Boys, here is just a quick aside on today's economic realities and the ways in which Mom & Dad are trying to prepare for your future. The effects of computer technology, which began changing the world in our childhoods have greatly accelerated the pace of economic change and so we hope we are doing a good job of preparing for your future. Here are a few charts:
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| The cost of education and healthcare have risen dramatically which means we are trying to save as much as possible for your education and also keep abreast of other options such as online education and alternate career development paths. Also, we are trying to educate ourselves about healthcare and healthy living so as to minimize the amount we spend on healthcare. |
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| Another effect of technology is the way it has greatly increased the productivity of individual workers while not leading to concomitant increases in wages. Much of the economy consists of low wage jobs and so we are trying to make sure that you have a good education and will be able to access jobs with higher wages. |
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| Lastly, technology has made it easier for corporations and banks to grow across international boundaries. This recent expansion of global banking and corporate business has led to a 'financialized' world where small population of shareholders are reaping great profits while the vast majority (99%) of the rest of the world have become mired in debt and so-called 'debt-servitude'. Mom and Dad are trying to save money for you and also educate you about the many ways in which a person can become mired in too much debt. |
We want you boys to understand information technology and the related economic realities of the world you are going to enter and so thought it would be good to let you know that we are planning for a future where (a) taxes will be very high, (b) education and medical care will be very high (c) easy credit and other financial debt servitude traps will be lurking everywhere. Educate yourselves using free resources where ever possible. Take good care of your health. Keep your costs of living as low as possible.
