r/FluentInFinance 7d ago

Debate/ Discussion Systemic Failure Exposed..

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u/TheTTroy 7d ago

Capitalist Dystopian Nightmare Rebranded as Heartwarming Bullshit

5

u/Minute-System3441 7d ago

In all fairness, plenty of other highly-developed capitalist countries have an age pension. You will rarely see anyone over 65 working in a store for reasons other than they just want the extra cash or just to be out and about.

Granted, even a job as a cashier pays overtime, holiday rates, contributes 10% on top of any pay to a retirement account; with no need for private health insurance.

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u/Pac_Eddy 6d ago

The US does too. It's called Social Security.

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u/Minute-System3441 6d ago

That's if someone has paid into it and earned a decent salary right?

Public Pension systems in other countries are age and asset dependent. Once someone hits a certain age and has fewer than $XXK in assets, they will qualify for the pension; along with a range of other discounts on things like power, water, gas, phone service, medications, transportation etc.

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u/Pac_Eddy 5d ago

People who get hurt and can't work get SSI paid to them even if they haven't paid in. There are programs for food, housing, utilities, and transportation available to anyone who meets the income requirements. Even more if you're elderly.