LMHAO @ the sour grapes...1. I don’t expect much of an inheritance. My folks are busy traveling to Europe for three months at a time. Whatever I get will likely go to a down payment on a home I can’t afford to buy myself or paying college tuition for my kids so they’re not also crippled in debt when they graduate.
2. See above. Don’t expect anything meaningful to have to pass along to my kids because the boomers pulled the ladder of opportunity up behind them.
Even then, comparing the thousands of dollars (maybe a million—like most American families, we don’t talk much about money) to literally multi-billion dollar estates is a category error. If we as capitalists believe that building wealth is the engine for innovation, it makes no sense to encourage the rent-seeking behaviors of inherited wealth.
There should be no estates greater than $10 million.
Ruled by FOMO...cheese'n rice it must be crippling.
But ya know what? I have 100% faith that if you were set to inherit a Billion dollars...the strength of your character would not allow you to accept it. Because we all know you would feel so undeserving and you would expect your offspring to not only expect to get nothing...but actually desire to do it all on their own.