Whether their money is given directly to their children or given to the state does not itself determine whether that money has been invested "long-term for thei

Whether their money is given directly to their children or given to the state does not itself determine whether that money has been invested "long-term for their children". What matters is how that money is used. If it all goes to decade-long revitalization projects in a distant town to which their children eventually move for a happy retirement, is that an effective long-term investment?