>How do you justify that especially if one can't contribute much to society anymore and maybe didn't raise kids on your own?
Interesting point. I do think it is kind of insane that like 70% of our government money goes to old people. Investing in the past instead of the future? Meanwhile everything else is getting cut, because SS and medicare are "mandatory" spending. The reality is that these old folks did not pay high enough taxes and save enough money to justify the money going to them now. Younger generations are getting pillaged.
That’s a pretty gross and ignorant perspective. Try reading a little less Paul Ryan.
Apropos to Medicare, I live a block away the president of a local hospital and healthcare network. I remember just before COVID, he drove by in his Porsche and waved, on his way to go on TV to complain about reimbursements from Medicare falling (because the quality of care in the the hospital sucks) and that state government was “killing” them by reducing an increase in Medicaid.
Meanwhile, he makes $30M for what should be a $200k/year civil service job, is in the middle of a massive, unnecessary hospital expansion, funded by Medicare dollars, and cut the salaries of nurses 20% to be “fair” to the employees of a small hospital they purchased with a big infusion of people debt.
America has deep issues to solve in this domain.
This sounds like a sci-fi movie to people in other countries
... and the other countries are not perfect either.
It will take some kind of amazing leadership to solve which could be a long time coming if current climate is any indicator.
Interesting point. I do think it is kind of insane that like 70% of our government money goes to old people. Investing in the past instead of the future? Meanwhile everything else is getting cut, because SS and medicare are "mandatory" spending. The reality is that these old folks did not pay high enough taxes and save enough money to justify the money going to them now. Younger generations are getting pillaged.