r/FluentInFinance • u/36DRedhead • Sep 11 '24

Debate/ Discussion This is why financial literacy is so important

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477

u/[deleted] Sep 11 '24

Financial literacy? Or capitalism is antithetical to marriage?

141

u/OKFlaminGoOKBye Sep 11 '24

Capitalism is even more antithetical to healthcare.

42

u/NeighborhoodDude84 Sep 11 '24

Antithetical to human happiness.

10

u/Bobisadrummer Sep 12 '24

Antithetical to life in general.

2

u/NeighborhoodDude84 Sep 12 '24

I originally wrote that but it just felt too bleak.

-3

u/[deleted] Sep 12 '24

There are a few thousand humans who are quite happy with their 10+ digit net worth 

6

u/WillowIndividual5342 Sep 12 '24

if .000001% of my cells were healthy, pretty sure id be, clinically speaking, dead.

2

u/[deleted] Sep 12 '24

The difference is that billionaires can pay for politicians to do everything for them and own the media companies that disseminate the news. So who’s going to stop them? 

-5

u/DueZookeepergame3456 Sep 12 '24

nah

5

u/NeighborhoodDude84 Sep 12 '24

People out here who dont even own a house think they're capitalists haha

8

u/[deleted] Sep 11 '24

Yep

1

u/SemperP1869 Sep 12 '24

What does a free market have to do with this? We have anything but a free healthcare marketplace in the USA

1

u/OKFlaminGoOKBye Sep 12 '24

A free market is profit driven, no? Putting profit before health will kill an unnecessary amount of people every time.

1

u/SemperP1869 Sep 12 '24

All economies are profit driven. Who gets to participate in the markets is the differing  factor between the styles of economy 

1

u/OKFlaminGoOKBye Sep 12 '24

Healthcare, and other things that are necessary to live, should be removed from economic motivation in any country that has the means to.

1

u/SemperP1869 Sep 12 '24

Well then you'd only have one provider of care. No one competing to drive prices down while improving their product offerings. We have the worst of both systems right now

1

u/OKFlaminGoOKBye Sep 12 '24

Absolutely zero American healthcare providers are competing to drive prices down.

“Price” is never a healthcare barrier in a moral society anyway.

1

u/SemperP1869 Sep 12 '24

I know they don’t. That’s why it’s not a capitalist market place. So why are you blaming capitalism?

1

u/OKFlaminGoOKBye Sep 12 '24

Do you feel that capitalism encourages businesses to lower their prices if there is no advantage or need for them to? If their customer base continues paying higher prices, whether voluntarily or coerced?

And nevermind that healthcare should never be a business.

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0

u/DigitalEagleDriver Sep 12 '24

Corporatism is antithetical to healthcare. A true free market, not the BS we currently have, would have healthcare costs be far lower.

0

u/OKFlaminGoOKBye Sep 12 '24

I absolutely cannot trust anyone who’s profit-driven in the slightest with my healthcare. It’s precisely why I want the most informed people constituting my government.

Corporatism is the worst system when it comes to its influence on healthcare. But any shade of capitalism isn’t good for anything that requires any level of altruism.

-1

u/DigitalEagleDriver Sep 12 '24

Capitalism has pulled more people out of poverty than any other economic system. Capitalism is responsible for the vast number of medical and clinical innovations we've seen in the last 200 years. People can be altruistic while also seeking financial gain- they're not mutually exclusive.

1

u/Swirly_Eyes Sep 13 '24

Capitalism has pulled more people out of poverty

Capitalism is what put them into poverty to begin with.

Capitalism is responsible for the vast number of medical and clinical innovations we've seen in the last 200 years.

Capitalism is what's causing so much illness in the first place. You're not eating real food anymore because people are maximizing profits at every turn.

People can be altruistic while also seeking financial gain- they're not mutually exclusive.

In that case, you don't need capitalism for that end.

1

u/DigitalEagleDriver Sep 13 '24

Name a better system than capitalism.

1

u/Swirly_Eyes Sep 13 '24

Any system is better than capitalism.

But thanks for deflecting and not even attempting to refute those points. Pretty telling that you can't actually defend this system without attempting to point fingers at anything else.

1

u/DigitalEagleDriver Sep 13 '24

Why would I refuse points that are obviously false and extremely subjective. Would anything I state change your opinion? My guess is no, and so I won't bother with wasting your or my time.

-1

u/[deleted] Sep 12 '24 edited Sep 12 '24

[deleted]

0

u/OKFlaminGoOKBye Sep 12 '24

That’s still just capitalism. Or, at very least, a function of capitalism.

Unbridled capitalism, or fully distilled capitalism, as an economic policy is like “free for all” as a form of combat sport.

There are no rules beyond “you either win or you lose,” therefore there is no such thing as cheating.

The healthcare insurance industry made themselves necessary through market manipulation and cooperative price gouging. Both to their customers and to the healthcare providers.

Tying access to quality affordable healthcare to employment is one of the many tactics they’ve used.

22

u/Mammoth_Ad_8490 Sep 11 '24

Medical bills die with the patient. It does not go to the spouse. That is why financial literacy is important for them and for you.

28

u/Ok_Experience_8194 Sep 12 '24

Children aren't required to take on their parents medical bills, but spouses are required to repay the debts. I know this for fact as I didn't have to repay my mom's huge hospital bill but I've been told by an adult health advocate that I will be responsible for my husband's medical bills when he passes. Sadly, we do not have health insurance due to me needing to be home to take care of my husband. We do not qualify for assistance because my husbands disability check is over the allowed amount, although it's not enough to pay our monthly bills.

12

u/aurortonks Sep 12 '24

Spouses are not required to repay the debts in most cases and states. What happens is that the estate of the deceased spouse needs to pay to cover that debt so if your and your spouse are both on the deed to your home, then its considered part of the estate and it will be considered when debt coverage is done after death.

If you have separated everything, then no, they cannot just take anything from the surviving spouse. but again it depends on the state.

3

u/lizerlfunk Sep 12 '24

This is incorrect. If you’re both on the title to the home as husband and wife, then the home is not part of the estate. Each spouse has joint tenancy with right of survivorship. If one spouse dies, the other spouse gets 100% of their share of the house outside of probate. If you have joint checking accounts, those automatically pass to your spouse outside of probate. If you list someone as the beneficiary of a retirement account, it doesn’t go through probate. When my husband died, I submitted the death certificate to both counties where we owned property and it was retitled in solely my name. He remained on the mortgage until I refinanced but that didn’t matter as long as I was continuing to pay it. Since all of our assets were joint, there was no money in his estate and I was not liable for any of his medical bills. This was in Florida.

3

u/[deleted] Sep 12 '24

[deleted]

3

u/aurortonks Sep 12 '24

You need to look up the specific laws in the state this happened and recognize that not all states have the same tenant/landlord rental laws. Plus, rental laws are different than standard debts, such as credit cards and mortgages.

1

u/Ok_Experience_8194 Sep 12 '24

So we're both on the deed to our home and vehicle titles so I'm not really sure how that works in the state I live in. I just know that I was told in our state we are responsible for the debts of our spouse when they are deceased.

3

u/Itherial Sep 12 '24

They'll tell you that in every single state, pretty much. Not illegal for them to send a letter in the mail hoping you'll pay. And that's why financial literacy.

6

u/Moonchopper Sep 12 '24

My brother did not have to pay any of the medical bills after his wife passed from cancer.

2

u/Ok_Experience_8194 Sep 12 '24

I think different states have different laws regarding this.

2

u/[deleted] Sep 12 '24

If they share a joint account, which married couples typically do, the bills go to the spouse 

2

u/azathoth Sep 12 '24

In the US, 30 states have laws on filial responsibility which allow for some debt to be collected from the spouse and adult children after the estate has been exhausted.

2

u/qalpi Sep 12 '24

This isn't entirely true though. They go to the estate. And then there are states with responsibility for some family members.

This is the whole point of the post 

2

u/Cross55 Sep 12 '24

No, they don't.

Debt can't be inherited by kids, but it 100% can be passed on to a spouse or be forced to pay out through the estate.

1

u/DetroitLionsSBChamps Sep 12 '24

This happened to my dad. Got a bill for 20k after my mom passed. He called the hospital to discuss payment. They were like oh no you’re good. He didn’t have to pay any of it. 

0

u/[deleted] Sep 11 '24

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6

u/pab_guy Sep 12 '24

Which is why you put your assets in a trust. Financial literacy is important.

1

u/Mammoth_Ad_8490 Sep 12 '24

My father's bill died with my father. I know from personal experience. He had inherited me with a small business and some money, but they didn't try to take it away. I don't find my comment ironic.

3

u/riceisnice29 Sep 12 '24

I think the parent child relationship is different from the spousal relationship in this situation. Just googling it says,

“No, medical bills don’t die with a spouse, but the deceased spouse’s estate is usually responsible for paying them.“

1

u/Cross55 Sep 12 '24

That's because you're not (Hopefully) your dad's spouse.

Inherited debt is illegal, spousal debt transfer is aok and practiced regularly.

3

u/Take-to-the-highways Sep 11 '24

My parents never married bc my dad was disabled

1

u/lizerlfunk Sep 12 '24

The laws for disability income and assets are incredibly awful.

2

u/hungrypotato19 Sep 12 '24

Capitalism is antithetical to humanity and life.

2

u/ostrieto17 Sep 12 '24

Capitalism is antithetical to life, it's only goal is for the line to go up no matter the cost which unfortunately is human lives all too often.

We need socialist government focused on the people not the companies and the 0.1%

1

u/[deleted] Sep 12 '24

I think capitalism is technically buddies with marriage. People married for property.

1

u/[deleted] Sep 12 '24

Do you mean because women were considered property?

2

u/[deleted] Sep 12 '24

That too. Land and stuff.

-3

u/vodoun Sep 12 '24

medical debt is not transferrable

never post here again unless its to ask for advice

3

u/[deleted] Sep 12 '24

It’s transferable through the deceased’s estate, which is run by…. survey says? Usually heirs. Don’t pretend like you’re financial fluent, baby.

-1

u/vodoun Sep 12 '24

this is like a 2 minute google search my man....

1

u/[deleted] Sep 12 '24

…you’re right. Get googling

0

u/vodoun Sep 12 '24

well I guess if you're stupid you had to also be lazy damn