Suicide to protect family wealth

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Here in the UK its becoming impossible for the average young person to buy a property, along with their now mandatory student fee's debt, and the falling wage in an inflationary world, Houses are even further away.

It might seem fortunate that our parents worked hard to buy a property they can pass on for the future of their offspring, but even this the Government is determined to take back for their Capitalist masters, as if inheritance tax wasnt enough, they now want people to sell their homes to pay for care accommodation when they are to old to look after themselves, with the average weekly fee being over £500, somebody is making a lot of money from the care of the elderly and they want all their assets to pay for it.

Some have thought to "cheat" the system by signing over their property deeds to their children, but the councils are wise to this and investigating such practices, :- http://www.dailymail.co.uk/news/article-2466361/Councils-spy-parents-sign-house-children-Blitz-families-avoid-care-home-fees.html

So a certain Petrie Hosken has claimed that in order to safeguard her possessions to pass on to her children, she will kill herself before requiring care, https://audioboo.fm/boos/1672060-my-last-gift-to-my-children-will-be-to-kill-myself

It's not actually mandatory to go to university.

As far as house costs go, I find it odd that the UK government's planning to deal with the problem by offering high (~6%) mortgages to people who can only afford a 5% deposit. Unless they intend to lower the cost by flooding the market with foreclosed houses... a lot of that debt is going to go bad (especially since people will be having to take out long mortgages, because if they can't afford a decent deposit, they're not going to be able to pay ~10% of the house cost each year), but in the meantime will trigger yet another boom, driving up prices even further...

Anyway, back to the topic. Ah yes, some woman claiming that she'll kill herself if she has to sell her house. Well, there's always the option that her kids could pay for her care and use the house. Or she could sell the house to her kids at an affordable price. Suicide is rather stupid.

But, £500 a week? How much will that actually be covering the cost of what the individuals need? But I don't know how else people propose covering this alleged £26k/year bill. Maybe benefits, maxed out should cover it. If the government can find enough money. But you did say average, so for some people that will be a lot more, others a lot less? I presume they own their home, no? Rented out, could provide significant amount of required funding? Good market for rentals. No-one can actually afford to buy a house.

Hmmm. Alternatively, could use tech. Should not be too difficult. Must draw up list of requirements. What sort of care are you needing? What are main costs? How much can be automated? AI needs no salary. Waste of nurses time wheeling patients around when chairs can be intelligent and not demand money.

No its not, but unless you're already born into a family of means, then without a degree its somewhere between difficult and impossible to get a professional level salary and climb the social ladder.

Not really... you can become an engineer without a degree. There are plenty of good jobs that you don't need a degree for.

What do they mean by average when they refer to graduates salary, anyway? There are a few high paying jobs which you need a degree for, but those aren't in the majority.

You can become an engineer without a degree? How is that possible - you have to know stuff.

Really? Apparently none of my local employers got the memo.

Around here if you don't have a degree you're f****d. Its either the benefit office or the call centre.

You don't actually I have go to university in order to know stuff. Yes, I know, it's hard for people to comprehend that, but I know a couple of guys who aren't going to university. One's working/apprenticing at an engineering firm, and the other has been going to college to become an electrician, but it's a course that doesn't mean he'd be limited to household work, but possibly civil engineering projects too.

I also know a guy who's qualified as a navigation officer onboard a ship. He's 20, didn't go to university, and qualified for a job that would see him being put 3rd in command of a ship. A position which is, by the way, quite well paid. Better than most gruaduate jobs, certainly.

So no, university is not mandatory. But if you flood the market with a load of graduates, then you're going to affect it, definitely...

Nambo, out of curiosity do you know what the malpractice insurance costs are for doctors?

I ask because I know a big part of the cost of operating for so many practitioners is elevated greatly by that and because of it they have to turn and raise their prices for everything. I've often wondered whether plaintiffs and their lawyers should receive punitive damages and whether punitive damages, where appropriate, should be directed somewhere else to keep people from becoming hospital slip-up multi-millionaires.

I know that we're on the threshold in the US of seeing a major change in how care is done with the Affordable Care Act. Cleveland Clinic, one of the largest providers in the country is cutting back 20% of its workforce, many smaller hospitals who are around the area will be merging with University Hospitals largely because they claim greater autonomy than with Cleveland Clinic however they are doing so because they can not afford to continue on their own with the new legislation.

The thing that confuses the heck out of me is this - what creates the situation to where hospitals are barely making it, have to merge in to a mega-corp hospital to survive a greater shift to medicare/medicaid pay, but at the same time end of life care costs enough for the hospitals to take everything a person has earned as a nest egg?

I agree something absolutely needs to be done here because I hate seeing these people who've fought to save something for their kids feel inclined then to jump off a bridge or peel off a turn at 80mph all because they got diagnosed with cancer, alzheimers, or something else that they know would financially take everything from them and their children. I'm not sure how much of it is low medicaid/medicare input vs. how much of it is exorbitant malpractice insurance or whether there's a whole other factor not being addressed.

Erm, this is talking about Britain...

No I dont, I think over here the NHS gets sued rather than doctors, but I could be wrong.
I remember after my bike accident, nurses were telling me I should sue the doctor, the way I looked at it though was, sure, he hadn't done a brilliant job, but whereas my leg had been hanging off, it was now attached, and I was grateful for that.

Humans will never be perfect, even doctors, I worry that the compensation culture will make doctors so rare that people will be left to die instead and would that be a good thing?

Some farmers that were going broke and about to lose the family farm rigged accidents so they would get killed,then the family would get the insurance and be able to keep the farm.Sorry,I can't remember the source for this.

Here in the States, putting the old folks in a "home" will run you about ten to fifteen thousand dollars a month.
So yeah, there's nothing left pretty quickly.

I still want to know how people intend to pay for end of life care if people don't sell their houses. How many people are we talking about? What cost per person?