Earlier quoted context omitted.
Sure, almost all parents want the best for their children. But not every child has a parent that can or wants to provide the best for them. You are framing the issue as a right you have for society to provide for your children when you are dead. I am framing the issue as a right everyone has for society to provide for them, irregardless of who their parents were when those parents were still alive.
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Over $70T of inherited wealth over next decade will widen inequality, economists
231–236 of 236 posts
Re: Over $70T of inherited wealth over next decade will widen inequality, economists
#232Earlier quoted context omitted.
It's more of a problem that the money is only used to make more money rather than being used for services or productive work.
But... money becomes more money precisely because it's invested into companies that sell products and services that people buy, and use most of that money to pay employees, office rent, factories etc. Or in other words: money grows if you use it. If you just put it in a bank account it slowly erodes away under inflation.
personally I think the only real solution is slowing down by reducing incentives to keep growing money (or stock value) by implementing some kind of tax ceiling in turn slowing down innovation and instead hoping that giving more people the ability to grow (easier access to education, healthcare, opportunity) eventually outweights the disadvantages of having such a ceiling
Re: Over $70T of inherited wealth over next decade will widen inequality, economists
#233Earlier quoted context omitted.
Sure, almost all parents want the best for their children. But not every child has a parent that can or wants to provide the best for them. You are framing the issue as a right you have for society to provide for your children when you are dead. I am framing the issue as a right everyone has for society to provide for them, irregardless of who their parents were when those parents were still alive.
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I don't think that is accurate, but let me try to get as close as possible with something that is accurate:
* I am not envious of people with wealthy and happy families. After all, I have exactly such a family.
* I am empathetic with people that don't have such a family.
* I recognise that there are a lot of the former, who are wealthy beyond their needs due to no merit of their own, while there are a lot of the latter who live below their needs despite their merits.
* I want the state to provide for the poor up to what they need, and to fund it they can take some from the rich who got it without merit.
* Inheritance is the perfect place. After all, the estate is given for neither merit nor need. And the owner of the estate doesn't exist anymore, so has no more moral rights.
Re: Over $70T of inherited wealth over next decade will widen inequality, economists
#234Re: Over $70T of inherited wealth over next decade will widen inequality, economists
#235Earlier quoted context omitted.
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> I would respect you far more if you candidly admitted that you are violently envious of wealthier and happier families, and wish to manipulate the levers of the state to crush them and steal their property on your behalf. I don't think that is accurate, but let me try to get as close as possible with something that is accurate: * I am not envious of people with wealthy and happy families. After all, I have exactly…
>the owner of the estate doesn't exist anymore, so has no more moral rights
This is psychopathic. By this logic, it's open season as soon as a person's heart stops. Feed the body to your dogs, rape their corpse, burn it, cut it up for fun, set their car on fire, smash your way into their house and shit on the floor... They have no rights, right? So none of this is wrong. There is no victim. No right has been violated.
Here's a little tip for you: You can donate your children's would-be inheritance voluntarily. Nobody is stopping you. If you really believe you haven't earned your wealth, you have no right to it as soon as you're gone, and random strangers deserve it more than your own children, then do that. I fully support that. But leave my family out of it. Stop cowardly nagging the state to carry out your crimes.
Re: Over $70T of inherited wealth over next decade will widen inequality, economists
#236Aside: Inheritance laws are one of those little thought of things that end up making huge differences in a society. The classic one is the changes in Sparta’s inheritance system that essentially caused their downfall. Originally every citizen had an equal plot of land, the economic base that allowed him to be a hoplite (Sparta help ~80% of their population as slaves, helots, as state property). But as Spartan men die…