Quote:
Originally Posted by John Mercier
I think he was just pointing out that difference between generational inheritance that some enjoy (whether the receiving generation or the giving generation, since their children or grandchildren will benefit) and the poverty of homelessness.
Oddly, the increase in the homeless in the area correlates to the issue that the businesses and community has suffered from with increased cost of housing in general.
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The OP noted both self-made wealthy people and those with trusts. Others then felt like he was attacking inherited wealth...
Personally, I think mowterman's excellent point about the huge gap between the rich and the poor is much more important than whether people inherited their properties or not. Like San Francisco, we have a colossal amount of wealth on the lake. (Is it $1 billion in real estate value? Primarily on second homes!) We should not have hungry children nearby or drug addicts laying on the street.