Comment by altmanaltman
2 hours ago
What do you mean that's what capitalism is about? It's about capital. It doesn't asks where you get that capital - if you have $100,000 that you inherited vrs $100,000 you earned, JPM will still see it as just $100,000. So yes, by capitalism, if your parents did a lot of hard work and saved the capital and gave it to you, you have it. Where does it make a moral judgement that it's wrong to have inheritance or right to earn it by the bootstraps?
And no, I mean every trade secret of the company should become public and anyone should be able to create its products and brands. Basically, do to them what you propose to do to writers and artists - why must their families benefit from their work?
To your second point: a company (or any kind of organisation) is continuous work. It's a very obvious retort to your analogy. It would be akin to the author writing a book in a series every year for twenty years, then giving their rights to their child who keeps writing books every year, and every book only has 20 years of copyright. Seems fair to me.
To your first point: inheritance has a concentrating effect on wealth. Concentration of wealth is not a good thing, as it breeds inequality by definition.
If your grandparents gave you a house for free, and you used that enormous advantage to pur your money elsewhere and then own 2, 3 houses, and your child then gets 10, that's 10 houses that people could own themselves, instead of paying the highest rent that your child can get away with.
If you have any experience of poverty, you should understand how viscerally unfair the existence of 'rich kids' seem, and how damaging it is to society.