how does it not apply for inheritances? That money that was inherited came from delivering a good or service in a voluntary exchange. Just because the money was passed down a generation doesnt mean that money was acquired any different way.
I think you may be trying to point out that the inheritance isnt deserved because the receiver didnt create the wealth. I see inheritances as how the rich choose to spend their money. Some give it to charity, some give it to their kids (which could be a form of charity), some spend it frivolously. Doenst change the fact that the money was generated by creating wealth in the first place.
I think you may be trying to point out that the inheritance isnt deserved because the receiver didnt create the wealth. I see inheritances as how the rich choose to spend their money. Some give it to charity, some give it to their kids (which could be a form of charity), some spend it frivolously. Doenst change the fact that the money was generated by creating wealth in the first place.