Fun Stuff > CHATTER
financial independence
usmcnavgeek:
Regarding inheritance, this sums up my feelings well:
I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing.
— Warren Buffett
Jimmy the Squid:
Then there is no real dilemma. When you do get access to the money you can pour it all into medical research or politics or conservation or humanitarian efforts. Fuck what other people say you should do with it, it's effectively your money to handle how you please and if you don't feel comfortable using it on yourself then you may as well put it somewhere where it might do some good.
I'm about to move out of the flat that my dad owns. After that the only thing that will keep me slightly dependant on my folks is the fact that I remain under their health insurance until I'm 23. I think that once I move out of this flat I would probably find it easier to ask my parents for help, financially speaking, as I won't really be much of a burden on them in any other way. Hey if I'm lucky they might even kick in some extra money so I can make it to Boston next year. Doubtful though.
Cartilage Head:
I honestly don't see what is wrong with living comfortably if you can. Charity is a god idea, but there is no shame in keeping some for yourself and starting a nice savings account or, like Ali said, investing some of it.
evernew:
--- Quote from: fatty on 23 Jul 2008, 21:04 ---The fact is, I probably won't struggle as much as a lot of other people, but I'm not going to make excuses for that.
--- End quote ---
This.
I also have that portfolio thing going which you talked about because my great-aunt died and had no kids but eight lovely great-nephews and great-nieces whom she made it out to.
And arguing against inheritance is (pretty much) arguing against our genetic imperative.
The money you make - which you do not take into the afterlife if there is one - who would you rather give it to? The obscure shade which governs what you can and cannot do or your own offspring?
I don't get why inheritance has taxation. If someone earned that money through their own hard work and decides they want to pass it on to their children, the children shouldn't have to pay taxes on it again.
It comes back to the so-called dynastic will. That's what's been keeping family enterprises alive and prospering for centuries now.
Fuck, when I have children and I'm too old and wrinkly to receive any enjoyment from anything I might buy myself but I enjoy making my children and grandchildren happy - why should they NOT have the money? I earned it and I can do with it whatever I want. Giving it to those closest to me seems the natural thing to do, really.
--- Quote from: usmcnavgeek on 23 Jul 2008, 22:12 ---Regarding inheritance, this sums up my feelings well:
I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing.
— Warren Buffett
--- End quote ---
Warren Buffett, once the second-richest man in the world, did not give any of his money to his children since they were adults. Why? Because they could fend for themselves easily.
When I first got onto this page and saw that Social Bacon had negative things to say about me, I felt a little bad. When I read his posts and realized that he's a crusader, not so much anymore at all. By the way, you're inheriting _tons_ more than I have. Ever had. If you think that money does not belong to you even though your grandfather in his wisdom saw to it that his loved ones would prosper that's your own business. But don't go around accusing others of using what they get.
The world is an unfair place. If you want to make it level, travel to the poorest country and give ALL of it to the people who need it most.
Guess what. It's still an unfair place. Why? Because you just neglected those who need it second-to-most. And they still need it pretty bad.
I'm all for charity (I've been working in an NGO for 4 years now) but I didn't come to this life to make it better for everyone else. I want a slice of the pie, too, and if I get it earlier because my ancestors baked a really big one, awesome.
As I said it before, life is about taking chances. If you see a chance in giving those 100k away and feeling like a better person, take it.
If I see a chance in having my parents finance my education so I start out debt-free and without the hassle of making ends meet while I go to school, LET ME TAKE IT.
fatty:
By deciding that you want to put your inheritance into charity, you are effectively claiming that money as much as if you used it on yourself. Because you choose what to do with it. If you had "earned" that money, then put it in charity, it is the same as if it "happened upon you". It's yours because you get to determine it's use, not because of where it comes from! I think that kind of idealism is a bit misplaced.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version