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Social security and Medicare can't go bankrupt. They're transfer programs, not savings accounts.
by diordiderot 5y ago
Social security and Medicare can't go bankrupt. They're transfer programs, not savings accounts.
- mellavora 5y agowhat happens if the transfer in is substantially less than the transfer out?
- mountainb 5y agoWait 'till you hear what rich boomers are doing with Medicare avoidance trusts!
- diordiderot 5y agoWhat!?
- mountainb 5y agoYeah, the government pays for absurd amounts of advanced health care using even advanced experimental drugs if you put all your assets in a Medicare avoidance trust. The states chip in too. My mother's a multi-millionaire who spent most of her life as a non-working investment banker's wife and she's getting Cadillac brain cancer surgery and huge amounts of incredibly expensive drugs for free from the government, thanks to the magic of paying an accountant.