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Pretty sure we’re all being milked for profit. Thats kinda how this whole thing works.
by rco8786 1y ago
Pretty sure we’re all being milked for profit. Thats kinda how this whole thing works.
- thisisnotauser 1y agoMaybe that's bad?
- rco8786 1y agoPossibly, but it's been the human condition ever since currency was invented.
- vdupras 1y agoI think that saying this is a convenient cover up of the shortcomings of our own culture. I really don't think that in all of human history, there's been no culture having a more healthy relationship with their elderly. I'd even wager that it's pretty easy to find counter-examples.
- ryandrake 1y agoRetirees are more likely than not to have built up at least a small pension or 401(k)[USA]: money sitting there earning interest and capital gains. You don't think the Aging Industry is going to just sit around and not try to grab as much of it as they can? They are going to do their best to ensure the system is set up to let them harvest those accounts dry.
- stouset 1y agoI would wager that’s exactly what the GP thinks. It was pretty clear to me they think the entire system is set up so that anyone with needs is milked to extract the maximum possible amount of money.
- rco8786 1y agoI mean that's just trivially true right? For profit corporations are designed to maximize profits, therefore they must try to maximize the amount of money they extract from their customers.
- gtowey 1y agoAnd now you know the entire reason the US is consumed by political chaos. A rational society would be regulating those corporations to ensure they act in the public best interest at least some of the time. We're seeing the result of what happens when we are 50 years behind on that. And the current administration is generally rolling back regulations all over. Think of the money at stake and it will become obvious that our current situation isn't mere happenstance. The chaos is a deliberate smoke screen -- perhaps not exactly planned by the current administration, but orchestrated by the oligarchs behind the scenes.
- spwa4 1y agoAs opposed to public companies? Come to Northwest Europe and you'll find a very similar problem: elderly in homes, so incredibly understaffed that there simply isn't anyone to pick up someone who falls for hours. These days every few months there's a new "accident" reported in these places. They have been destaffed to dangerous levels. Apparently last months' issue was that the administration was wrong. A room that had an elderly person was registered as empty, but had an old lady inside. She starved to death because she was unable to leave the room and "didn't call for help" (probably didn't call loud enough).
- throaway5445454 1y agoprison life
- rco8786 1y agoI'm not prescribing a solution nor passing any judgment. Simply making an observation. It's an incredibly difficult problem with no perfect solution.
- 1y ago
- rco8786 1y agoYea again, that's not different than anyone else with any other amount of money. For profit corporations are designed from the ground up to separate us from our money (or "milk" if you will). In reading the article, it doesn't seem to me that anyone is being taken advantage of any more than all of us are when we walk into a shopping mall, open amazon.com, or buy a home.
- deleted 1y ago[deleted]
- philipallstar 1y agoIndeed, and not when you do work in exchange for 100% profit.
- notmyjob 1y agoOften by weaponizing elderly narcissism and exploiting cognitive decline in a quasi-legal fashion.
- RajT88 1y agoEveryone wants to grab whatever seniors have. I've seen it. Children and other family squabble over the assets even before they pass. You'll see neighbors talking senile/demented seniors into giving away their stuff, or selling it for a silly low price (like a truck for a dollar, or my one neighbor asking my other neighbor for a free fishing boat). Then there's the scam calls...
- mrguyorama 1y agoThe current elder care industry is optimized to ensure neighbors and children will have nothing left to fight over. Give it not too much longer, and someone somewhere will make it so debts will be inherited, and then we can all be milked even harder.
- ModernMech 1y agoThat's the fun part about all of this. Boomers bought their houses for $30k in the 80s and today they're worth $3M. Sounds like they are set up comfortably for retirement and their millennial kids, who are pushing 40 and haven't been able to afford a house yet, are in for a nice inheritance. Wrong! Because while their house is worth $3M, it will be fully leveraged to pay for the cost of their deathcare. Mom and dad will die broke in a retirement home, and your inheritance will be paying for their funeral out of your own pocket.
- jerlam 1y agoParents gotta transfer all their money to the kids, and then apply for government assistant because on paper, the parents have no money.
- ryandrake 1y agoLook up Filial responsibility laws[1]. They're always looking for legal ways to sponge up that wealth. 1: https://en.wikipedia.org/wiki/Filial_responsibility_laws https://en.wikipedia.org/wiki/Filial_responsibility_laws
- jrs235 1y agoHow does that work? If the parents live in a filial state but the children don't?
- ryandrake 1y agoYea, reverse mortgages are yet another underhanded scheme to harvest what remains of the elderly's wealth. Some CEO somewhere said "Well, we've already found a way to drain their health savings, their retirement and pension... what else can we get our hands on?" and poof! The Reverse Mortgage! They're not going to stop until they make debt inheritable, so they can soak the next generation before they even retire.
- ModernMech 1y ago
- IAmBroom 1y agoNihilistic sarcasm makes you sound cool and knowledgeable! /s