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Re:What I learned getting acquired by Google by ExoticPearTree on Friday November 10, 2023 @05:32AM (#38217222)
> That seems OK to me. Why should children who are lucky to be born into a stable middle class family have a large financial advantage over other children?

Are you for real? Because it is not my or my children's fault other children don't have anything to inherit. This is how life works. You do whatever you can to get ahead of other through any means necessary to have a better future. You should not exepect the same outcome for people from different walks of life.

And just because not everyone can afford a house it is not my problem either.

> In my eyes, this is the path to Old World aristocracy. The purpose of inheritance taxes is to reduce this advantage.

So the world would be better if everyone was poor, right? The purpose of inheritance taxes is for the government to steal from your hard earned assets. Just because you're jealous of someone who inherits a big house or whatever will not make the world a better place.

Re:What I learned getting acquired by Google by peyton on Friday November 10, 2023 @05:50AM (#38217346)
Well the taxes pay to enforce property rights. It sort of becomes your problem if others don’t have a place to live and you won’t pay men with guns to keep them from taking your place to live.
Re:What I learned getting acquired by Google by ExoticPearTree on Friday November 10, 2023 @05:57AM (#38217405)
I don't think we are on the brink of societal collapse :)

And it is just like now, I use a gun to shoot people that try to enter my house. What you're saying is that I should have people with guns in the house for the times that I'm not at home.

How is this different than today when your house gets robbed during the day?

Re:What I learned getting acquired by Google by jampekka on Friday November 10, 2023 @09:56AM (#38219597)
Some do think so, and have data to back it up.

https://archive.is/XrYck

Anecdotally to me USA even looks like it's collapsing every time I visit it. In the larger cities there are homeless everywere, and often literally next to luxury yachts and limousines. A lot of the infrastructure seems like it's literally gonna collapse, and lots of it really does. It's quite a cyberpunk vibe when compared to e.g. the nordic countries.

Of course there are similar problems in many european countries too. Especially England is quite bad w.r.t homelesness and infrastructure. But England is in many ways culturally closer to USA than most europe.

Re:What I learned getting acquired by Google by RugnirViking on Friday November 10, 2023 @05:59AM (#38217427)
> This is how life works. You do whatever you can to get ahead of other

Except its not how life works. Because we decided to make a law against it. You're trying to argue that the law is bad by... saying that it's not a natural law of the universe (no law is, murder is neutral on a cosmic scale)

> So the world would be better if everyone was poor, right

if you're arguing in this sort of bad faith its pointless discussing anything. Social mobility is demonstrably different across different nations, and policies do exist that actually affected social mobility. Social mobility correlates strongly with GDP. If you want a wealthy society, make it so hardworking people born into poor families can outcompete wealthy failsons

Re:What I learned getting acquired by Google by ExoticPearTree on Friday November 10, 2023 @07:45AM (#38218160)
> If you want a wealthy society, make it so hardworking people born into poor families can outcompete wealthy failsons

This is a very wrong assumption. You cannot have the same outcome even if you start from the same position - everyone poor or everyone rich.

Re:What I learned getting acquired by Google by RugnirViking on Friday November 10, 2023 @08:01AM (#38218293)
> You cannot have the same outcome

you aren't arguing seriously. reread what I said. You're replying as though I said the complete opposite of what I actually said.

Re:What I learned getting acquired by Google by ExoticPearTree on Friday November 10, 2023 @08:28AM (#38218516)
you said

> make it so hardworking people born into poor families can outcompete wealthy failsons

I said you can't and you do not agree. Please tell me how do you see this happening and what is the barrier to this now?

Re:What I learned getting acquired by Google by RugnirViking on Friday November 10, 2023 @08:30AM (#38218538)
you replied to that by saying > You cannot have the same outcome

I explitly talked about outcome being dramatically different. Children of wealthy people who have no motivation to contribute anything to the world, learn no skills, and are lazy, should not end up on the same level as hardworking skilled children of poor parents. They should end much lower. Barriers to this include enormous inheritances, the housing market (prices driven up enormously by hoarding and inheritance), the cost of university education, vast disparities in the quality of education available in different areas, and nepotism in the jobs market.

These factors are very different in different countries. I forget the name of the stat but looking at the percentage of people born to bottom fifth income parents ending up as top fifth income earners themselves is quite telling. If I remember right there is a dramatic difference between similarly "developed" countries.

It goes without saying, but the reason it is important to point out that it is different between countries is to argue against vibes based arguments of people who just throw their hands up and say "oh but woe is us this is the natural way of the world why rage against nature it will always be thus". This is literally table stakes for even discussing the problem...

Re:What I learned getting acquired by Google by ExoticPearTree on Friday November 10, 2023 @09:29AM (#38219282)
> Children of wealthy people who have no motivation to contribute anything to the world, learn no skills, and are lazy, should not end up on the same level as hardworking skilled children of poor parents. They should end much lower. Barriers to this include enormous inheritances, the housing market (prices driven up enormously by hoarding and inheritance), the cost of university education, vast disparities in the quality of education available in different areas, and nepotism in the jobs market.

My gripe is with the above. Why would they try when they don't have to? Would you? And what does it matter to you that someone just spends money they inherited? It's like winning the lottery.

And what has someone's else wealth has to do with university costs?

Re:What I learned getting acquired by Google by RugnirViking on Friday November 10, 2023 @10:43AM (#38220230)
I am not arguing it is morally wrong for a wealthy child to spend their wealth. I am talking about the whole of society. It's really very annoying of you to persist in strawmanning me in literally every coment. Sure I used negative words to describe an entirely hypothetical person, but the reality is that people exist on a range of productivity.

let me switch to a tangent. You seemed to be concerned with making a wealthy society, where at least some people have wealth, right?

In order to do that we have to ensure that its worthwhile for a talented person to work hard. When someone cannot become wealthy no matter how hard they work, why would they work to make anything in this world?

and so society suffers. The way to make people work to make things, is to reward them for doing that. This is an economic reality, and is demonstrable, there are many economics papers on the relationship between income inequality, gdp growth, and income mobility. Suffice to say, no matter who you are, its in your interest for there to be more mobility, and for inequality to be in a certain range (not too equal, for incentive, and not too unequal, it causes dramatic negative outcomes like crime, unrest, addiction, violence)

Re:What I learned getting acquired by Google by ExoticPearTree on Sunday November 12, 2023 @10:05AM (#38240681)
One aspect is the work you do and what it pays. If you're in the right industry, you can become wealthy (being in top 5-10% or less of the population) working a normal job.

On the other hand, if you're in a industry that pays very little, then no matter how much you work, you're not going to make it. And probably you're going to make if you decide to become an entrepreneur and get a piece of the pie. But it doesn't work for all and the only thing you can do is to switch industries if you can.

And these days I think the inequalities are greater due to rampant inflation that makes everyone poorer (considering only money earned) and though in percentage terms it is the same for everyone, it hits the lowest earners the most.

The thing is that in a free market I don't know how this can be solved.