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RE: The Coming Generational Storm

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RE: The Coming Generational Storm
by Shannon at 3:14 pm EST, Feb 16, 2004

Jeremy wrote:
] In 2030, as 77 million baby boomers hobble into old age,
] walkers will outnumber strollers; there will be twice as many
] retirees as there are today but only 18 percent more workers.
]
] How will America handle this demographic overload?
]
] How will Social Security and Medicare function with fewer
] working taxpayers to support these programs?
]
] ... we'll see skyrocketing tax rates, drastically lower
] retirement and health benefits, high inflation, a rapidly
] depreciating dollar, unemployment, and political instability.
]
] But don't panic.

]
]
] If the American workers don't have jobs, what will be taxed?
]
] Perhaps we can tax the Indians to pay for the boomers'
] prescriptions.

At least that would be consistant.

RE: The Coming Generational Storm


 
 
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