What happens then? Right about now, you pay maybe 25% of your income for these basics — water, food, energy, air, and so on. Maybe more, if you’re relatively poor. But by then? Most of your income — easily upwards of 50% — will go these basics. The price of all these things will skyrocket, because there simply won’t be enough to go around. And having a steady supply of them will seem like a luxury.