Hmm, I feel like I'm being trolled again, but it's a ridicly slow day today so I'll bite again.
Capitalism incentivizes people to produce through work that adds some economic value by paying individuals in proportion to the value their work adds. This is what incentivizes people to develop a work ethic, which in turn drives the economy forward. Without the incentives to develop a work ethic, we have less capable people working to move the economy as a whole in a positive direction (same reason a lot of y'all oppose social support programs, even though most of the time they're used to get underprivileged participating more)
Besides work-ethic, massive wealth hand downs create a problem where financial resources are not being allocated to their best use. Again, because that hand-down money is not necessairly going to the most productive endeavors (like buying government influence to stay wealthy, investing in secondary markets to profit off of asymmetric information, etc), the economy doesn't benefit. When you consider that the boomer generation will hand down something like $60 trillion dollars, that's a lot of mis-allocated resource.
When there's incentive to give larger portions of your estate to a charatible organization that you know will put the money to some better productive use, the entire economy benefits and more people have a better quality of life.
I think the mis-perception that people who rely on charity or government at some point in their life are just degenerate leeches turns people off this idea... but fact is most people want to live and thrive independetly. Supporting more people in achieving this is a much better use that will yield much better economic benefits in the long run.
So no, I'm not butthurt by absurdly rich people because I'm already comfortable financially. Just strongly believe that beyond a certain level, handouts to children do more harm than good.
And that's all I've got to say about that.
