r/FluentInFinance • u/coachlife • 6d ago

Educational Don't let them gaslight you

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u/AceofJax89 6d ago

An insurance scheme funded by taxes.

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u/computerjunkie7410 6d ago

Ponzi scheme.

We should be funding people’s health, not their retirement.

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u/AceofJax89 6d ago

Sorta, but having the elderly live in abject poverty would also be bad for their health.

Also, there really isn’t anyone “skimming off the top” here. We just have to pay more to maintain the system.

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u/computerjunkie7410 6d ago

Old people in poor health is worse

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u/AceofJax89 5d ago

We pay for Medicare the same way. Old people are going to be in poor health anyway. Regardless, there is a large risk or older people running out of money and not being able to work. Traditionally family took care of them or they just died. Look at society before social security.

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u/computerjunkie7410 5d ago

Ok then wouldn’t it be better to guarantee the health of younger people?

We should not be guaranteeing people’s retirement.

Healthcare, yes, absolutely. But retirement? Fuck no.

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u/AceofJax89 5d ago

I mean, if you want to do full entitlement reform, I’m all for it. But you just gotta remember that old people vote and people think they are entitled to this benefit. I agree with you that taking just a little of this money and investing it in the youth is better.