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This 81-year-old still works at Home Depot to support herself and her 90-year-old husband
(www.businessinsider.com)
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That's why you don't give out money, you subsidize what people need in their age - rent, mobility, care. You can't make wrong decisions with money that is bound to services - it also means whatever comes, they are neither threatened by homelessness nor isolation. But that would be socialism, and we know how the US thinks about that, regardless of consequences like letting old people die in the streets.