Post
Topic
Board Politics & Society
Re: Irrational 1% Jealousy
by
crumbs
on 25/07/2013, 17:14:24 UTC
Matched by Warren Buffet (who is leaving less than 1/10000th of his wealth to his heirs and the rest to charity).

You don't know how inheritance works, do you?   Cheesy  No matter, help me with my math:  Would 1/10000th of 60 billion dollars make me a pauper?
I do.  The Buffet endowment is premortem.  Is your goal that all ought be paupers?

No.  According to you, that was Andrew Carnegie's goal.  He failed.  A great man, nonetheless.  B+ for trying.

Quote
 
He paid for his kid's educations, + they get about US$1mil.
So if they are going to be jet-set, they have to earn that on their own.
He lives a relatively modest life himself as well.

Either you do not know how inheritance works, or you assume that i do not.  The goal, my friend, is to pass on much while, on paper, appearing to pass on nothing.  In his case, nothing is not plausible, so he *claims* that he's *planning* to leave the minimum creditable amount.

Quote
No matter how many times i hear this argument, it never loses its freshness or fails to entertain.  If your logic works for the rich, it works equally well for taxes:  let the government tax the shit out of you, and in return you'll get some of it back in "charities" like better roads, schools, libraries & aht mooseums. Smiley
You are entertaining me as well.  Visit a library yourself, and you might have learned that most of the libraries in the US are not from taxes, but from private donation (Carnegie did the most there).  Most of the best Museums also bear the names of their endowing patron.  (Getty, Ahmanson, Smithsonian, etc).

Your Government tax and spend preference is the more wasteful means of redistribution and creates the most corruption, the difference is not small.  It is not "equally well" at all.
They can't take it with them anyhow, and most of the US super-rich prefer to use a more reasoned method of redistribution rather than shift the decision-making to politicians that must seek re-election through special interest funded advertising spending.  They skip your middlemen and end up doing more good, voluntarily.
The US does not have the tradition of honoring the Aristocracy in the same way as other geographies.  The Marx model and class jealousy is a poor match for contemporary US.  It was born in the industrial revolution and tied closely to that historical period's particularly odd changes.

I'm sorry, but i'm not interested in having the same discussion for the Nth time -- i'm sure you'll regale me with tales of kindly, wise & charitable rich, and stupid & wastefull governments, amirite?