Another argument for the 10K "birth benefit" account proposed by Tres Sec Snow that can accumulate interest over a persons lifetime...and to which they can contribute.
Level playing field at the start, people will be responsible for their own care when they retire, and it takes full advantage of the miracle of compound interest.
Estimated cost 40 bpy, versus some 700 bpy for medicare alone.
"Another argument for the 10K "birth benefit" account proposed by Tres Sec Snow that can accumulate interest over a persons lifetime...and to which they can contribute."
That is a good idea as long as the funds are not held in a "trust fund" like social security. In extreme cases, the government or some mechanism may need to step in, but that would seem to cover most people adequately enough over a life time.