Read the whole thing here.Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of spending and regulatory burdens imposed by government on the federal, state and local levels.
Cost of Government Day for 2008 is July 16. Working people must toil on average 197 days out of the year just to meet all costs imposed by government. In other words, the cost of government consumes 53.9 percent of national income.
To clarify: the title is excerpted from Act 1 of Shakespeare's Love's Labour's Lost. The full quote goes: "Light, seeking light, doth light of light beguile; So ere you find where light in darkness lies, Your light grows dark by losing of your eyes." It's a warning against spending too much of your life in scholarly pursuits.
Day By Day
Wednesday, July 16, 2008
Happy Cost Of Government Day
Tomorrow you have the bureaucracy's permission to start working for yourself.