If you don’t end up with a greater net worth than the kids who are starting out or the middles who are in their peak debt years, it’s entirely your own fault.
Wealth is relative. I’m both wealthy and poor, depending on who you compare me to.
MOST wealthy people have earned their wealth by getting an education or developing a skill, using God-given talents and recognizing opportunities when they arise. MANY poor people have earned their poverty by dropping out of school, developing poor habits like drug use or unprotected sex, and not planning for their future.
Note that I said MOST and MANY. There are, of course, individual exceptions to any rule. But for the most part I think people are the architects of their own fate (wealth or poverty) whether they realize it at the time or not.
If I can leave something to my kids and grandkids, why should it be taxed when I have already paid taxes on it?I know the answer is “because they can”, but it’s wrong.
Coming in late, but the people who were hit with major expenses when one developed cancer (wiping out savings) and the other was put into forced retirement before the other was well enough to work are not at fault for not having more than 30-year olds whose start was helped by parents who were offering tuition or other assistance based on them working and being able to grow the savings from both continuing their jobs
stlmaddog5 over 9 years ago
I succeeded!
MeGoNow Premium Member over 9 years ago
If you don’t end up with a greater net worth than the kids who are starting out or the middles who are in their peak debt years, it’s entirely your own fault.
toonmaster over 9 years ago
Wealth is relative. I’m both wealthy and poor, depending on who you compare me to.
MOST wealthy people have earned their wealth by getting an education or developing a skill, using God-given talents and recognizing opportunities when they arise. MANY poor people have earned their poverty by dropping out of school, developing poor habits like drug use or unprotected sex, and not planning for their future.
Note that I said MOST and MANY. There are, of course, individual exceptions to any rule. But for the most part I think people are the architects of their own fate (wealth or poverty) whether they realize it at the time or not.
Retired Dude over 9 years ago
Right. Many people succeed in spite of their financial or environmental disadvantages.
skyriderwest over 9 years ago
That explains why I see so many retired folk working minimum wage at McDonald’s.
Bob. over 9 years ago
If I can leave something to my kids and grandkids, why should it be taxed when I have already paid taxes on it?I know the answer is “because they can”, but it’s wrong.
Pedmar Premium Member over 9 years ago
Hey, gramps, ya wanna give a hand with the dishes here?
kattbailey about 9 years ago
Coming in late, but the people who were hit with major expenses when one developed cancer (wiping out savings) and the other was put into forced retirement before the other was well enough to work are not at fault for not having more than 30-year olds whose start was helped by parents who were offering tuition or other assistance based on them working and being able to grow the savings from both continuing their jobs