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Money and Finances
Reply to "Can I afford a 1.8M house?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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. This is a deeply ingrained instinct in the human race. If the state overly limits transfer of wealth to children (or to charity as another poster has raised), [b]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.[/b] 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] I actually think the bolded would be an AMAZING result for society.[/quote] Why? It deprives society of the efforts of the most innovative and productive among us.[/quote] Most people begin to lose mental capabilities in their 30s. By your logic, the most innovative and productive, aren't people working late in life to amass millions to pass on to their children. [/quote] This is patently not true. Many great contributors to society have had a fair amount of gray hair. Sorry but your comment is ageist.[/quote] It is true. Did you even bother to Google it? This is one study. There are many, many others. [url]https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2683339/[/url] You are conflating two issues. Don't get confused. Older people do contribute greatly to society, despite no longer being at the top of their game. Similarly, you are conflating wealth with talent, innovation and productivity. This is also wrong. I recommend you educate yourself before posting. [/quote] You are conflating the two. [b]Pursuit[/b][i] of wealth is a large motivator for those who are talented, innovative, and productivity to drive hard to put these fully to use instead of taking a government job like me. They may or may not become wealthy doing so. But if they know at the outset that if they drive hard and are successful at it the government will take away most of the wealth they generate why would they bother in the first place?[/quote]
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