Inherited wealth creates dynastic wealth, which is what America is supposed to have escaped from / by kevin murray

America was long been seen as the land in which those precluded from exercising their right to free religion, as well as those that wished to escape lands that offered no opportunity to rightfully receive fair opportunity and fair wages, as being the epitome of an egalitarian society, of which, one of the cardinal rules for any democratic society to meaningfully demonstrate that indeed all men are given a fair chance, is to preclude to a large extent, the unfair receipt of inherited wealth with minimal taxation, especially because that leads to and creates dynastic wealth.  For it is the dynasties, so created, that undermine democratic societies by essentially corrupting those institutions, by the power of that money, status, and privilege bought.


It should be stated, that not all inherited wealth is the same, for the real problem with inherited wealth, simply comes down to it being a numbers game, and the larger that number, the more that is at stake, in which, those that are very rich as well as being very powerful, don't ever play to lose; which is why, America, now has  so much dynastic money which produces, far too often, children that will see that money as their own personal play toy, for them to do with whatsoever that they desire to do, so that their lives will revolve not around diligence, drive, and determination but instead around indulgence, entitlement, and leisure.


While it is argued by some, that those that earned the money are entitled to pass it on to their progeny, without limitations or restrictions, because it is their own to do with; that argument is specious, for those that, in theory, have rightfully earned the money, were entitled to utilize that money per their discretion during their lifetime, but at the conclusion of their life, that discretion ends; so that those that depart this world, should not be the captain of a ship, that they have long departed from.


Those that have labored hard to earn money surely do appreciate the trials and tribulations that they have gone through; whereas those that simply have received inherited money, though they will not likely admit to it, suffer from the enervation of their ambition and desire, and thereby this corrupts them.  So that, rather than being productive agents of their communities, they instead set themselves apart from the mass of humanity, preferring only to live with and within small exclusive enclaves of like-mindedness, in which, the money that should rightfully have been used for the betterment and reinvested for the advancement of the community as a whole, is instead used to indulge those spoiled ones without limit, and for their pleasure.


Money matters.  Those that inherit or know that they will inherit substantial amounts of money are often unable to correlate or to acknowledge that money should ideally be seen as the appropriate compensation for hard work and good preparation; but rather instead they see money more as a tool to simply buy and to get their own way, to protect and to embellish their own, with nary a concern about anything else other than protecting and enhancing their familial dynasty, come what may.