Earlier quoted context omitted.
Wealth is fine in literal terms. If you want to pass money on to your progenitors, that is just fine, as it is with all real property. The key here is that intellectual property and real property have some very fundamental differences. Ideas are assigned owners only to make it plausible to spread those ideas massively -- a stipulation that was necessary when it was expensive to spread ideas (printing). With the inter…
> Ideas cannot be owned; they are like fire and can only be equally shared. We assign monopolies to make publishing feasible, not to ensure the wealth of two or three generations that live off of the creativity of their grandfathers without contributing anything themselves. Here's an alternative ethics. Nontrivial ideas are not natural resources but are created by an author; just as a physical object is the property…
http://en.wikipedia.org/wiki/Public_good
For many things, creating artificial property is a good solution, but it is of course a compromise more than real property ever will be, due to its nature.