In an ideal society, we identify theft/criminal activity and get the money back. That's part of what we have government for right? Also inheritance is ultimately the extension of the will of someone who was economically productive, so I see no problem there.
So if I kill you and take your house, and somehow escape justice before dying myself and passing said house to my son, your son forfeits any claim to the house? Correct?
I think the general consensus is that if you can identify a specific property that has been stolen from you in an estate, you can reclaim it (from the estate). But claims against someone who purchased the stolen goods unknowingly, or general claims from one group to another, like a common English person against the Queen, a colored person against a random white man, or a Palestinian against an Israelite, those are not valid.
So if I unknowingly buy a stolen bike off Craigslist, I get to keep it? If the owner later identifies it with proof and requests me to return it, do I get to say "sorry, no" to him?
You don't even have to die in this scenario. Just give the loot to a friend. He inherits the loot but not the crime. Maybe he'll return the favor, or just immediately give it back to you.
> Also inheritance is ultimately the extension of the will of someone who was economically productive, so I see no problem there.
I see a problem with the dead ruling over the living. Your will ends when you do with no extension.
That's not to say there might not be legitimate reasons to allow some inheritance, but extending the will of the dead, economically productive in life or not, is not among them.
Isn't that why wills are written while people are still alive, and executed as they die? Isn't that why it's called the last will? Not "extending the will of the dead" isn't any kind of legal principle anyways. It's absurd. We don't rewrite every law after the people that wrote it died, come on.
> We don't rewrite every law after the people that wrote it died
Sure, for one reason for convenience. But Jefferson, it must be noted, wanted something similar for every law and Constitution (time based, because the alternative is impractical), specifically because the law should represent the will of the people living under it, not the dead hand of the past generation.
The daughter of a wealthy estate might receive the very best in private education, music lessons, etc. She might take her allowance and start a successful business. She might just have a successful business because of all her parents' social connections.
Then dad dies. How do you propose to nullify all the advantages she still enjoys because of her father's wealth?
Can you take away the child's business that was started with a few million dollars from dad? No? But you can take away the million dollars still sitting in the bank?
How about the farm? the house? the boat? Can those not be inherited?
If you reject all inheritance, you reject much of the incentives of capitalism.
> If you reject all inheritance, you reject much of the incentives of capitalism.
I reject the idea that inheritance is a matter of right, and particularly that there is any moral right in extending the will of the dead past their death.
I don't, OTOH, disagree that some inheritance may even socially useful and worth permitting, with appropriate conditions and limitations, on that basis. In fact, I said so explicitly in GP.
OTOH, I'm also not a big fan of capitalism as a system, am glad that it has generally been displaced by the modern mixed economy since being described by its critics, and think that the influence it has on the general shape of modern economies needs to be further curtailed, so I'm not particularly worried that limiting inheritance might further undermine the influence of capitalism; that's a benefit, not a cost.
I was born and grew up under an actual communist rule. It was terrible. Also, it didn't really work due to fundamental human nature.
What human nature you ask? Well, mine for example. I'm working my ass of so that I can have more than you have. So that I can leave my wealth to my children (three so far) so that they can continue from a better position than where I started from (almost nothing, except the education my single mother gave me) to get an edge in life.
You want to take that option away from me? Sorry, not gonna work.
I like the freedom that monetary success gives. I've seen it briefly and it was freaking awesome.
The only reason it gives that freedom though is derived from inequality. The world is an extremely complex system and complex systems have weird emergent and unpredictable behaviours.
Also, some people contribute more than others. I'm certainly not saying that I'm the biggest contributor, but I do know people who can code circles around me (yes, I used to be a software developer, hey, this is HN you know) and really can do things that I could not, because they depend on fundamental understanding of complexity that I'm simply unable to comprehend. There is no way I could have come up with Paxos for example and clearly it has been extremely useful technology. Also I'm sure the inventor (Alan Kay, IIRC) makes a ton more money than I do and he deserves it!
There is no fundamental equality, because people are not equal and peoples contribution to society is not equal.
Bezos already has paid more taxes than I will ever pay - so he has in fact contributed more.
Unfortunately for you, that is not up to you to decide, but to society as a whole. And society has those pretty fun tools like police forces, etc.
But don't worry, there are much bigger fish to fry than you. You probably won't even be impacted, given the amount of wealth that can be recuperated from the leeches at the top, we can probably already make a much more egalitarian society.
So, the problem here is that I don't understand why you think Jeff Bezos is a "leech" exactly. The guy built a business and became very successful. What the heck is wrong with that?
I'm building a house for me and my family. I mean literally building it myself, not hiring people to build it for me. It's fun - sometimes. Other times it's hard and frustrating.
I've also been involved in building three companies so far. That has been fun - sometimes. Other times it's hard and frustrating.
If one of those companies is/was successful, would I also be a "leech" by your definition?
Absolutely! And in most likelihood, such a system will never be put in place, so you can sleep soundly.
Amazon could run very well without Bezos, at this point, solely through workers. Bezos at this point serves nothing but effectively leeching the wealth produced by employees. But appropriation of the means of production is not the subject.
Bezos being successful is not the issue. However, he is effectively an annuitant, and produces very little of value. This brings up the question of why does he deserve that money now? As he's been building the company, yes, eventually (and even then, his only contribution is capital. The rest of his work can be done by anyone else). Nowadays? I'm doubtful.
Secondly, this fortune would much better serve society as a whole than be passed through generations, effectively creating a lineage of oligarchs. If I have to choose between bettering the living conditions of millions or letting Bezos keep his net worth... I'm not going to cry for him.
The most important question is of course, how much should be taxed, and what amount of wealth is too much? Everyone will have different answers. But there are other solutions to taxation. Capping salaries and profits from shares to a factor of the lowest salary in the company, etc.
If one of those companies is successful, that you have managers upon managers doing most of the work for you, yes, you would be a leech.
Good luck on that house, however. I know from first hand experience that it is a tough thing to do. Make sure everything's done properly.
Sorry for the long time to reply, this is one of the best conversations I've had on HN yet. It's always fascinating to talk to someone with a radically different opinion on things! Thank you for that!
Your argument seems to be that amazon could and would have run just as well without Bezos. The counterargument for that is - why isn't any other company in the same line of business nearly as successful as Amazon then? Clearly, if the concrete people don't matter and the only contribution of the leader is capital, then there is no particular reason why another, as-well-capitalised company shouldn't be as successful as Amazon? Yet none are. Why?
My argument is that a good manager can bring 10 people who separately would each be capable of making 1 abstract thing per month together into a team and create 100 abstract things per month.
There is a saying - a person is smart, crowds are dumb. What Bezos and other leaders bring is the ability to make crowds smart and work together towards a goal.
So, if a good leader can effectively make the difference between a successful company and a broke company, then I do think he deserves 100x or a 1000x more than some guy who's looking for every possible opportunity to slack off and do as little as possible.
Also, you argue that he has already contributed all he can and is now just reaping the rewards from his previous efforts. Doesn't the same apply for any pension scheme though?
People care about what's going to happen after they die. You can see this from any global warming activist. They're not concerned about their own live but about future generations. Are you saying they should mind their own business and ignore the grandkids who might have more storms and famines?
> Are you saying they should mind their own business and ignore the grandkids who might have more storms and famines?
No, I'm not.
I'm saying that once they're dead, what they cared about when they were alive matters, if at all, because and to the extent people still living care about it, and that there is no inherent right that the dead have to have their will dictate actions or rights of the living once they have died.
that's not the same type of thing as inheritance of material property and money. the inhabitability of the earth is an existential priority. what we do with leftover bank account balances when someone dies is not.
