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For the most part I agree with this explanation, but it does not apply to certain cases such as inheritance. Unfortunately the tendency to portray all wealthy p
by guscost 13y ago
For the most part I agree with this explanation, but it does not apply to certain cases such as inheritance. Unfortunately the tendency to portray all wealthy people as entitled heirs has been around since the days of explicit aristocracy.
- holograham 13y agohow does it not apply for inheritances? That money that was inherited came from delivering a good or service in a voluntary exchange. Just because the money was passed down a generation doesnt mean that money was acquired any different way. I think you may be trying to point out that the inheritance isnt deserved because the receiver didnt create the wealth. I see inheritances as how the rich choose to spend their money. Some give it to charity, some give it to their kids (which could be a form of charity), some spend it frivolously. Doenst change the fact that the money was generated by creating wealth in the first place.