Should parents bequeath anything for their children? Even if you believe parents should have the legal freedom to decide what to do with their wealth, does bequeathing serve a positive social function? Discuss.
I dunno that there's any "should" about it one way or the other.
My parents keep asking what I'll do with their money after they're gone, and I keep telling them to give it to someone else. I'll just end up wasting it on hookers and blowCDs and beerunnecessarily expensive food pointless crap.
A few different reasons. In June 2006 Warren Buffett announced donating the vast majority of his fortune to charity. Then that fall I spent 3 months in California with my cousins. My uncle and I had some interesting discussions about the extent to which parents should support their children before and after they turn 18. Then more recently Nigella Lawson made headlines here for saying she won't give a penny to her children and then finally last night there was a discussion about it on a TV programme based on the Lawson story. I was surprised how many different and strong points of view there were just from a few people who voiced it. It's also an issue I've wondered about based on how my dad has brought my sister and I up. Like even if one believes that people should have the choice to do so or not, does inheritance (especially from the very wealthy) disincentivize hardwork and if it does, how does that serve as a good social function? And stuff like that.
I agree with mrputter, in that they can do what they want with it. It's odd that you should bring this up, because I'd never even considered the question before a few weeks ago.
(Goes and looks up the blog post where he saw this recently.)
Aha! You've raised it because of Nigella Lawson. Anyway, the case for 'no' is given here. I think he makes some valid points, but for me individual liberty wins out.
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mcgillianaire) wrote2008-02-13 04:20 pm
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I dunno that there's any "should" about it one way or the other.
My parents keep asking what I'll do with their money after they're gone, and I keep telling them to give it to someone else. I'll just end up wasting it on
hookers and blowCDs and beerunnecessarily expensive foodpointless crap.Any particular reason you bring this up?
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no subject
(Goes and looks up the blog post where he saw this recently.)
Aha! You've raised it because of Nigella Lawson. Anyway, the case for 'no' is given here. I think he makes some valid points, but for me individual liberty wins out.
no subject