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On the other hand, generational wealth below obscene amounts is a vital stabilizing force in a society. A middle to upper middle class family passing on a boos
by nitrogen 5y ago
On the other hand, generational wealth below obscene amounts is a vital stabilizing force in a society. A middle to upper middle class family passing on a boost to each subsequent generation is a good thing. Grandparents help pay for their grandkids' schooling, kids have some sense of stability and a safety net, etc.
We need many layers of safety nets and stabilizing forces, because every layer is prone to different types of failure. There is a natural and desirable support structure of individial -> family -> community -> state -> humanity that allows society and individuals to survive and thrive through changing circumstances. Too much reliance on any one layer, especially the state, is a recipe for fragility or tyranny.
When every individual has an emergency fund, every family has a nest egg, every community pulls together in time of need, and every state provides a safety net of last resort, we can weather any storm.