So what would be your solutions? I have many people in my sphere that have worked hard all their lives at low wages..because that it is all they could do. But provided valuable service. They couldn't build up a retirement fund. They were trying to get by. Not everyone can invest in a 401K/IRA.
And speaking of 401/IRA or investments...I can't help but wonder if the Feds won't come after those as well. What will you say then?
To begin with, the responsibility lies in the family - the native contract between generations. Those without family to care for them are next cared for by the church, and failing that, the county. That is how it has traditionally been handled.
And taking the responsibility away from the children may be a convenience to them, but as in all things, inevitably erodes their liberty.
Bounty is not what's on the table, but what's around the table. There is nowhere an elder would be more welcome and more loved than at the head of that table.