annual household income is around $50000 before taxes. Then
you pay some mortgage, taxes, utilities, entertainment services, everyday needs; you still have a rather decent amount left over. Maybe $10000. (I
remember a few years ago a typical person in the US saves about 5% of their annual income).
I believe that Americans are having a better life than the rest of the world no matter what. In China, the average annual income is rather low, some
where between 10000 Yuan to 20000 Yuan. For example, a liter of gas costs 15 Yuan, a kilogram of ribs is 85 Yuan, a wearable article of clothing will
be around 200 Yuan. This doesn't include education fees (50000 Yuan for a K-6 education) and housing. In countries like France, the income tax is 53%
the last time I checked, and Europe's gas prices are way higher than the US. However, the French and the rest of Europe are able to manage it to a
Here in America, people are just not used to all this change because not many people have experienced life in other countires. In my oppinion we
should not worry, because even if it costs $4000 a year in gas, there is still plenty of money left for other things. There is NO good reason to buy
the latest gadgets, there is NO good reason to eat at the restaurant every week. There is NO good reason to watch every concert there is. There is NO
good reason to order HBO and NBA TV. It is totally plausible to live without extraneous luxuries.
Nowadays, we slowly see that gases prices have risen about 100 to 300 percent over the past 5 years. We can cope with it, one less IPhone or one less
HDTV is not going to kill you. Save some money for your children's college tuition, save some money for your retirement, and save a few hundred bucks
to cope with the gas prices.
[edit on 3/5/2008 by die_another_day]