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PostPosted: Thu Feb 06, 2014 5:52 pm 
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Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum. Then again you would be ok with the government giving the same person money, right?


I don't look at it that way. There are a finite number of resources on earth. I certainly don't believe some people are more entitled to them than others mainly via an accident of birth, I'll tell you that. "Government" is just a construct over which the wealthy have much greater influence than the workers.

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PostPosted: Thu Feb 06, 2014 5:55 pm 
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Scorehead wrote:

Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum. Then again you would be ok with the government giving the same person money, right?

Ideally more balance in opportunity would eliminate the need for govt aid


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PostPosted: Thu Feb 06, 2014 5:58 pm 
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Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.

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PostPosted: Thu Feb 06, 2014 6:03 pm 
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Let me just say I would be OK earning nothing and living off what my parents gave me. I honestly could do nothing, what I would do might not profitable. Then again it might, but I wouldnt have to worry about it. Money does change people drastically. They can say it doesnt, but it does usually. I dont think i would change that much, but I would be OK trying to find out.

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PostPosted: Thu Feb 06, 2014 6:03 pm 
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Joe Orr Road Rod wrote:
Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.

You're going to have to spell it out for him


Scoreheezy, if your kids need to buy a house they should just work harder like you advise poor people to do

If they just work harder, they'll automatically be able to afford the house


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PostPosted: Thu Feb 06, 2014 6:13 pm 
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bigfan wrote:
Let me just say I would be OK earning nothing and living off what my parents gave me. I honestly could do nothing, what I would do might not profitable. Then again it might, but I wouldnt have to worry about it.


Me too. But I'm pretty good at separating the personal from the political. :lol: I'm anti-abortion but if I happened to knock some outside woman up, I'd make sure she was first in line at Planned Parenthood. Some might call it hypocrisy. I'll take the crap.

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PostPosted: Thu Feb 06, 2014 6:28 pm 
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Joe Orr Road Rod wrote:
bigfan wrote:
Let me just say I would be OK earning nothing and living off what my parents gave me. I honestly could do nothing, what I would do might not profitable. Then again it might, but I wouldnt have to worry about it.


Me too. But I'm pretty good at separating the personal from the political. :lol: I'm anti-abortion but if I happened to knock some outside woman up, I'd make sure she was first in line at Planned Parenthood. Some might call it hypocrisy. I'll take the crap.


Jesus didn’t limit his ministry to the four walls of the church. He was out there fighting injustice and speaking truth to power every single day. He was out there spreading a message of grace and redemption to the least, the last, and the lost. And our charge is to find Him everywhere, every day by how we live our lives.

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PostPosted: Thu Feb 06, 2014 7:48 pm 
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Jorr you are just stirring things. If I lived my life and did all the right things theoretically and had a few million I could plan accordingly. The govt will take some, my kids hopefully are grown and have been doing their thing. So their % gets set accordingly. As for grandchildren I would set trust funds up so not a dime until 25 and try to set some rules to avoid Hilton behavior. Why is that not smart and okay?

Lastly, anyone that claims if they could start each of their kids off with a house and a savings account say at the marriage/grown up age like 26? is wrong is really wrong.

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PostPosted: Thu Feb 06, 2014 7:51 pm 
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rogers park bryan wrote:
Joe Orr Road Rod wrote:
Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.

You're going to have to spell it out for him


Scoreheezy, if your kids need to buy a house they should just work harder like you advise poor people to do

If they just work harder, they'll automatically be able to afford the house



<crickets>

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PostPosted: Thu Feb 06, 2014 7:54 pm 
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pittmike wrote:
Jorr you are just stirring things. If I lived my life and did all the right things theoretically and had a few million I could plan accordingly. The govt will take some, my kids hopefully are grown and have been doing their thing. So their % gets set accordingly. As for grandchildren I would set trust funds up so not a dime until 25 and try to set some rules to avoid Hilton behavior. Why is that not smart and okay?

Lastly, anyone that claims if they could start each of their kids off with a house and a savings account say at the marriage/grown up age like 26? is wrong is really wrong.


I'm not judging it as right or wrong. Within the context of our society, it's perfectly fine. But I do find it a bit disingenuous to scold people who are lower on the ladder of success that they need to work harder while handing a child who hasn't worked at all a big head start. Isn't that fair to say? What are our values, really? Do we truly respect hard work? I think the answer to that has to be an unequivocal "no". We respect money and power, regardless of how it was acquired. Am I wrong?

And that's what this thread is about. Sam Zell and the other goof holding out "WORK" as this premium value and suggesting that the people who have accumulated the most have worked the hardest, which could not be further from the truth.

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PostPosted: Thu Feb 06, 2014 8:10 pm 
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I think in my example I have illustrated a way in which heirs are not getting money without having done something for themselves first. At least that is what I wanted to show.

As far as looking down on lower class I see what you are going for. Arguments like that are too broad though. For every few lazy trust fund people there are in fact a proportionate amount of lazy poor people. Statistically it simply must be I guess?

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PostPosted: Thu Feb 06, 2014 8:14 pm 
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pittmike wrote:
I think in my example I have illustrated a way in which heirs are not getting money without having done something for themselves first. At least that is what I wanted to show.

As far as looking down on lower class I see what you are going for. Arguments like that are too broad though. For every few lazy trust fund people there are in fact a proportionate amount of lazy poor people. Statistically it simply must be I guess?



If we raise our kids properly in practice, then in theory they won't need any money from me. The downside to leaving cash to family far outweighs the upside.

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PostPosted: Thu Feb 06, 2014 8:24 pm 
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Seacrest wrote:
Jesus didn’t limit his ministry to the four walls of the church. He was out there fighting injustice and speaking truth to power every single day. He was out there spreading a message of grace and redemption to the least, the last, and the lost. And our charge is to find Him everywhere, every day by how we live our lives.


so you do agree the republicans should stop filibustering unemployment insurance?

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PostPosted: Thu Feb 06, 2014 8:25 pm 
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Seacrest wrote:
pittmike wrote:
I think in my example I have illustrated a way in which heirs are not getting money without having done something for themselves first. At least that is what I wanted to show.

As far as looking down on lower class I see what you are going for. Arguments like that are too broad though. For every few lazy trust fund people there are in fact a proportionate amount of lazy poor people. Statistically it simply must be I guess?



If we raise our kids properly in practice, then in theory they won't need any money from me. The downside to leaving cash to family far outweighs the upside.



If you are correct and you give some portion to charity what are you going to do with the rest? After all it is yours.

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PostPosted: Thu Feb 06, 2014 8:28 pm 
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Assuming I live to a normal age, there ain't gonna be no cash left, so I don't have to worry about that!

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PostPosted: Thu Feb 06, 2014 9:58 pm 
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pittmike wrote:
Seacrest wrote:
pittmike wrote:
I think in my example I have illustrated a way in which heirs are not getting money without having done something for themselves first. At least that is what I wanted to show.

As far as looking down on lower class I see what you are going for. Arguments like that are too broad though. For every few lazy trust fund people there are in fact a proportionate amount of lazy poor people. Statistically it simply must be I guess?



If we raise our kids properly in practice, then in theory they won't need any money from me. The downside to leaving cash to family far outweighs the upside.



If you are correct and you give some portion to charity what are you going to do with the rest? After all it is yours.


I'm going to probably do something like my father has already done. He did well after 50. (You are welcome dad.) Not Zell money, but between $1.5 and $2M. He took what he had and gave it to a charitable trust. They invested it and give him a dividend every year. My mom passed a couple of years ago, and my sister passed 21, so when he dies, the money goes to the trust.

The sale of the home is split between the kids. I might see $25K some day.

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PostPosted: Thu Feb 06, 2014 10:25 pm 
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Well admirable just not what I would do. Definitely I would set up some charity but passing it along is my way.

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PostPosted: Thu Feb 06, 2014 10:33 pm 
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What scorehead is saying is not crazy: One of the basic mantras of being a parent is that you always want your kids to have it better than you had it. It doesn't matter what your starting point was vs their starting point - every parent wants the best for their kids.

That being said - I believe the new "craze" among the baby boomers is that "it's their money, their gonna spend it how they want to". If there is inheritance left over, then so be it.

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PostPosted: Thu Feb 06, 2014 10:36 pm 
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My dad always says he is going to bounce his last check.

I have an aunt and uncle with no kids, I think are going to divvy it up between nieces and nephews that they feel are "deserving."


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PostPosted: Thu Feb 06, 2014 10:39 pm 
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pittmike wrote:
Well admirable just not what I would do. Definitely I would set up some charity but passing it along is my way.


I won't be telling you what to do with your cash.

I have worked for a few guys that had tens of millions of dollars.

The amount of time that appeared to be spent on looking after their money was excessive. It looked like too much work and worry to me.

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PostPosted: Thu Feb 06, 2014 10:44 pm 
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spanky wrote:
What scorehead is saying is not crazy: One of the basic mantras of being a parent is that you always want your kids to have it better than you had it. It doesn't matter what your starting point was vs their starting point - every parent wants the best for their kids.

That being said - I believe the new "craze" among the baby boomers is that "it's their money, their gonna spend it how they want to". If there is inheritance left over, then so be it.

Absolutely nothing wrong with it.

I think its just being used to show that "just work harder" is not a complete solution for poor or middle class people wanting to improve their situation

The statement just work harder implies the poor people arent already working hard


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PostPosted: Thu Feb 06, 2014 10:50 pm 
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rogers park bryan wrote:
I think its just being used to show that "just work harder" is not a complete solution for poor or middle class people wanting to improve their situation

The statement just work harder implies the poor people arent already working hard

I completely agree. Many people I've met living at/near poverty are working harder than anybody else I know. Hard work is not a direct pathway to financial success. That's an unfortunate misconception.

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PostPosted: Thu Feb 06, 2014 10:53 pm 
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Spaulding wrote:
My dad always says he is going to bounce his last check.

I have an aunt and uncle with no kids, I think are going to divvy it up between nieces and nephews that they feel are "deserving."


You're rich Spaulding.

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PostPosted: Thu Feb 06, 2014 10:57 pm 
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Joe Orr Road Rod wrote:
Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.


You don't think that work = good? It is good to work, no?

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PostPosted: Thu Feb 06, 2014 10:57 pm 
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You are too, seacrest.


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PostPosted: Thu Feb 06, 2014 10:59 pm 
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Scorehead wrote:
Joe Orr Road Rod wrote:
Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.


You don't think that work = good? It is good to work, no?



He is saying that:

You tell others to reach financial success by working harder.

But it's ok for your kids to reach financial success by you giving it to them.

I mean SH, do you really think that most current immigrants don't work hard?

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PostPosted: Thu Feb 06, 2014 11:00 pm 
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rogers park bryan wrote:
Joe Orr Road Rod wrote:
Scorehead wrote:
Who said anything about leaving money to a child who has worked not at all? I said that it is a parents responsibility to instill good work ethic in their children. I'm not sure that I would leave everything to a child of mine if he/she was a lazy bum.


Whatever you give them, it's something they didn't work for, no? I just want to get to the heart of this work = good philosophy that you- and many of my right wing friends- constantly spout, but clearly do not believe.

You're going to have to spell it out for him


Scoreheezy, if your kids need to buy a house they should just work harder like you advise poor people to do

If they just work harder, they'll automatically be able to afford the house


No. They are my kids & I feel a responsibility as their parent to help the kids that I raised & love. Nothing is "automatic" in life. Too many people think that some things are or should be.

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PostPosted: Thu Feb 06, 2014 11:00 pm 
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Spaulding wrote:
You are too, seacrest.


For the same reasons as yourself.

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PostPosted: Thu Feb 06, 2014 11:02 pm 
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Because we don't eat gluten!


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PostPosted: Thu Feb 06, 2014 11:03 pm 
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Spaulding wrote:
Because we don't eat gluten!



And because we have awesome families.

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