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Dr Strangelove
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quote: Originally posted by Sikander
There are several issues here that could stand to be looked at. Firstly, why are we taking money from all of the other generations to subsidize the wealthiest generation? Children suffer from poverty (at least in the U.S.) much more than the elderly do, and are even less capable of taking measures to protect themselves from privation. Why transfer wealth from their parents and give it to the elderly? | The earning potential of the elderly however is in the long run much more ismal than that of young people. Once they retire their personal worth is not going to grow, it's gradually going to diminish. Though the average life span of an American may be about 72 years, if you live to 65 you have significantly more than 7 years of life expectancy. It also takes more money to maintain the life of an elderly person; those medical bills add up very quickly. Finally, I might add that a very large number of children are also on one form of welfare or another.
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Secondly, why are we continuing to rely on a government pension system that is so vulnerable to demographic trends, and so reliant on population growth? Wouldn't it be a lot safer and more stable to have everyone put away money for their own retirement? Even if this was a government managed program it would be a lot more stable.
| You mean like IRAs? Would you like to know what the stock market has done to my "savings" in the past two years? Why should we ask private citizens to subsidize the defense funds of corporate CEOs? Maybe having a comparitively secure retirement fund like SS actually encourages people to risk some of their personal funds in the private sector, i.e., help CEOs stay out of jail.
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Finally, the same generational arguments apply to medical programs for the elderly. The recently passed expansion to Medicare is a vastly larger financial commitment than the war in Iraq, the "war on terror", and the profligate spending by congress in general these last few years put together, yet the "debate" is all about how high congress is going to jump when the senior lobby tells them to. | The demand for prescription drug benefits has been around for more than twenty years, yet Congress hasn't so moved an inch. You call that leaping?
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The truth is that medical care for children yields vastly more dividends than medical care for the elderly ever will. In the first case proper medical care may protect a child from having developmental problems, and thus ensure that the child will be productive for their whole adult life. Medical care for retirees is much more likely to be expensive, and rarely produces anything tangible for society except in the negative sense of prolonging the drain on both the pension system and the medical system. The bottom line is that we all have to die sometime. Trying to prevent this is like trying to approach the speed of light. You may be able to put death off a bit longer, but the costs rise exponentially the closer you come to the end of life. If you want to spend your own money on this, fine. But don't ask everyone else to pay for you. |
If your kid needs medical care there is a program out there to help him / her. Children are not being denied care because all the money is going to old folks.
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Space05us
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quote: There's a certain irony in one complaining about others receiving support from public funds in their twilinght years when he's choosing a career path which will mean other taxpayers will be paying his way for his entire life.
Remove the plank from thine own eye.... |
Im not complaining about people getting money from the government, Im complaining that they arent earning it, and if by the time Im old I wont get the same treatment then why should these people get it?
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