Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
He gives benefit to society. That’s how he gets rich: by giving a benefit to society, and his riches represent the unpaid recompense from society back to him.
If he were living, he could, for instance, buy a restaurant meal with that money. In that way, society would pay him back by cooking him a meal at the restaurant.
Instead he leaves the money to his children, and they - for instance - buy a car. Then, society pays back the man who benefited them by providing a car to his child.
What a benevolent view of rich people. Not sure I share it. Some subset of them probably fit this mold but plenty got rich wrecking the environment, deferring and externalizing costs that ought to have been borne by the business. Not leaving a better world for others to enjoy. So they extracted wealth from society and instead of that $ going towards mitigation of those damages they pass it to their kids and leave the cleanup for the rest of us.