Reply to Can I afford a 1.8M house?

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[quote=Anonymous][quote=Anonymous]The PP who is anti-inheritance does not seem to understand human nature.

One of the main reasons people work hard and thereby contribute to productivity of the economy is to provide for their children.  This may be during their lifetime or after they die.  [b]This is a deeply ingrained instinct in the human race.[/b]

If the state overly limits transfer of wealth to children (or to charity as another poster has raised), many people simply would not exert the additional effort and simply rest on their laurels once they had enough money to see themselves comfortably to death.

Stymieing the energy and productivity of these people in this way would lower the overall productivity of the economy.  The extra money would not go to educate disadvantaged children or provide other government services as PP thinks because there would be no extra money.

[/quote]

The instinct is to ensure your children are safe and healthy. That's the deeply ingrained instinct and we should encourage and protect it.

People also instinctively want to give their children an advantage over others, to ensure their absolute comfort and keep them from ever experiencing pain or hardship. Those instincts are actually kind of bad and counterproductive. Think of how people react to intense helicopter parents. Think of all the people who become entitled jerks unable to tolerate even minimal discomfort because their parents shielded them from anything unpleasant. Why should we encourage that via money.

Sorry, but I don't think here is a societal interest in ensuring that OP and her husband can afford a 1.8m house so that her DH can have a short commute (versus living slightly further out in a 1.3m house that they could easily afford while paying taxes on her mother's "contribution" to their income). OP is not in danger. Her children are not in danger. Quite the opposite. Why are we still protecting her mother's "right" to give her money?

Plus her mother obviously has so much money she doesn't know what to do with it, as she's offering to pay the cost of a 2-bedroom condo to her daughter as "rent" for living in a room in her home.

None of these people would miss the taxes they'd pay on these transfers. At all. They would all be fine without it. They would still benefit greatly from the wealth amassed from their incomes. So would their children and grandchildren. No one would suffer by just *paying some taxes*. Which could then be used to fund Covid relief, public education, roads and bridges, etc. -- things everyone, including OP and her family -- benefit from.[/quote]

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