>>>>Inherited wealth Marcia.
>>>>
>>>>So what? When you die, do you want to leave anything you might have left to your children? Or would you prefer to give it to the government? If so, I am sure that you can do so in your will.
>>>
>>>Don't you think that in a supposedly egalitarian society inherited wealth is a problem ? I'm not talking a few thousand or tens of thousands here. Maybe we could draw a line at say over 10 million . Maybe you could suggest a number ?
>>
>>Drawing a hard cutoff line at such an amount will either result in those having much more than (#recipients*10**7) either leaving or spending the surplus amount like crazy. The real danger lies in the possibility of demotivating those already near such cutoff lines - and I am not saying family grown industries are always better managed than others. Just believing having such options make for a bigger cake.
>
>OTOH an entrepeneurial parent may condemn their offspring to a lifetime of indolence by demotivating them with billions of dollars.
What a good point. If one thinks government assistance encourages people to not work or help themselves, why wouldn't inheriting a fortune have the same effect?
Tamar
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