
Originally Posted by
clarkatticus
Note that I underlined the word "earned". This is the oft ignored point in capitalistic conversations. Leaving vast assets to one's children is feudal not capitalistic. Capitalism is survival of the fittest, the smartest, the hardest worker who earns their money. Not taxing capital gains is unfair, no good argument says it is good for the economy and thus the nation, which, by the way is the only good reason capitalism exists, because it benefits the society that practices it however imperfect.
Capitalism exists for a variety of reasons, I'd suggest the primary reason it occurs is the natural belief that a man can and should be able to own property. At it's core, that's all capitalism is -- it's the economic system that results when we acknowledge a man's right to possess things and use what he owns for commerce.
Folks may disagree with what it means to own something. Ownership seems to imply the right to consume or dispose of something as one would see fit. Sure there's limitations, where those acts are violent or dangerous. You can't dispose of TNT in town square, but no one questions your ownership of it. If you have a stack of eggs, no one questions your right eat them, save them, or destroy them. No one complains when you choose to make breakfast with them for your children and not necessarily the children of your neighbor.
But something happens when that stack of eggs get's bigger. Folks desire for those eggs grows as well. For no other reasons than that desire, people seem to feel your right to own them is diminished. That eating them yourself is no longer reasonable, that destroying them is criminal, that saving them is hording. And when you give them to your children they complain that those children didn't earn the breakfast you're giving them -- while forgetting you did.
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