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> I firmly believe probably 80% of people’s success is down to luck and consequently think a strong welfare state and 99% inheritance tax is the correct way to
by sieabahlpark 6y ago
> I firmly believe probably 80% of people’s success is down to luck and consequently think a strong welfare state and 99% inheritance tax is the correct way to run things.
So you think wealth is based on 80% luck and your solution is to reset the family wealth every time?
So a family who isn't "lucky" can't pass on their little wealth to their children and have that compound over time? You'd prefer the children get the reset button?
You have some flawed understanding of how people can actually increase the probability to generate wealth.
- andy_ppp 6y agoI would say 99% maybe 100% above maybe ten million dollars or so, sure. Why do you think hereditary wealth is positive? Maybe everyone would have to improve society and try to make sure the bottom of it isn’t quite so horrendous as it is now. But I understand where you’re coming from, there’s nothing like working hard and doing well to make you think the money is yours not something you are lent largely by being born in the right place, at the right time, with the right parents etc. etc.
- xvector 6y ago> Why do you think hereditary wealth is positive? Because I have the right to provide for my children and ensure they can live their best life. I don’t care if it’s “not fair” or if I “lucked out.” My family comes in first. Not the government, not anyone else - if I make something or earn something, it is my right to provide for my family. > largely by being born in the right place, at the right time, with the right parents etc. etc. Why is anyone obligated to a level playing field?
- andy_ppp 6y agoYou just think you have that right, but really it’s an opinion you hold strongly. My opinion is different from yours on this, and I certainly don’t think we’re about to persuade each other here.