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87 Comments
- bjornski, on 06/21/2008, -2/+42My parents have flat-out told me "We're off spending your inheritance. Don't expect anything".
Basically my response was "That's ok. I'm spending your nursing home money then too. Don't look to me for help either."
Compassionate Conservatism in action!
/they saw just how badly it ***** them over when my mothers parents had to move in with them. And they're more than happy to do it to me and my sister. - stotch, on 06/21/2008, -6/+37meh, Im not worried
- I'm canadian so my parents will have cheaper healthcare
- they have Gov. pension plans
- It will be the future, so if my parents dont give me an inheritance ill just storm into my holodeck and blow off some steam in a 45 minute orgy involving one woman from every country, which I like to call "around the world in 80 lays" - mal1964, on 06/21/2008, -1/+30I'm an only child so i got everything, But I'd give it all back and everything i own not to have received it so soon.
- scalded, on 06/21/2008, -0/+22As my father once said, "some day, son, none of this will be yours."
At least I'll inherit that joke. - haterrade, on 06/21/2008, -0/+19i'm a fairly standard tax/spend/screw-the-rich-give-us-your-money liberal, but i'm not sure how i feel about an inheritance tax...it's already been [ideally] taxed once when they earned it, you know? at that point the government really has no right to it, maybe a threshold at a certain point when inheritance above it can be taxed again would be ideal (yessss...figured out a way to stick it to the rich)
- inactive, on 06/21/2008, -0/+19If you have a career and live within your means, there is absolutely no reason to need or expect an inheritance. Start saving early, and by the time the people expecting inheritances are disappointed, you'd already have double what they expect through the magic of compound interest.
- Nintendesert, on 06/21/2008, -2/+15Why should anyone expect an inheritance? They didn't earn that money. They should go earn their own damn living. I never understood how some people expect to get what their parents earned. Especially the uber rich like Hilton etc.
- bjornski, on 06/21/2008, -0/+13They spent their whole lives trying to instill the "***** you, I've got mine" mentality into me, and I think I'm catching on now.
- Dewhead, on 06/21/2008, -2/+13I want my parents to spend every last cent before they die! I want them to travel and enjoy. They worked hard, raised a family, and were financially responsible. They deserve it. The government doesn't--which is where most of their money will go after they die.
- Y0tsuya, on 06/21/2008, -0/+9No, those will just all move to the holodeck.
- Y0tsuya, on 06/21/2008, -2/+11Remind them to set aside money for their funerals if they don't want their carcasses to rot in the sun.
- Genshinx, on 06/21/2008, -3/+12That's why sometimes you have to take matters into your owns hands, if you catch my drift....
*Laughs manically* - Memitim, on 06/21/2008, -0/+9If there happens to be something worth inheriting when the wife and I kick off then my daughter is more than welcome to it. But if eighteen years of support, education, and training followed by ongoing mentoring and financial support still isn't enough for her to get her ***** together then there isn't an inheritance large enough to fix that kind of *****. I'll just die a parental failure, like so many other parents, and damn the inheritance.
- fuknuck, on 06/21/2008, -2/+11#9 Your dad's new girlfriend.
- haterrade, on 06/21/2008, -0/+8once that holodeck is created i'm pretty sure all warring, conflict, ***** television programming, garbage commercial music, and corporate corruption will cease to exist
- CrazyChair, on 07/21/2008, -1/+9What a lovely family :)
- Eric3k, on 06/21/2008, -1/+8I have always found it odd that people push for inheritance tax. A will is standard issue in western society. When someone dies there are unowned assets. What has society done to deserve the assets? Family is a cornerstone of humanity. Generally families watch out for themselves and relieve the burden of the greater society. We pay taxes to catch those that fall through the cracks while we are alive. I really can't see where government is owed any more in death while the family has cared for itself if it amassed some degree of wealth and already paid it's share and will continue to do so. I have no personal stake in this since I won't receive anything to speak of nor does it look like I will leave much either.
- aristideau, on 06/21/2008, -1/+7Do I read this correctly, not everyone is entitled to a pension upon retirement in the US? (and I thought your medicare system was crap)
- Shaderone, on 06/21/2008, -1/+7You'd use less?
- starbuxadct, on 06/21/2008, -1/+7I have no problem not receiving any sort of inheritance. It is their money and assets to do with as they please! The only thing that I would 'expect' is that some of the furniture and items that have been in the family for 2 and 3 hundred years be passed on.
Man.. after reading these comments I sure am a little more thankful for the family I have. But, I already have been for most of my life.
But I'm even more thankful that I am not a part of the me me me and mine mine mine generation. - Red1000, on 06/21/2008, -0/+6Which shows that the underlying issue that no one wants to talk about: greed. I can understand getting a reverse mortgage or not leaving an inheritance if you don't have kids, but many of these baby boomers received inheritance from their parents and/or grandparents and are not passing it along to their children.
- gryphon50, on 06/21/2008, -0/+6kick them right back out to the curb then.
- unpluggedboy, on 06/21/2008, -2/+89. If Obama's elected, there'd be no wealth to inherit.
- bjornski, on 06/21/2008, -1/+6You'd need less?
- InorganicMatter, on 06/21/2008, -1/+6I have never expected or depended on receiving anything from my parent's, and I simply cannot understand the attitude of people taking their eventual inheritance for granted. It's ridiculous.
- bipolarruledout, on 06/21/2008, -0/+5Yha... I hear that a lot saddly. But it's also kind of touching becuase some many people have such terrible relations with their parents and I wonder if those are the ones that will have real regrets.
- Aethirig, on 06/21/2008, -1/+6It's my dad's money, let him do what he needs to do.
He's already given me lots -- support for starting my own business, support through some dark times (don't ask him about it), a certain sense of tolerance for my thorough irreligion, techie genes, a newfound political activism (he's from the 60s, he'll be proud), and most importantly, a sense of independence.
Seriously, what's the issue here? - bloodguard, on 06/21/2008, -1/+6I know someone (~50) that's foaming at the mouth, "I'm going to sue!", mad at his parents (late 70s) because they've taken out a reverse mortgage and are wasting it (his words) on cruises. He's predicated most of his slacker existence in the expectation that he'd be gifted with a phat retirement plan called "mommy and daddies" money when they kick it. He's wigging out now that he sees it just floating away.
- spawnfree, on 06/21/2008, -0/+4artificial intelligence should be invented, just in time to be driven insane by rendering nothing but naked bar room brawls.
or something... - designer, on 06/21/2008, -2/+6On the bright side, your parents won't have as much time to spend their money because they have Canadian healthcare.
- inactive, on 06/21/2008, -0/+4Loads of small farms were ***** over by inheritance tax when property prices went sky high and they were taxed on that value.
- bipolarruledout, on 06/21/2008, -0/+4And then moving in with YOU! It's not enough to just to suck up are our social security contributions. I just got my social security statement and it might as well have said "in a world of rainbows and sunshine you will be getting this much each month upon retirement..... but don't count on it."
- ShrikeDeCil, on 06/21/2008, -0/+3We have a 'social security' system. But it isn't based on returning your own income with interest - it's a slice of whatever the SS taxes raised that year (basically). It's also pegged to a specific set of ages (65ish), where actual usable life expectancy is climbing well past that.
Because of the way it's arranged, and the way the 'Baby Boom' of the 1945+ years played out, there's going to be a hell of a lot of retirees and a distinct lack of payers at some point. Anyone currently under around 40 essentially knows the system is going to be completely hosed before they get anything. - CrazyChair, on 07/21/2008, -3/+6... ... ... ... ... ... ... ... ... ... ... ... ... ...|... ... ... ... ... ... ... ... .._,,-~~~-,-,,_
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LIAR! - ketemphor, on 06/21/2008, -0/+3If you mean by his "ranks", the super-rich, you're wrong. Warren Buffet and George Soros have both vocally criticized repealing the estate tax.
- reddikilowatt, on 06/22/2008, -0/+3Stupidity knows no age barrier.
This sort of behavior is not what the article is referring to. A lot of parents want to reach beyond the standard "American Dream" and make sure their family can continue on for generations. A few will succeed, but most will not. - bjornski, on 06/21/2008, -0/+3But that's okay!
They got THEIR free Hover-Rounds!
Everyone else? I guess we can rot. - gryphon50, on 06/21/2008, -0/+3sounds like you had great parents. That is a terrible loss. I doubt I get any inheritance because I have four sisters, but I think I speak for all of them when I say that we would be willing to forego any inheritance just to get rid of my mother as soon as possible. She's made our lives hell and the thought of having to put up with her for another 10-15 years is difficult to bear.
- pradaaddict, on 06/21/2008, -2/+5its actually quite the opposite. if you take the time to read the comments you would see how dumb your comment is
- reddikilowatt, on 06/22/2008, -0/+2I especially like the disclaimer at the bottom about the law can change at any time and this is just a guide.
- reddikilowatt, on 06/22/2008, -0/+2Spoken like someone who doesn't think they'll get anything. Imagine if your great, great, great grandfather invested several hundred dollars in a savings account, with the stipulation that it would go to you, as long as you exist. Using the standard time-value of money, you'd have quite a nice cache. At some point, you could easily live on the interest. And having that money available means you don't necessarily have to work right away, so you can spend more time on advanced degrees, or take a mail-room job at a Wall St. firm, or buy the Texas Rangers. Along the way, you meet other people who are sons of movers and shakers, who can hook you up with bigger deals down the road.
I think Chris Rock explains it best:
http://www.youtube.com/watch?v=CDkCE7WqxOE
The sad reality though, is my parents were some of the first to see their parent's savings eaten up by their retirement. My folks keep telling me that I'll inherit their savings, but I already know better, having seen my grandparents outlive their pensions and savings.
And if you don't have children, I don't think you can understand why parents want to pass along wealth to their children. It is one of those basic, primal urges that gets deep into passing along your genetic code and whatnot. - Red1000, on 06/21/2008, -0/+2That argument would only be valid if they had refused the inheritance that was given to them. To take from the system of inheritance, but not give back when it is your turn is selfish.
- 3Den, on 06/21/2008, -1/+3This sickens me.
Really.. is your plan to be happy in life "wait for my parents to die so I can have their money and stop worrying about cash?" (That won't work, by the way)
If your folks have a plan to leave you something, chances are you are already sharing it while they are alive.
If they don't.. what are you waiting for? - ketemphor, on 06/21/2008, -0/+2You know ... that's the way it is NOW. Inheritance tax doesn't kick in until after the first million dollars.
- inactive, on 06/21/2008, -1/+3@bjornski: More taxes is never a good thing.
- reddikilowatt, on 06/22/2008, -0/+2Your employer gives you money? Are they hiring? See, my employer pays me money and other benefits in exchange for work. Work, in this country, is taxed (and at a much higher rate than your employer is likely paying).
- Balthasar, on 06/21/2008, -1/+3Haha funny... Most countries that normally guarantee one will have a hard time paying them out in a few decades because there will be much more retired people than people paying into it. Anyone who is financially responsible can save more than enough in their working years to retire more than comfortably. Why should one live with the expectation that they are going to get an inheritance. Make your own money lazy ass.
- Eric3k, on 06/22/2008, -0/+2I wouldn't say no wealth, just less wealth. He won't be king but would probably not stand in the way of higher taxes on the wealthy in life or in death. If congress passes such reforms he will probably sign them. No 100% tax is going to be passed tho. I am not voting for him.
- inactive, on 06/21/2008, -1/+3Inheritance is not just pure cash though. It's assets as well.
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