I sent him an e-mail yesterday morning and just laid it out and how it personally would affect OUR family. Money would not be flowing as freely in the family (not that it flows all that freely anyway) but his plane trips from there to here paid for by mom and dad would be nonexistent, that Christmas cash he counts on every year would be curtailed and those little "loans" (which are never paid back) would be few and far between, if ever.
I told him those weren't threats or punishments - just merely the facts of dealing with the realities of an economy where money is taken from the rich and given to the poor. I told him all of our retirement planning would have to be reworked and golly gee, there might not be as much money left for him in our wills. He's an only child.

His major is communications and he's got a pretty good chance of getting a job either in TV or radio. I told him that those businesses would be affected as well. People would not be able to afford advertising and revenues for radio and TV stations would be down and they might not be ble to afford to hire people.