Agree totally with this post.
If I was still young today, I’d be totally opposed to another government plan that would make me pay more to subsidize older Americans wants/needs. We already have Social Secuity and Medicare that massively do that; now we are going to tax younger American’s even more through forced medical coverage to subsidize medical care for older American’s who are not yet on Medicare.
The different rates charged for life insurance is a good example. Another is car insurance rates which are normally much higher for younger people, particularly those under age 25. Young people should demand ‘nationalized car insurance’ with everyone paying the same regardless of your driving experience and history. For once, that would be a plan that shifts resources from old to young.
Virtually all the wealth in this country is already held by people over the age of 50. American’s under 50 as a group are net in debt. Yet we continue an assinine system of tranferring more and more money from the young to the retired and elderly. Which in turn causes more and more problems with families and child rearing, more and more reliance on grandparents/parents subsidizing their children longer in life, and far fewer financially independent citizens.
