3 ms·
Why do people want intergenerational wealth transfer? Anytime we talk about billionaires passing down large sums of money to their children and creating dynasti
by bradlys 6y ago
Why do people want intergenerational wealth transfer? Anytime we talk about billionaires passing down large sums of money to their children and creating dynasties out of it - it’s a bad thing. Yet, middle class to upper middle class does it and it’s a good thing?
I see it as problematic. Keeps the ground unlevel.
- tallon 6y agoI guess it's something you don't understand if you don't want/have kids.
- Viliam1234 6y agoIf you rent your house instead of buying it, it only means that someone else is passing their money to their kids. I mean, ultimately, someone owns the house, even if that person is not you, right? An interesting solution is to decouple the price of the house from the price of the land it stands on, and then the government could rent the land and use that income instead of other taxes. Better description of this idea is here: https://astralcodexten.substack.com/p/your-book-review-progress-and-poverty https://astralcodexten.substack.com/p/your-book-review-progr...
- ckdarby 6y agoTo allow the next generation the luxury of not being priced entirely out of the market. The difference as you go down the wealth classes hits a point of, being able to afford a home at all or never being able to purchase a home.