> Why should children who are lucky to be born into a stable middle class family have a large financial advantage over other children
The reason why we have inheritances is people in power convinced each other that regular people will work harder throughout all their lives if they know they can give their children a better life. Meaning the economy is way better with some inheritance present than without inheritance.
Love is a powerful thing and while most people would agree with you that in theory they'd like all children to have the same opportunities, once their babies are born they will fight forever to give them the best conditions they can.
I agree with inheritance taxes, probably not 100%, but wanted to explain the perspective of people that want full untaxed inheritances.
The reason why we have inheritances is people in power convinced each other that regular people will work harder throughout all their lives if they know they can give their children a better life. Meaning the economy is way better with some inheritance present than without inheritance.
Love is a powerful thing and while most people would agree with you that in theory they'd like all children to have the same opportunities, once their babies are born they will fight forever to give them the best conditions they can.
I agree with inheritance taxes, probably not 100%, but wanted to explain the perspective of people that want full untaxed inheritances.