It's unethical to leave your wealth to your kids

[TheFirstEMP]

@OPs next headline "It's unethical to keep your wife all to yourself"

 

[Broke Lester]

Ok I'm convince. Time to blow my money on hookers and blow. For ethics.

better than giving it to someone else to do the same thing

 

[Broke Lester]

@OPs next headline "It's unethical to keep your wife all to yourself"

hahahahaha, this would be a good argument, not sure which side I'm on yet

 

[Renard]

Lol, I used to hang out at youth center and they would offer free condoms so people don't end up with accidental pregnancy. But yeah I hear that, myself I am 30 and just now I am beginning to make some real money and yet I live at home with parents with occasional on and off living with roommates.

The idea of accidental pregnancy just kills me, that and todays hook up culture being so flaky ( regret can mean rape) makes me want to stick with escorts who are professional about the whole thing.

I just don't understand why people don't think about this kind of stuff! Like either get an abortion or don't have unprotected sex. Its like they don't give a shit about anything and refuse to take responsibilities and yet, they expect others to pick up their slack.

Makes me sick to be honest with you...

30, living with your parents, hooking up with prostitutes? Dude... you're lame in the other direction, you should do something about that.

 

[Rematch]

Ultimately money is just a bonus.

The intangibles for a successful house that lasts take generations to build.

Wisdom, discipline, education, manners, and an understanding of the human condition are what I would rate as the rewards of a mature and responsible family.

It's not just a bonus when you have all of those qualities but your pillow is a steal arm of bench at the park

 

[HIMBOB]

This, I don't agree with the article but this thread is grossly misinterpreting the article.
Very few people would be stupid enough to give all their money to charity.

Oh look someone read the article.

I did think she was a bit clumsy with her views on the difference between altruism and philanthropy but was an interesting article.

LMFAO at "donating and being philosophical" - look at the 'philanthropic Clinton Foundation', all the donated money went straight to criminality, illegality and making multi-millionaires richer. The reality is, when you donate, you have no idea where it is going and most charities and non profits are shams anyways.

Misinformed opinion paraded as fact.

 

[Quinton Overeem]

I'll definitely give it to my children but with some kind of legal rule that they can't touch it before 30yo or have to work full time at least 5 years. I want them to know how horrible is the modern slave life.

 

[Ogata]

30, living with your parents, hooking up with prostitutes? Dude... you're lame in the other direction, you should do something about that.

As I mentioned, I just started making real money. That and at least I am not some degenerate who is leeching off other people. The reason I am living with parents is because rent is expensive as fuck in Vancouver B.C and I used that money to start a business which is now paying off.

 

[Farmer Br0wn]

Yes it does. Government tenders currency, establishes tax rates, financial policies etc. Its a tautology.

Lots of income is taxed multiple times btw.

Well, that confirms my suspicion that you don't know what the source of all wealth is.

Let me help you out.

There is only one source of all wealth:

Individual human intelligence.

Individual human intelligence is required to discover, and then create wealth. This can be done in innumerable ways, yet it requires an individual intelligence to be created. Even "the system" that you seemingly adore, would be impossible without an individual human intelligence to create it.

Now that you understand the source of all wealth, hopefully you see the folly in the idea that an individual owes "the system" anything.

 

[moreorless87]

This, I don't agree with the article but this thread is grossly misinterpreting the article.
Very few people would be stupid enough to give all their money to charity.

Your basically talking the difference between "help your children along" and "make your children rich enough they never need to work another day in there lives", the former I see no legitimate argument against unless the whole nature of our economy changes vastly, the latter is I think potentially more questionable.

The trouble really with inheritance tax is that there are so many potential loopholes, especially when it comes to rich people who can afford advisors to point them out.

 

[Only Here for Attachments]

When I die, I'm having my wealth stashed in various orifices and organs of my body for my lousy kids and ex-wives to sift through by hand.

 

[Farmer Br0wn]

I guess the logical argument is that the person who earned the money was taxed, but the person who is inheriting it has yet to be taxed.

If that's the only justification given, then it confesses that the goal of an estate tax is confiscation.

 

[sub_thug]

Each individual can and should be able to do whatever they want with their own money. A person who proclaims that everyone should just donate their money to charity upon their death is just unsolicited advice.

 

[IIIIIIII]

there is definitely something to be said about having everything given to you. if you never have to work at attaining anything, you never understand the value in things. on top of that, you never experience the satisfaction of achievement. you live a less fulfilling life than you could have.

i know i still take pride in, say my college degree, which signifies everything i've been able to have in life. or even a heart-shaped rock i found deep in the heart of the rainforest after a six-hour trek through dense forest. or even the beer stein i managed to convince the manager of the beer garden i was at in munich during the oktoberfest to sell me, which normally never happens. stuff that you have to work at will always retain value.

 

[Higus]

If that's the only justification given, then it confesses that the goal of an estate tax is confiscation.

If you're gonna split hairs, then all taxes are confiscation. What's your argument?

 

[Farmer Br0wn]

Article doesn't hint at leaving your kids zero.

No you shouldn't leave all your wealth to your kids if your wealthy and you should tell them that when they are young.

I know several people who will receive 9 digit inheritances split between the kids. Most are very unproductive people.

So what? Good for them.

These "unproductive people" you speak of, their money is not yours, and you would do no better with it.

It's the right of the property owner to keep, destroy, sell, alter or otherwise disposed of their property as they sees fit. So long as no one is harmed, there's zero justification for any other group to impose themselves on the rights of inheritance.

 

[HomerThompson]

In this thread, a bunch of broke motherfuckers argue against egalitarianism.

 

[Farmer Br0wn]

Do you think giving constant handouts to strangers will lead people to do great things? Why would people getting handouts go to work when there is another handout coming to them?

It's an undeniable economic truth:

When you give someone free money, it locks them into whatever behavior they're currently doing.

A parent has infinitely more ability to guide a child's future behaviors, then a state could ever hope to regulate an individual's behavior.

 

[Farmer Br0wn]

If you want to give your wealth away, no one is stopping you. Quit worrying what other people do with their own money.

I tell people this all the time when they say they support higher taxes:

"You're perfectly free to donate as much money as you like to your state, local, and Federal treasuries. You really have no right to tell me I should pay more, but if you feel the need to, have at it!

Oh wait, you're not going to do that? You think it wouldn't do any good, and the government would just waste it? Congratulations, you're Republican now!"

 

[HIMBOB]

Do you think giving constant handouts to strangers will lead people to do great things? Why would people getting handouts go to work when there is another handout coming to them?

It seems you think donations are made to a big pool of random causes were the doner gets no say in what they donate to.

In my work i help lots of people make donations and impact investments and i can assure you people very much care where their money goes, what it does and how much good it creates.

Now to the false premise of hand outs to lazy people. No one just hands out cash to strangers. They want to achieve better outcomes for their money, its alot more about teaching to fish as opposed to handing out fish. Not to say there isn't charities that don't give food or shelter to the homeless but its a tiny fraction of the area.

Thinking further there is one instance in which they do frequently hand out cash but that is fir research grants which are earned on the merits if their ideas.