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Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Monday December 31, 2018 @10:46AM (#18794980)
The government does the same thing with SS. If you pass away before collecting benefits, those benefits aren't passed on to those who inherit your estate.
Re:Companies controlled by PE firms use bankruptcy to shed p... by jandrese on Monday December 31, 2018 @02:56PM (#18796577)
Social Security isn't an investment. It's more like an insurance scheme against old age. Everybody pays into the pot and that is divvied up among everybody who qualifies (retirees).
Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Monday December 31, 2018 @04:13PM (#18797068)
Is that not what a pension is for workers who qualify by working at a company long enough?
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Monday December 31, 2018 @11:21AM (#18795219)
That's not wage theft though. You can't be paid after you're dead. Inheritance is just legalized aristocracy.
Re:Companies controlled by PE firms use bankruptcy to shed p... by madengr on Monday December 31, 2018 @01:14PM (#18795974)
So you are supposed to just give your estate to the government? Fuck that.
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Monday December 31, 2018 @03:23PM (#18796742)
Why not? Then the wealth can be distributed to everyone fairly. Having this safety net available for everyone and not just the rich would reduce the need for wealth hoarding in the first place. Your ideology has no justification besides your own particular interest in the class position of your offspring.
Re:Companies controlled by PE firms use bankruptcy to shed p... by aswanson on Tuesday January 01, 2019 @01:49PM (#18801575)
Because I want my children to benefit and build on my life's efforts.
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Wednesday January 02, 2019 @03:17PM (#18809758)
And I don't want you to be able to do that. If this is supposed to be a rational position you're going to need more justification than "you want it".
Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Friday January 04, 2019 @08:31AM (#18823841)
That's a truly horrendous position you've taken. You're arguing that it is somehow rational to not want a child to benefit from his or her caretakers. The only logical conclusion from this is why stop at death? Why don't we make it so it's illegal for a parent to take any action that provides any sort of benefit for their children, and all children are dependent upon the state from birth, with all adults paying a mandatory 'childcare' tax. This way all children can start out life on 100% equal footing, and also without any opportunity to experience what a parent's love and sacrifice really is. What a dystopian future you desire.
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Friday January 04, 2019 @04:25PM (#18827786)
Actually, we live in quite a dystopian reality. Your only argument is a slippery slope fallacy. I never said that a child should not benefit from their caretakers. Only that they should not inherit economic wealth which they did not produce.
Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Sunday January 06, 2019 @03:37PM (#18840536)
So explain what's the tangible difference between receiving benefits while the parent is alive and after they're dead? Either way the child is inheriting economic wealth they didn't produce, which shines a light on the horrendousness of your argument.
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Monday January 07, 2019 @02:50PM (#18849274)
Instead of calling my argument horrendous with no justification, maybe you could try engaging with it. I, too, would like to just call you a right-wing libertarian nutjob or something like that and move on with life, but hopefully something better can happen. :)

> Either way the child is inheriting economic wealth they didn't produce

There isn't a whole lot. But you're missing the point of parenting. Hint: it's not financial support. You can't write a baby a check for $1M, plop it down in an empty house and expect it to live a good life. After you die you're not doing any of the stuff that actually makes having a parent valuable to a child relative to receiving the necessary financial support (which will not even be available to working class children under your proposed system).

Maybe if you were confident your children would be adequately taken care of if you died, you wouldn't have to work so hard saving up a nest egg and would actually have more time to be a parent.

Re:Companies controlled by PE firms use bankruptcy to shed p... by aswanson on Wednesday January 02, 2019 @08:05PM (#18811946)
Most parents want that. An overwhelming majority, in fact. Not just me. Good enough?
Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Friday January 04, 2019 @04:28PM (#18827802)
Nope. I would argue that most parents want that because the economic system we live in compels them to.
Re:Companies controlled by PE firms use bankruptcy to shed p... by aswanson on Monday January 07, 2019 @08:13AM (#18844828)
It also compels me to pay my bills and be responsible with my money. Such is life.
Re:Companies controlled by PE firms use bankruptcy to shed p... by PurpleBoxDragon on Monday December 31, 2018 @04:00PM (#18796988)
>Then the wealth can be distributed to everyone fairly.

Who determines what is fair?

Re:Companies controlled by PE firms use bankruptcy to shed p... by kenmicklas on Monday January 07, 2019 @02:51PM (#18849280)
Divide evenly by number of people? It's really not that difficult.
Re:Companies controlled by PE firms use bankruptcy to shed p... by aswanson on Tuesday January 01, 2019 @01:50PM (#18801578)
Amen.
Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Monday December 31, 2018 @11:31AM (#18795283)
You also lose your benefits if you move to another country and give up your citizenship. What do you call it then?
Re:Companies controlled by PE firms use bankruptcy to shed p... by paulie_a on Monday December 31, 2018 @12:13PM (#18795534)
Make a conscious and overt decision to forfeit those accumulated benefits.
Re:Companies controlled by PE firms use bankruptcy to shed p... by bsbechtel on Monday December 31, 2018 @01:15PM (#18795981)
Sounds a lot like wage theft to me. If a company tried to do that to employees who left, that's what it would be called.
Re:Companies controlled by PE firms use bankruptcy to shed p... by paulie_a on Monday December 31, 2018 @06:48PM (#18797893)
How so? You leave, they stop paying you. Any funds for retirement is your account. You leave the country and renounce citizenship, you no longer get the benefits of citizenship which includes social security. That seems pretty fair.

And yes a company doing that is a completely different situation. Like it or not we pay into a pool that if you are a citizen you will receive benefits. You also pay into an account for your 401k that you own. Renouncing citizenship, you walked away from the former account.