"John Smith" wrote in message
...
James:

Gesus man, you are RIGHT ON!!!

Warmest regards,
John

"james" wrote in message
...
On Wed, 25 May 2005 08:12:20 -0400, Dave Hall
wrote:

Outsourcing is inevitable until the standard of living in the rest of
the world equalizes with our own.

It's not good news for us, but it's an unfortunate reality.
******

You will sing a different tune when your $60K per yr job goes to China
and your planned retirement of $120K+ dwindles down to $36K per yr.

Think who benifits from outsourcing?

Corporations. Why?

Consumers demand lower prices and Corparations are doing their best to
give the consumers what they want. Sorry but cheap prices can't go on
for ever. Once the world's cheap labor is exploited, consumer prices
will rise like a Proton Rocket.

What happens when there are no more cheap labor countries like China?
Can you spell double digit inflation??? How about 20% per yr for about
ten yrs. Maybe even longer or higher inflation rates.

Yes as the world's standard of living increases, so will inflation. I
forsee 10 to 20% annual inflation rates somewhere in the 2030 to 2040
time frame. By then the world will dream of 4% inflation rates.

Out sourcing is eventually going to drag the US' standard of living
down to the rest of the world's as their's rises towards. You can't
get something for nothing. In time the US will suffer. Prepare for
China owning more an dmore of teh US debt and consequently the US'
economy .


james


Hello, James

I don't know how much of the world will see huge inflation, but I will
guarantee we, in the United States, *will* see it if the huge deficits
aren't corrected.

Taxes are going to have to rise (actually, at the local level they are -
sales tax, fees, etc.). Ever notice the "FCC fee" on your telephone bill?
Eventually, they are going to have to tap the wealthy (including the capital
gains), but if they wait too long, it will be too late. My guess is that if
the Republicans loose some elections, the Democrats will raise taxes (which
should have already been done, considering the deficit). Then, the
Republicans will have new ammunition for the next elections.

Regardless, the Federal deficit, in my mind, is the most dangerous thing for
the United States at this point in mind (closely followed by the current
administration).


73 from Rochester, NY
Jim