Dear Jack, Katie, Luke, Will, Tess, Elle, Anthony and Tye,

My entire generation owes you an apology. But, I can speak only for myself when I say I regret to inform you that you are going to get a hulk of a tax bill by the time you celebrate your 20th birthday.

I know you are still too young to understand, but while you are having fun chasing bugs and butterflies, the people who make laws in this country are playing pretend and saying they want to help old folks pay for some of the medicine they take to feel better and live longer.

The very awful thing about this is that your Grandpa and Grandma and millions like us don't need this help ... and many of us don't even want it. About 75 percent of seniors already get medicine paid for with Medigap, Medicaid, Medicare+Choice, public assistance, employee retirement plans, and discount drug programs sponsored by the big companies who make the drugs.

These lawmakers are called Republicans and Democrats, and they voted to pass what is called the Medicare Modernization Act. What all that really means is the government is going to spend a lot of money paying for what most seniors can afford to pay for themselves but, some being selfish, would rather have someone else pay for.

That "someone else" includes people like your Mom and Dad. Why should they have to pay for someone else's medicine? It's called a "wealth transfer," like you getting two dollars for doing your chores and then having the big kid next door take one dollar away, leaving you with only one, maybe.

Problem is, as Mom and Dad get older, the taxes they pay won't be enough and the money will run out. That's sorta like spending your whole weekly allowance on Monday and having no money left for the rest of the week. So, just like you ask for more allowance, the government will ask you to for more money, and it will be a lot. Right now they say it will cost $400 billion just to get the prescription drug plan up and running.

It Gets Worse

In the 10 years after 2010 the bill will be about $700 billion. Soon after that, you will have your own careers but you will be so heavily taxed you may not be able to afford a house, a car and you can forget about the Gameboy. You might even not be able to take a long vacation or raise a family of your own. I'm sorry, I apologize--but it's not my idea!

Here's a little secret, so don't tell: While seniors make up only 12 percent of the population, we own more than half the financial and real estate assets in the country. Not only can most seniors afford the private insurance that pays for their medicine, many seniors can even afford to pay cash. This new Medicare giveaway is not what most of us need. The money you will pay in taxes to fund it is something you will need in the future.

Hunting Bugs with a Bazooka

The folks who really need our help are those poor seniors and some very sick people who cannot help themselves. You all know we should share our toys and help those with no toys. The same goes for money.

A drug discount card subsidized by government and given only to poor seniors would work better to help the folks who really need it. So would greater publicity and awareness of all those private-sector drug discount cards and patient assistance programs. Lots of people don't even know they exist.

There is also a very serious mistake in the Medicare law. Sometime in the years ahead, senior citizens who have employer-provided medicine insurance may lose the benefit because some employers will save money by letting the government do it.

When that happens millions of seniors like Grandpa and Grandma would be forced to accept government-run Medicare. This is how government gets people hooked on giveaways so they have to keep voting for more giveaways. It's like people who use drink too much and can't stop.

You can help fix this very bad social plan by calling or sending a letter to the people in Congress telling them to help just those folks who really need help and stop messing with your future.

They will listen to you because politicians will do anything "for the sake of the children."

Tell them this is their chance to prove it.