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We're not even talking about money at this point. The study is talking about educational level of children vs. the education of parents and grandparents. It st
by jimmywanger 10y ago
We're not even talking about money at this point. The study is talking about educational level of children vs. the education of parents and grandparents.
It stands to reason that highly educated parents produce highly educated children - they've been through college, probably know what to do in college wrt financial aid, and probably have more books in the house and talk about more educated things around the dinner table.
How is that ability to give your offspring a leg up going to be removed?
- RodericDay 10y agoI'm talking generally about "removing the incentive", using the estate tax as an example of removing an incentive that may nevertheless be desirable for efficient market outcomes. I'm not saying that it maps out 1:1 with this situation. Just observing that the fact that something being a positive incentive isn't sufficient to justify its persistence.