youre totally right about the actual unemployment percentages and what kindof longterm effects outsourcing will have on the economy. what is even more scary is when the baby boomers (25 million people) who have been having their pension plans tied up in tax free shelters. by 2016 (at the very latest)they are required by law to pay the tax, so it will be a mass selling of stocks, mutual funds and what have you. there are not going to be enough buyers for all this and the stock market is gonna plummet. some predictthere's a very good chance we will have depression that will be worse than the 1929 one. also the babyboomers own a massive amount of equity in businesses, houses and plain old stuff... they are gonna be selling these within the next few years. the market are going to be overflowing with things that younger generations simply dont have the money to buy. at the same time this is happening, more people than ever before are aging and the cost of medical care will go up drastically. there's simply not enough money being earned and taxed by the upcoming generations to cover the cost. so the babyboomers are gonna have to get rid of their equity to finance their old age.
at the same time this is happening, more people than ever before are aging and the cost of medical care will go up drastically. there's simply not enough money being earned and taxed by the upcoming generations to cover the cost. so the babyboomers are gonna have to get rid of their equity to finance their old age.
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