KC, the huge inheritance is everything that has been built, invented and developed up to when the parents die. The piffling amount which individuals leave is tiny compared with the overall value left behind.
30 years ago, I built a water supply valve tower, which is owned by the local government. Yes, I was paid [a derisory amount] along with the rest of us involved in its creation.
Now, 30 years later, some immigrant comes from Iraq, Afghanistan, China or Korea and finds it ready and waiting for them to turn on a tap and hey presto, water. A newborn 21st century Kiwi Kid finds things ready and waiting too.
They don't have to spend any money to enjoy the water supply or the vast array of other great things available to them. Roads, railways, storm-water, sewerage, power supplies, schools, universities, Air New Zealand, hospitals, housing, government, laws, and thousands of other wealth-producing attributes are ready and waiting for them to use, all provided at no charge by those who have gone before.
It's annoying when I think of the effort I have put in, how little reward for it I've enjoyed and I can't capture the value of it because it's all public ownership in a communist system.
I think all citizens should get shares in New Zealand which are tradable and quoted on a share market. Citizenship could be sold, inherited etc. Then people would realize just what value is being handed over to some refugee who arrives and starts enjoying welfare benefits vastly larger than their annual income back in their hovel countries.
I guess a citizenship would be worth about NZ$2 million [US$1 million]. So, when we give away a citizenship, that's NZ$2million being given away.
I've had enough of communism.
Mqurice |
