3 ms·
Intellectually, yes and yes. And I see no indications there will be a pile of money for my kids once I die. So, intellectually, it's easy for me to agree with
by mack73 10y ago
Intellectually, yes and yes.
And I see no indications there will be a pile of money for my kids once I die. So, intellectually, it's easy for me to agree with you.
But if by a turn of events my life transforms from being a financial disaster into a money-making success story and I end up with money at the end, I would like to give them what I feel every human being should have: a chance to find themselves, to find out what they are good at and what they love, without wrecking their finances. Because you only live once and you should try not to give your small amount of hours on earth to someone or something you do not believe in. So I would like to give them each a little "go and find yourself" fund that they could utilize once they're, say, 20 or 30 years old.
That feels wrong, intellectually, but if I have money and we haven't yet scrapped the notion of inheritance, then there will be "find your true you" funds for my kids. No doubt. Because if my kids find what they're really good at, they'll kick your kids asses ;)
That's what life's all about right? Setting things up for your genes. Bootstrapping your gene carriers lives, not with money in particular, but with the things they'll need to out-perform the rest or more importantly, to be as happy as they can be. Anything else we do with our time are just hobbies.
- peteretep 10y agoMany things are massively beneficial on an individual level and bad at a societal level. My children will be well looked after by a trust as long as others' children are too.
- mack73 10y agoI agree. My point was this: will you not create such a trust yourself, for your kids, if there does not exist one that is available for all, if you had the means? I hope Bill Gates starts a trend. I'm sure he'll give away all of his money except for that 100M trust fund for his kids. What if they then turn that measly 100M into billions and then repeat what their father did? That would be pretty cool. How could laws about inheritance stop that from happening, I wonder. I think laws about inheritance are mostly good because they protect the inheritor. The money would go that way either way, unless the parents and their kids ave afalling out. If a child has a falling out with his parents, parents could easily cut him out of the heritage if it were not for laws protecting those children. I think those laws are mostly good. Because rebelling against your parents is mostly a good thing, to society that is, because there is a very good chance you are smarter than them.
- peteretep 10y agoI'm a bleeding heart liberal, and I want Democrats to use and abuse Super PACs as far as possible, while also working to get rid of them.