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.
Isn’t that better anyway? Inheritance makes the world less fair, as children of rich parents will get a huge advantage. If that money is instead spent, it hopefully distributes over society again instead if staying in the rich families.
It’s obviously not that black and white, getting some money is a great help to you get people. And obviously a parent will want to help their children, that’s totally fair. But as a larger trend it doesn’t seem like a bad thing to me.
The people with millions and billions of dollars aren’t spending all of it before they die. It’s the old people with tens of thousands, maybe hundreds of thousands.
Oh yes, all that money spent on cruise liners will definitely distribute over society