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Reply to "Vox article on inheritance"
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[quote=Anonymous][quote=Anonymous][quote]People whose parents were prudent with money dont “deserve” it but their parents deserve to pass on what they earned and saved and planned for their kids. [/quote] No they don't. Society helped those parents make what they made. In many cases, those parents got a big head start from their own inheritance – they didn't do it alone. And even if they started from absolute zero, they built a business using roads that society paid for, with workers that society educated, in a peaceful and rule-of-law based society that government agencies and police departments created. Those parents benefited from society and they should pay back to society. Take what they earned and tax it, and make an equal playing field for more kids. No silver spoons for lazy, rich, entitled offspring.[/quote] My spouses parents were the children of Irish immigrants who had 22 siblings between them. They grew up in the upper midwest during the Depression and had nothing. They worked extremely hard and were very careful with their money. They lived in the same very modest house for 50 years, never bough name brand items (generic cola, for example), added water to ketchup, and drove cars for 300,000 miles. They gave my spouse an idyllic childhood. And they left each of their four kids nearly $1 million when they died. No head start for them. [/quote]
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