- Banned
- #1,061
Once more I'll answer, again numbered. You'll note that these are the same answers provided above.
1) Families used to live together.. I like that better than paying parents to die alone. Folks that run out of money and can't / don't want to work should turn to family. Such as retiring to live with their kids.
2) Folks should be given their money back, that they paid into SS and Medicare, so they can invest and spend their money as they wish. For example, give everyone in the USA a cash check to a 401k in payment for every dollar that was paid into SS minus every dollar that was paid to them directly. (just to add, in case they run out of money, see number (1) above, folks can get a job to earn money, and can seek welfare from charities.)
Why would you assume that the people paying for their parents, and the charities that you seem to love to live off, would be any cheaper than SS and Medicare?
A. I did not claim it would be cheaper. Why would I want my parents to live a spartan life in retirement?
B. Retirement is not cheap. People need and deserve more income in retirement than they get from the current system of SS / Medicare, which is ridiculous considering that the system broke and insufficient. Why? Because they spent it on shovel ready government fat, instead of investing it for profit. Governments / Politicians are the last people we should trust with our money.
Both you and your parents are perfectly free to supplement their SS and Medicare as much as you'd like. The object of those programs are to insure that people who work have saved enough of their earnings when they worked to take care of their minimal needs when they can't.
Both SS and Medicare are required to invest their surplus in US Treasuries, generally considered the safest investment in the world. This crap that the government has stolen the surplus is merely the work of cheap politicians and their ignorant following.