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Because wealth is built over generations. You too can build wealth for your children and grandchildren. All my grandparents were farmers, and most of their gra

Because wealth is built over generations. You too can build wealth for your children and grandchildren. All my grandparents were farmers, and most of their grandchildren have university degrees and a very good wage. I'm sure our grandchildren will have the means to start companies. The western world is sometimes too focused on individuals, but make no mistake, wealth is build over generations. And I don't see the issue with that.

dragonwriter 8y ago
> Because wealth is built over generations. By why should this be allowed? By what right does there exist more than a life estate in any property? Fee simple ownership is administratively simpler which clearly has short term benefits, but absent some corrective mechanism to mitigate generational wealth fee simple ownership is thanatocracy; rule by the dead. > The western world is sometimes too focused on individuals, but make no mistake, wealth is build over generations. And I don't see the issue with that. The inherent consequence of significant wealth (for a small minority) being built over generations is the inherited disadvantages of poverty for a larger number. Generational wealth and equality of opportunity are mutually incompatible.
- koonsolo 8y ago
  > By why should this be allowed? Because I want my genes to have a higher chance to survive. It's pretty natural. > Generational wealth and equality of opportunity are mutually incompatible. That is true. But there are degrees in which you can enforce this. I'm very much a proponent of the European educational system, where there are more fair educational chances for everyone (compared to the US). This creates equality of opportunity on an educational level. But I don't agree with high taxes on inheritance. That's not possible anyway. Rich business owners have plenty of ways to pass on wealth to their children without it being considered as inheritance. When you would have high taxes, or even discard inheritance, then you would only hurt the middle class.
- deleted 8y ago
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dragonwriter 8y ago

> Because wealth is built over generations. By why should this be allowed? By what right does there exist more than a life estate in any property? Fee simple ownership is administratively simpler which clearly has short term benefits, but absent some corrective mechanism to mitigate generational wealth fee simple ownership is thanatocracy; rule by the dead. > The western world is sometimes too focused on individuals, but make no mistake, wealth is build over generations. And I don't see the issue with that. The inherent consequence of significant wealth (for a small minority) being built over generations is the inherited disadvantages of poverty for a larger number. Generational wealth and equality of opportunity are mutually incompatible.

koonsolo 8y ago
> By why should this be allowed? Because I want my genes to have a higher chance to survive. It's pretty natural. > Generational wealth and equality of opportunity are mutually incompatible. That is true. But there are degrees in which you can enforce this. I'm very much a proponent of the European educational system, where there are more fair educational chances for everyone (compared to the US). This creates equality of opportunity on an educational level. But I don't agree with high taxes on inheritance. That's not possible anyway. Rich business owners have plenty of ways to pass on wealth to their children without it being considered as inheritance. When you would have high taxes, or even discard inheritance, then you would only hurt the middle class.
deleted 8y ago
[deleted]