2 ms·
Sure. But in our society that “trustworthy end-of-life management service” is going to realize that it can achieve better returns by abusing seniors’ finances (
by matthewdgreen 2y ago
Sure. But in our society that “trustworthy end-of-life management service” is going to realize that it can achieve better returns by abusing seniors’ finances (or else lookalike services will pop up.) This is the pattern with most debt management companies: they take vulnerable people and upsell them on high-interest consolidation loans.
You either need strong societal values that can stop this (and a business structure that keeps reasonable people in control) or a government that legislates to stop it. We currently have neither in the US, which is one of the reasons we’re in this jam.
- ThrowawayR2 2y agoFirstly, is that worse than letting individual scammers prey on the elderly which is what is happening now? Authorities already can't keep up with finding and prosecuting each of these individual cases. For an institution, there's at least some small hope of scrutiny and eventual accountability for crimes. Secondly, there can be institutions that are trustworthy enough. There are nationwide scale banks in the US that I could name that have an unsavory past reputation but there are also ones I could name that don't. It's not impossible to make an end of life management business that the public can feel safe in hiring.
- matthewdgreen 2y agoI am simply pointing out a risk. Everything you do to make things better can be corrupted, and you need to take enormous steps in advance to counteract that.