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> Yes. That's exactly how people build generational wealth. Remind me how we got from "individual responsibility" and "personal success" to "inheriting wealth
by BugsJustFindMe 2y ago
> Yes. That's exactly how people build generational wealth.
Remind me how we got from "individual responsibility" and "personal success" to "inheriting wealth from parents by luck of birth" again?
Generational wealth transfer can only ever increase the divide between upper and lower classes over time. There's no way around it.
Talk of "individual responsibility" and "personal success" is diametrically opposed to inheritance. You cannot have both. The person inheriting has done absolutely nothing to deserve it.
- s1artibartfast 2y agoI think some of this is perspective. "Individual responsibility" is the easy part and can mean paying your debts. "Personal success" can simply mean advancing from your starting position, whatever that may be. I tend to agree with the parent post that building generational wealth and benefit is desirable. It makes sense for perspectives and systems that aren't zero sum. increasing individual and national prosperity is not zero sum activity. however, Income inequality is inherently a zero sum metric. Optimizing for income equality means it is better for each of us to have $1 to spend than one of us to have $3 and the other $2.