observer Posted December 15, 2009 Report Share Posted December 15, 2009 Doubt it Paul; they'll "employ" someone to do the "fighting"! Quote Link to comment Share on other sites More sharing options...
vic Posted December 15, 2009 Report Share Posted December 15, 2009 If folk who are poor, knew what life has to offer if your rich - maybe they'd die of misery; but fortunately for the rich they don't - so not knowing allows them some happiness in their ignorance! Given that most rich people didn't start out rich, I would suggest that their "happiness" is due to them becoming rich rather than out of their ignorance, also probably explains why they fight to hold on to their wealth. Funny how most poor people don't start out rich though.... Quote Link to comment Share on other sites More sharing options...
disgusted Posted December 15, 2009 Report Share Posted December 15, 2009 Funny how most poor people don't start out rich though....That would be impossible, becasue if they were rich originally they would have had to give their weakth to someone else. Quote Link to comment Share on other sites More sharing options...
observer Posted December 15, 2009 Report Share Posted December 15, 2009 It's an inherited situation for some, and those self made millionaires ensure they start a new generation off with a silver spoon. Quote Link to comment Share on other sites More sharing options...
Bazj Posted December 16, 2009 Report Share Posted December 16, 2009 So what is wrong with making money then giving it to your kids when you die? I love my kids to bits and if I could leave them both as millionaires when I snuffed it I would do. No sense in making life difficult for your own flesh and blood is there? Quote Link to comment Share on other sites More sharing options...
disgusted Posted December 16, 2009 Report Share Posted December 16, 2009 It's an inherited situation for some, and those self made millionaires ensure they start a new generation off with a silver spoon. Do you ever get tired carrying chip on your shoulder? Quote Link to comment Share on other sites More sharing options...
observer Posted December 16, 2009 Report Share Posted December 16, 2009 No! Quote Link to comment Share on other sites More sharing options...
Peter T Posted December 16, 2009 Report Share Posted December 16, 2009 So what is wrong with making money then giving it to your kids when you die? I love my kids to bits and if I could leave them both as millionaires when I snuffed it I would do. No sense in making life difficult for your own flesh and blood is there? Strange statement for someone who detests people getting handouts. Surely, it is better for mankind to work for his results than to have them handed to them on a plate. Quote Link to comment Share on other sites More sharing options...
observer Posted December 16, 2009 Report Share Posted December 16, 2009 Precisely Peter, think you got through on his blind side with that one! Quote Link to comment Share on other sites More sharing options...
Bazj Posted December 16, 2009 Report Share Posted December 16, 2009 Quite the opposite Peter. There is a huge difference between getting state handouts which are paid for by people who don't particularly want their hard earned taxes to pay for a bunch of pregnant teenagers or druggie chavs to live in council houses and me leaving my hard earned cash to the people I love when I die. If you can't see that you must be daft. Obs, you would never get in on my blind side because I have enough foresight to see you coming!! I can't believe that anyone on here would deprive their kids of a chance that they themselves may not have been afforded when they were young. Having grown up in Bewsey and not having a great deal, of cash, I absolutely delight in letting my kids have treats that my parents could never have afforded. My business partner (who also grew up in Bewsey) often recalls the tales of sharing a box room with his brother and waking up to half an inch of ice on the inside of the windows in winter.... We both do OK, but I hope one day to leave my kids a nice big lump to start their lives off on a higher rung than I did. (Unless of course they are a druggie in which case I will leave it all to the RSPCA!) Quote Link to comment Share on other sites More sharing options...
Dizzy Posted December 16, 2009 Report Share Posted December 16, 2009 My business partner (who also grew up in Bewsey) often recalls the tales of sharing a box room with his brother and waking up to half an inch of ice on the inside of the windows in winter.... Sharing box rooms and waking up to ice on the windows was not something that only ever happened in Bewsey Baz We had it too and used to etch our names and put patterns in the ice whilst wrapped in our covers. It was blummin freezing Quote Link to comment Share on other sites More sharing options...
Bazj Posted December 16, 2009 Report Share Posted December 16, 2009 Which is exactly my point Dis. I wouldn't want my kids to go through that and if they have kids; them neither. I want to make as much momney as I can to be comfortable but also to leave as much as I can to my kids to give them a good start.... a bit awkward with the 23 year old as he works for me and is already taking money off me!! Quote Link to comment Share on other sites More sharing options...
observer Posted December 16, 2009 Report Share Posted December 16, 2009 And how does "starting your kids off, on a higher rung of the ladder" tie in with meritocracy? They could be a thick a two short planks, a complete waster etc. I've known self made folk, who've built up a buisiness - and good luck to them: but I've also seen the state of some of the kids who are due to inherit all that hard work - and it merely proves that genetics arn't foolproof. Quote Link to comment Share on other sites More sharing options...
disgusted Posted December 16, 2009 Report Share Posted December 16, 2009 Quote Link to comment Share on other sites More sharing options...
Bazj Posted December 17, 2009 Report Share Posted December 17, 2009 And how does "starting your kids off, on a higher rung of the ladder" tie in with meritocracy? They could be a thick a two short planks, a complete waster etc. I've known self made folk, who've built up a buisiness - and good luck to them: but I've also seen the state of some of the kids who are due to inherit all that hard work - and it merely proves that genetics arn't foolproof. Just like most politicians (past and present) then eh? Quote Link to comment Share on other sites More sharing options...
Peter T Posted December 17, 2009 Report Share Posted December 17, 2009 The point that you are missing Baz, is that because of your upbringing, it made you what you are today. By denying your children a taste of hardship, they will never have that experience as a starting point, and therefore have no need to try. Akin to the silver spoon. Quote Link to comment Share on other sites More sharing options...
LymmParent Posted December 17, 2009 Report Share Posted December 17, 2009 Scuse me, but exactly what should Baz do with his loot when he dies then? If he's not allowed to spoil his kids by leaving them sixpence each, and he can't take it with him, we do seem to be down to the donkey sanctuary and the government, don't we? Quote Link to comment Share on other sites More sharing options...
Peter T Posted December 17, 2009 Report Share Posted December 17, 2009 Put it in Trust until they are about 40, when they might appreciate it and find a sensible use for it. OK? Quote Link to comment Share on other sites More sharing options...
observer Posted December 17, 2009 Report Share Posted December 17, 2009 A sizable inheritance tax and death duties could deal with the problem LP. Quote Link to comment Share on other sites More sharing options...
disgusted Posted December 17, 2009 Report Share Posted December 17, 2009 A sizable inheritance tax and death duties could deal with the problem LP. You mean tax on money you've already been taxed on? Yeah, good idea (no winking smiley) Quote Link to comment Share on other sites More sharing options...
observer Posted December 17, 2009 Report Share Posted December 17, 2009 - or tax your accountant has helped you avoid for years! Quote Link to comment Share on other sites More sharing options...
disgusted Posted December 17, 2009 Report Share Posted December 17, 2009 - or tax your accountant has helped you avoid for years! Or maybe you've paid all the taxes you were due Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted December 17, 2009 Report Share Posted December 17, 2009 - or tax your accountant has helped you avoid for years! Avoidance is legal, evasion is illegal. Quote Link to comment Share on other sites More sharing options...
observer Posted December 17, 2009 Report Share Posted December 17, 2009 That's precisely why I used the term "avoidance"; which for the really rich can result in a tax take of less than 10%; due to the loop-holes left by MPs who are too busy creating loop-holes in their own expense rules. Quote Link to comment Share on other sites More sharing options...
Esteem Posted December 18, 2009 Author Report Share Posted December 18, 2009 A sizable inheritance tax and death duties could deal with the problem LP. You mean tax on money you've already been taxed on? Yeah, good idea (no winking smiley) Tax on money you`ve already been taxed on ? Sounds like VAT and at least a hundred other different taxes I can mention. Quote Link to comment Share on other sites More sharing options...
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