Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
My mom just wanted to make enough to spend it over her lifetime, and that seems fair to me. She got nothing from her parents and had to support her own mom in her old age, and didn’t want to cost us anything.
I would argue that inheritance is a huge driver of inequality. I have gotten small amounts from the estate of my dad’s parents (my dad died when I was 16) and a childless relative and even those amounts jumped us ahead some, I can imagine what some huge amount unearned would do - but it’s just that. Unearned.
Middle class families passing down inheritance is not a driver of inequality.
A dozen individuals controlling 60% of the wealth in America is.
Which is the big unspoken thing here: the only reason millennials/ Gen Z would even care about ‘inheritance’ is because everything has gone so fucking far to shit that it seems the only way to claw out of the hole they’re being shoved into. It’s turned into a lottery wish.
I wholeheartedly agree with that - what we need is not a system of generational wealth being passed down particular families, but an economic system that spreads it out better.
They can both be drivers of inequality, but the billionaire bullshit is by far the greater kick in the nuts.
Yeah but how did they get it, and who will get it when they die? It’s like a feedback loop.
Inheritance is still inequality in that those receiving it did nothing to deserve it.
Considering that rich boomer parents are almost exclusively fucking terrible, I’d say having to grow up with them makes it more palatable. They may get some money, but they never got love.