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I can understand this for oneself. But to be this complacent/indifferent to your kids' future is just kind of amusing to me. I haven't got billionaire status a

by sidlls 6y ago

I can understand this for oneself. But to be this complacent/indifferent to your kids' future is just kind of amusing to me. I haven't got billionaire status ambitions, but I also don't want my elder years to be effectively dictated by the vicissitudes of the political environment.

Y-bar 6y ago
I'm not OP but I'm paying my taxes specifically so that my children's future will be secured. My taxes pay into their and their peers education, it pays into their and their peers healthcare costs, it pays into my own retirement so that they will not have to worry about feeding me when I grow old. It pays into a social security net so that if there is an economic crash they will still have food on the table and a warm home. This means the number in my wallet and bank account may look smaller, but I still live a rich life with money to spend however I want. It's the exact opposite of complacency.
alkonaut 6y ago
As a parent, is there really any difference between "saving for your own future" or "saving for your kids"? I do some saving for my future (e.g. retirement or rainy day) but I don't have specific savings for my kids, or any particular goals for such saving (such as enough for higher education). Lots of people here save money for their kids so they can get their first apartment which is suddenly really expensive. But I'd rather improve the house we live in now, or take them on trips, and if they need $20k down in 10 years to move out, I can probably solve that. I started with 0 savings from my parents, they started with zero from theirs, and so on. I don't know anyone who received a significant amount of money from their parents that wasn't an inheritance. You can't count on politics being constant, but "there is a large welfare state here also in 15 years" I consider about as likely as the sun rising tomorrow.

by sidlls 6y ago

Y-bar 6y ago

I'm not OP but I'm paying my taxes specifically so that my children's future will be secured. My taxes pay into their and their peers education, it pays into their and their peers healthcare costs, it pays into my own retirement so that they will not have to worry about feeding me when I grow old. It pays into a social security net so that if there is an economic crash they will still have food on the table and a warm home. This means the number in my wallet and bank account may look smaller, but I still live a rich life with money to spend however I want. It's the exact opposite of complacency.

alkonaut 6y ago

As a parent, is there really any difference between "saving for your own future" or "saving for your kids"? I do some saving for my future (e.g. retirement or rainy day) but I don't have specific savings for my kids, or any particular goals for such saving (such as enough for higher education). Lots of people here save money for their kids so they can get their first apartment which is suddenly really expensive. But I'd rather improve the house we live in now, or take them on trips, and if they need $20k down in 10 years to move out, I can probably solve that. I started with 0 savings from my parents, they started with zero from theirs, and so on. I don't know anyone who received a significant amount of money from their parents that wasn't an inheritance. You can't count on politics being constant, but "there is a large welfare state here also in 15 years" I consider about as likely as the sun rising tomorrow.