Not socializing these costs means externalizing them. Should we all chip in to take care of this very social issue or should we just accept the costs in the for

Not socializing these costs means externalizing them. Should we all chip in to take care of this very social issue or should we just accept the costs in the form of living in a dysfunctional society with all the ramifications of huge numbers of poor elderly folks? We bear the costs as a society one way or the other. It seems what you're saying is: you just wish every elderly person just had a wealthy enough family that could comfortably take care of them. But that's completely useless fantasy talk.