GhostWriter16
Deity
In Advance Warning: If you support either Money being doled out entirely equally, doled out Marxist style "From each according to his ability, to each according to his need," or by direct democracy, this thread may not make sense or apply to you completely. You can feel free to pop in, but take what I'm saying with a grain of salt. If you support the right for a person to have an equal opportunity, but to have the right to take that opportunity as far as you'd like to make as much as you can, regardless of your definition of "Equal opportunity" (There are several) I am looking for your imput especially to tell me what "Equal opportunity" really is, and how far your country and, specifically, America, is from achieving the goal of an equal opportunity.
Now, let's begin:
As far as I see it, equal opportunity means this, where you are born does not influence your chances of success, only your own attributes, whether they be skill at administration, skill at working hard, skill at investment, or heck even luck, will influence it.
Now as we all know, inheritances make a most interesting problem, with a lot of interesting solutions always offered, but of course, there's not a conclusive answer, as there are two arguments.
The Pro-Inheritance argument in the name of equal opportunity says that as you earned the money, you can give it to whoever you like, and that since you earned the money from scratch, anybody else can do the same thing and so shouldn't complain that you chose to give some of what you earned to your son.
The anti-inheritance argument in the name of equal opportunity says two things, one, that new companies don't have an accurate opportunity to beat the old ones, and that, since your dead, you don't have the inherent right to keep anything (I made this argument during an organ donors discussion, however with money, as your son is benefiting there is more of an argument.)
The second question is to the people in the anti-inheritance camp and that also support a leftist economy because "Capitalism is unfair, at least on its own" do you think, if a 100% inheritance tax was applied and distributed equally to give everyone just enough to start a business if they had the skill and desire, that opportunity would be equal? And, would you support capitalism under those conditions?
The third question is to those who favor inheritance. How far do inheritance rights go? For instance, if Bill Gates died today, I think, since he earned the money, he has a right to pass it to his son. However, what about his son, what if he dies in 20 years? Does he have an inherent right to pass down money to his son? I mean, he didn't earn the money, his dad did. Still, there is an argument that Bill would have wanted his grandson to have a good future. His great great great great great great great grandson 300 years from now? Probably not even in his head, nor does his great great grandson who never even knew why he was rich have the same right to pass down Bill's inheritance as Bill himself did. I wonder about solutions here.
The Fourth Question, and the most important one is "How do you define equal opportunity?" And, do you support equal opportunity? (And by that I mean only opportunity being equal, but therefore, there can be a variety of different results.)
Me? I think in general, the less regulations the better, however, I think we do need a few. For instance, anti-monopoly legislation is needed because, with at least two options, there won't ever be people paying $20 for a cheeseburger (Except if its a REALLY expensive cheeseburger or you live in NYC)
Second of all, I think there should be a certain extent of "You want money, earn it yourself" legislation to prevent the aristocracy of Feudal Europe, though how much I don't know.
Third of all, I think the government should focus on giving rising companies a shot, rather than giving Corporations a second opportunity through "Corporate welfare." Also, incentives for small businesses create jobs, while doing it for corporations just still lets jobs be cut, but keeps people who lost their opportunity rich.
That's it IMO.
Now, let's begin:
As far as I see it, equal opportunity means this, where you are born does not influence your chances of success, only your own attributes, whether they be skill at administration, skill at working hard, skill at investment, or heck even luck, will influence it.
Now as we all know, inheritances make a most interesting problem, with a lot of interesting solutions always offered, but of course, there's not a conclusive answer, as there are two arguments.
The Pro-Inheritance argument in the name of equal opportunity says that as you earned the money, you can give it to whoever you like, and that since you earned the money from scratch, anybody else can do the same thing and so shouldn't complain that you chose to give some of what you earned to your son.
The anti-inheritance argument in the name of equal opportunity says two things, one, that new companies don't have an accurate opportunity to beat the old ones, and that, since your dead, you don't have the inherent right to keep anything (I made this argument during an organ donors discussion, however with money, as your son is benefiting there is more of an argument.)
The second question is to the people in the anti-inheritance camp and that also support a leftist economy because "Capitalism is unfair, at least on its own" do you think, if a 100% inheritance tax was applied and distributed equally to give everyone just enough to start a business if they had the skill and desire, that opportunity would be equal? And, would you support capitalism under those conditions?
The third question is to those who favor inheritance. How far do inheritance rights go? For instance, if Bill Gates died today, I think, since he earned the money, he has a right to pass it to his son. However, what about his son, what if he dies in 20 years? Does he have an inherent right to pass down money to his son? I mean, he didn't earn the money, his dad did. Still, there is an argument that Bill would have wanted his grandson to have a good future. His great great great great great great great grandson 300 years from now? Probably not even in his head, nor does his great great grandson who never even knew why he was rich have the same right to pass down Bill's inheritance as Bill himself did. I wonder about solutions here.
The Fourth Question, and the most important one is "How do you define equal opportunity?" And, do you support equal opportunity? (And by that I mean only opportunity being equal, but therefore, there can be a variety of different results.)
Me? I think in general, the less regulations the better, however, I think we do need a few. For instance, anti-monopoly legislation is needed because, with at least two options, there won't ever be people paying $20 for a cheeseburger (Except if its a REALLY expensive cheeseburger or you live in NYC)
Second of all, I think there should be a certain extent of "You want money, earn it yourself" legislation to prevent the aristocracy of Feudal Europe, though how much I don't know.
Third of all, I think the government should focus on giving rising companies a shot, rather than giving Corporations a second opportunity through "Corporate welfare." Also, incentives for small businesses create jobs, while doing it for corporations just still lets jobs be cut, but keeps people who lost their opportunity rich.
That's it IMO.