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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (251690)	9/17/2005 3:40:56 PM
From: tejek	Respond to of 1575859

Not really. It is an example of social engineering though. The idea is that everyone needs to work to have a decent stake in society. If you are at the top, you have to work less than those at the bottom, but some minimal effort needs to be exerted. Why should a Paris Hilton skate through life because a n'th ancestor worked hard? She is a parasite, and her parents likely were. Everybody should have some stake in progress or we go the way of every empire that preceded us. Look at Galveston, they were one of the wealthiest cities, probably the wealthiest city in the US on a per capita basis. But the bulk of the wealth was concentrated in a few families(the Moody's, Stewart's and to a much lesser extent the Kempner's), and they liked the status quo. Even if the Great Storm of 1900 hadn't of happened, Galveston would have drifted down. Yeah, ok, until her death, the wealthiest woman in Galveston lived behind the Dairy Queen, but that is more an accident of circumstance than an expression of egalitarianism. And her son, Shearn, is/was totally worthless. For better or worse, money is power. To cede power to someone just because their ancestors did good work is a formula for disaster. If you restrict that power to one or even two generations that will work. To cede that power forever is a recipe for disaster. I agree completely. The irony is that Barron Hilton did not believe his progency deserved to get his money. He willed the bulk of it to charity. After his death, they fought the will and won. Clearly, the Hilton gene pool has weakened even further since then. ted