[thekid]

[quote=pearlieq I don't think the expectation should be that we save every available dime, but I think a good-faith effort at a reasonable savings should be expected of everyone.[/QUOTE]


I would agree if the majority of society would do this. I however think it is reasonable to state that most people do not make consistent good faith efforts to save nearly enough to cover long term old age care. Hence, only those (relatively few) that do have to pony up themselves. In this context, and considering that substantrial taxes will already have been paid on every income making up that egg nest, I do not feel at all guilty about shielding it by every legal means available and letting my children benefit. I really don't see why those that save should have to pay as much as possible to the detriment of their children, while those that spend and live it up all their lives get the free ride.