Quote:
Originally Posted by valo403
Perhaps I'm running too far with your words, but the general premise I get is that wealthy families should be forced to relinquish that wealth, or at least have their options for distributing it be limited.
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You are indeed inferring far too much from my post. I said nothing about forcing people to relinquish their wealth. I only expressed admiration for people of means who choose to use their fortunes to better society (e.g. by joining The Giving Pledge) rather than leaving their children large sums of money.
My parents are part of "the 1%", but I have already told them I don't want to inherit their money. They made many sacrifices for me and my sister when we were children. Most importantly, they took an active interest in our schooling and extra-curricular activities, ensured we had the opportunity to receive a post-secondary education, and taught us the values and morals we'd need to be productive and successful as adults. That is the greatest gift they could ever give to us. In turn, I want them to be able to use their savings to enjoy their senior years however they'd like and/or donate their wealth to a charitable cause that is meaningful to them.
I have little respect for people who live off the fortunes of previous generations rather than making their own success from the opportunities that have been given to them.