4 ms·
It is the right of the parents to provide the best for their kids, not right of the kids to receive the best from their parents. If you put a 100% estate tax,
by splintercell 9y ago
It is the right of the parents to provide the best for their kids, not right of the kids to receive the best from their parents.
If you put a 100% estate tax, then you're preventing people from working towards one of the biggest goals they work for, i.e. their kids.
Also, if a parent doesn't wanna give his wealth to his kids, no court in America would force the estate to go to the kids.
In other words, nobody is born rich, it's the rich individuals who make their kids rich.
- mod 9y agoSaid another way: The wealthy individuals are choosing to spend their money as they please. That happens to be by making wealthy some non-wealthy individuals. In the case of this argument it's parents/children, but it doesn't have to be. The parents choose of their own free will. And they can choose to spend the money instead. Many do. Most, probably.
- bobwaycott 9y agoThis doesn't actually answer the parent's question, though.