bass 679,Great comments. Thoughtful people realize that their
success is a combination of luck and work. No one is suggesting that they send
their children to poor schools to experience the worst. The answer is not to
pull down the good, put to strive to improve conditions for the worst. There
are many organizations striving to help those less fortunate.Large
inheritances to children in many cases is the worst thing that could happen to
them. Leave your wealth to a foundation or non profit that will do some good in
After doing silly financial things like teaching math, pounding nails, and
driving trucks, I realized that our society disproportionately rewards investors
over workers!This hunch was correct, only the foolish punch a time
clock, the real rewards go to those who understand how to utilize capital to
gain income without all that hard work!
Cont.He has had 1 job in the 4 years that I have known him. He
worked for 1 week and then my father-in-law went in and quit for him. Yes, he
couldn't even quit the job himself. My in-laws provide for him and in the
event of their deaths he will have a home (on a lake) and a stipend to take care
of him.I don't want my son to turn into that. Even worse, I
don't want him to think that because of MY hard work, he somehow deserves a
free ride. I would much rather the money spent to keep my idle brother-in-law
afloat was providing education or training to someone who would appreciate it
and contribute to society. I don't know how to do that, I
don't think it's an easy problem to solve and I don't know the
answer but it IS a problem.
This is actually something that concerns me greatly. I grew up poor, like... we
didn't always have enough food to go around poor. I have been homeless
twice, once as an adult. Currently I reside in the top 5% income bracket. I got
here by hard work and luck in fairly even measure. Had I not been lucky all the
hard work would have not amounted to much. Had I been lazy I would have
squandered the lucky breaks. Knowing that a whim of the economy
could eliminate my economy always sits in the back of my mind. It is a driver
and a motivator. I have no idea how to pass that on to my son. Clearly as a
responsible parent he will never have to worry about a roof over his head or
food on the plate. Sure, I can teach him the value of a dollar, the difference
between want and need. But he will, at least until he moves out, probably never
truly have needs unmet. My wife comes from a much more affluent
family and her brother is pretty much be embodiment for every entitled
millennial stereotype. He doesn't work, he just games and goes back to
school for a semester or two every few years but it never results in a degree
or a job.
How many of US put our money where our mouth is? Or, for that matter, put our
money where our "post" is?Just asking.😁
My dream was always that through my hard work and innovation that my kids could
be born on third base. What is wrong with that???
1. Individuals who become wealthy typically get there by working hard, creating
companies, and thus creating opportunities for others. This is the opposite of
hoarding.2. Google charitable giving of conservatives vs. Liberals.
You'll see who puts their money where their mouth is.
So, at least he picked actual zero-sum examples--placement in colleges and land
use. But as Vermonter points out, our most basic (and beneficial)
aspect of human nature plays out here--our desire to give our children the best
we can. No matter what he says, he's not going to live with his
young family in a neighborhood with bad schools and a lot of crime so as to
reduce the "advantage" of living in a nice area. He's not going to
tell his children to forgo a great education because their family name might
have helped get them in.And why should he? Would you? I'm going
to give every advantage I can to the people I see as most likely to not squander
them--my kids. Anything else is a recipe for disaster. But hey, as
long as he isn't using the government to try to force the creation of this
mythic species that denies its own desires because strangers tell them to, more
power to him.
Politicians in DC know what's best for us better than we do. Too much
reward for hard work just isn't fair. Those of us born with all the
advantages know that we really don't deserve all our success, because we
didn't really earn it. We were born on third base and think we hit a
triple. The federal government really should decide what's fair, and
everyone should be equally taken care of. Rather than invectivize our own hard
work and ingenuity, the government should help us focus on our neighbor. If he
has too much, we need to this injustice to be corrected. I was happy with my
life before reading this article, but now I think I've got it all wrong. I
do have a nice house but my neighbor's is a little bigger. That's not
fair! The audacity of him...to hoard all that money he earned and not give some
to me. He obviously had more advantages at birth than I did.I could go work a
little harder today to correct this injustice, but instead I'll just wait
for DC to swoop in and take from him and give to me. That will instill a good
healthy sense of pride and self worth for me, knowing that I brought my rich
neighbor down. Justice served!
Well Gary O, you have narrowed it down to 400 families but still havnt provided
any real dollar numbers.I have no problem with having an Estate tax
with a reasonable amount money exempted. What is that number? It currently is
$10M I think and might be doubled by the new tax bill.As regards
wealth, I asked that income numbers be given because I dont think that income
of $200,000 for a family is "too wealthy". No need for that family to
lose out on child tax credits. lower social security payments, or other federal
@Ralph.I appreciate your post, and plead guilty as charged. But, there is
something to be said for "do as I say, not as I do" philosophy, i.e.
hypocrisy.As for the counter-argument you could not find in my first
post, see my second post on Vietnam and Cambodia. I recognize that I am citing
extreme examples. But, its hard to deny that one stated goal of the leaders of
those countries in those days was to stop the opportunity hoarding that is the
central point of Reeves thesis. And, even in less extreme examples, is the
notion that we are only doing unfair things to individuals to a lesser degree an
adequate justification for collective action?
@Vermonter, "If Reeve's cannot pass these deeply held values to his
children and have them act on these values, then he will be a moral and ethical
failure as a parent."You just exemplified the ad hominem logical
fallacy with your comment.From wikipedia: argumentum ad hominem, is
an argumentative strategy whereby an argument is rebutted by attacking the
character, motive, or other attribute of the person making the argument, or
persons associated with the argument, rather than attacking the substance of the
Hey Back Talk -RE: "Would be nice if liberals would use income
levels rather than just complain about “classes” all of the time.
Maybe they could help define what 'too wealthy' really means. "After Reagan slashed the estate tax and gave other huge tax breaks to
the wealthy, America's wealth disparity steadily climbed to the current
unsustainable level."According to PolitiFact and others, in 2011
the 400 wealthiest Americans have more wealth than half of all Americans
combined. Inherited wealth may help explain why many Americans who have
become rich may have had a substantial head start. In September 2012,
according to the Institute for Policy Studies, over 60 percent of the Forbes
richest 400 Americans grew up in substantial privilege." - WikipediaTHAT is "too wealthy."By the way, instances of huge
wealth inequality have presaged bloody revolutions since the beginning of
time.Wealth inequality is what gave power to Communist
revolutions.THAT is "too wealthy."
Would be nice if liberals would use income levels rather than just complain
about “classes” all of the time. Maybe they could help define what
“too wealthy” really means. Upper Middle Class- as a
definition of wealth, dies that mean over 250k a year? Is it $150k? How about
net worth? Should savers be punished for trying to save for retirement or for
the benefit of grandchildren etc? No. Save the criticism for people who
have far in excess of what they need. I agree with the problem of Legacy
acceptance in private colleges. However, other critters should be close to the
Hey Mind Baggage -"If you want fix this problem. Start with
reducing an overly involved government. If government power is reduced, it gives
us all more opportunity."A weak government gives billionaire
vandals, brigands, and gangs of thugs more power.We don't need
that.And don't forget, the very purpose of the U.S.
Constitution was to greatly STRENGTHEN our central (federal) government,
because the Articles of Confederation had left our nation far too weak.It's interesting, isn't it? . . . That America's enemies AND
the GOP want a weaker federal government here in America.Don't
you Republicans EVER get tired of taking the side of our nation's enemies
AGAINST American interests?
The most aggressive and straightforward examples of Reeves' philosophy are
1970s Vietnam and Cambodia, replete with forced re-education camps for
society's elites (i.e. doctors, college professors, think-tank executives).
Cambodia went a step further than Vietnam with the wholescale
"elimination" of those elites deemed un-re-educatable.These
2 examples were massively "successful" in virtually eliminating the
hoarding of opportunity, and equalizing society in terms of income, education,
religious belief, and family relationships.
@Flying Finn,Your negative analogy of social governments is not
consistent with the reality of the happiest nations in the world: the
Scandinavia countries and other Socialist nations. Plus the USA is a quasi
socialist/captlist nation. And it seems the better half of America is the
socialist caring and not the heartless super rich capitalist greet for wealth
an control. The world needs more cooperation and less competition. Jesus was a
socialist. If the world were to follow his example it may be a better world.
Who would you give as a good super rich captlist example to follow.
This article is completely opposite view of the DN latest editorial supporting
the current tax reform efforts in Congress. Why is the DN in favor of
skeptic - Phoenix, AZ"From each according to his ability, to
each according to his needs" - Karl MarxLiberals always seem to
ignore the fact that in countries governed by socialists there are 2 classes:
The governed who manage to scrape by, and those who govern them and live high on
The article failed to tell us what Reeves and his family are doing about this
problem. First, hopefully Reeves has no children or extended family
to whom his wealth will go when he dies. But, if Reeves does have
children, they must not inherit his wealth. That just perpetuates the problem
Reeves is concerned about.Additionally, Reeves' children must
turn down educational opportunities after high school. Also, his children must
aim to get work that collectivewly pays their household no more than $60,000 per
year, and where they report to someone who comes from a disadvantaged sector of
American society. If Reeve's cannot pass these deeply held
values to his children and have them act on these values, then he will be a
moral and ethical failure as a parent.
Interesting article.Climbing out of poverty is a marathon. Until you
have really seen it up close you wont understand how difficult it is. There are
ways of supporting people out of poverty without creating systems of dependency.
Let’s hope his message is heard loud and clear. The super rich need to
head his message for the good of the citizens and the prosperity of the nation.
It is real sad that this good man is the exception and not the rule.
Just another limousine liberal. . .
Mr Reeves says it all when he says..."And I am a new American,
so I probably am looking at it in a slightly different way. I would like to
understand the new class system as opposed to the old one I left behind."Here's the problem-- America was not designed to be a class system.
We are supposed to be a classless society. It is not the "upper middle
class" that is attempting to create a class society in the US. It is big
government and big business. It is the elites in our society. The rest of us are
simply trying to play the game as best as we can. The whole idea of class comes
from Europe (both the Feudal system and Marxism), not America.If you
want fix this problem. Start with reducing an overly involved government. If
government power is reduced, it gives us all more opportunity.Finally, it is crazy to think that parents aren't going to do whatever
they can to help their children be "borne on 3rd base." Any attempt to
legislate this motivation away could only result in a socialist Venezuela or
Cuba.And last I checked the working poor in Venezuela were eating
their pets and diving in dumpsters. I am not aware of any US poor having to do
this in 2017.