The true cost of end of life care
1. Is already socialized in many western countries
2. Impacts human capital allocation in countries
3. Requires other people’s children to take care of you. If there are no kids, society stops functioning.
4. Will continue to rise in price as there are fewer young people
When you consider that most old people do not fully fund their retirement even with existing subsidies, you can see that this is an odd proposition.
Some people’s work will be valuable enough to offset their end of life care. It will be an increasingly smaller number over time given trends.