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My Parents Give Me $28k a Year
141–150 of 333 posts
Re: My Parents Give Me $28k a Year
#142Does anyone have recommendations on how to overcome the resentment I feel against people like the author? I am jealous and frustrated by their advantage, but that opinion is purely negative and doesn't help me at all.
There isn't a trick. Resentment is what you feel when you kill yourself over a lifetime to achieve what someone else has given to them. All I can offer is "don't think about it to much".
disclaimer: Just as resentful as you are. I paid for college by enlisting in the military. Glad I could do my little part to keep the country safer for people like her...see? There is that resentment coming on again, it's such a tricky bastard of a feeling.
Re: My Parents Give Me $28k a Year
#143Does anyone have recommendations on how to overcome the resentment I feel against people like the author? I am jealous and frustrated by their advantage, but that opinion is purely negative and doesn't help me at all.
Maybe the resentment (not at her personally, but at the aggregate exploitation her class exacts on those beneath) is a legitimate feeling you should not overcome but instead express at the ballot box.
Just my trollish 2 cents, but I'd rather someone express it from a book depository window. If you vote them out, they'll just find another place to attach their lamprey politician jaws to.
Re: My Parents Give Me $28k a Year
#144> With the arts, a student may be accepted to an arts program without a scholarship and find herself $200,000 in debt before realizing she isn’t going to be able to get a real paycheck with her arts degree—at least in the next decade.
We need the government to stop backing these bad loans. Any bank that makes enough bad loans will eventually fail, so they try and avoid it. I'd rather see someone say "Well, you can borrow $50k for an arts degree because that's all it's worth" ... Then we'll start to see the market fulfill college options at reasonable prices for artists.
Re: My Parents Give Me $28k a Year
#145Does anyone have recommendations on how to overcome the resentment I feel against people like the author? I am jealous and frustrated by their advantage, but that opinion is purely negative and doesn't help me at all.
Compare yourself to who you were yesterday, last month, a year ago. Stop comparing yourself to others, remap comparing yourself against others to comparing yourself against your past self.
I'm not at all surprised that the only (at the time of this comment) response that isn't just "refocus your hate at something else" is the one that's down-voted
Re: My Parents Give Me $28k a Year
#146Earlier quoted context omitted.
I don't think so, this certainly has never been effective at that. I'd say that historically billion dollars fortunes got diluted between the 10 children then the next generation, some of whom might actually burn it stupidly very quickly. Otherwise, it's diluted by wars and calamity. However, there are no major disaster in the past decades and the number of children per family have dropped dramatically. It surely bre…
That explains why the Grosvenor Family, a family who've owned the same company for 100 years longer than the united states has been in existent, is so poor.
Comcast is a better example of a family owned business.
Re: My Parents Give Me $28k a Year
#147Does anyone have recommendations on how to overcome the resentment I feel against people like the author? I am jealous and frustrated by their advantage, but that opinion is purely negative and doesn't help me at all.
Compare yourself to people who you are much more advantaged than? For example, were you born in the United States, or Western Europe? If so, you already probably had a lot of advantages compared to someone in say, Sudan. Did you grow up with parents, especially ones that cared about you and tried to help you improve your life? Lots of people don't have that.
The trick is to look down sometimes too, you're probably more fortunate than some people, should they resent you for it? (the answer could be yes, in which case your resentment is perfectly reasonable, but so is someone else's resentment of you)
Re: My Parents Give Me $28k a Year
#148Earlier quoted context omitted.
Very much depends on the policy country. In Belgium you can gift any arbitrary amount ($10,000, $5m, $100m) through a notarial deed (up to a day) before death and pay 3% "gift tax". But the estate tax gets to 27% in the low hundreds of thousands.
Fascinating. Do you see a lot of deathbed transfers of wealth? Certainly, there are some illiquid assets that are going to be hard to transfer at deathbed in any country. In the US, you would see tons of deathbed transfer (they had to create a look-back period for gifts to prevent people from "improvishing" themselves via gifts to kids to qualify for government-paid nursing home care through medicaid). Is it just a c…
It's even better - in Belgium you can avoid even the 3% gift tax by simply donating the money AND not dying within 3 years (if you do, however, the donation then gets taxed as if it were part of the inheritance, so it may be worth just paying the gift tax).
Re: My Parents Give Me $28k a Year
#149The value of this gift is much greater than then nominal sum. My parents gave me $3000 for the down-payment on my first house, which cost $100k. Otherwise I wouldn't have been able to afford to buy a house. But I bought instead of renting and ended up selling it for $200k years later. That was a big financial win early on and meant I was never in debt again. My financial situation at the time was barely-making-ends-m…
I sometimes think about debt the same way. In college I scraped by on ramen noodles and avoided doing anything that cost money. For example I wanted to go camping but didn't have say, $100 for a tent. If I had just put the $100 on my credit card, I'd probably have happy memories with friends, but now I can't get that experience back for any price.
Re: My Parents Give Me $28k a Year
#150Earlier quoted context omitted.
Fascinating. Do you see a lot of deathbed transfers of wealth? Certainly, there are some illiquid assets that are going to be hard to transfer at deathbed in any country. In the US, you would see tons of deathbed transfer (they had to create a look-back period for gifts to prevent people from "improvishing" themselves via gifts to kids to qualify for government-paid nursing home care through medicaid). Is it just a c…
It's even better - in Belgium you can avoid even the 3% gift tax by simply donating the money AND not dying within 3 years (if you do, however, the donation then gets taxed as if it were part of the inheritance, so it may be worth just paying the gift tax).
This is not possible for all assets, but yes.