Quote:
Originally Posted by stustaff
If a man built a house and sold if for a $10 million dollar profit or just made $10million in his lifetime, Should that money go to his chindren and their children and their children and perhaps another 3 generations all earning interest from something that their great great great grandfather did 125 years earlier?
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I have no problem with making money by doing something economic. You then can do whatever you want with the money, spend it, pass it on to your kids, give it away, burn it, ect.
What I object to it is making people pay for transactions to people who had nothing to do with the original transaction, in near perpetuity.
Let me turn it around. Imagine we are talking about an unsecured mortgage. The terms of the mortgage is the life of the original contractor plus 70 years, and extendable by the entity who loaned the money anytime they can bribe the government to extend it. The heirs have to pay the mortgage until the loan is done, which could easily be longer than their lifetime, with no recourse to avoid payments. Would that be fair?
I state it that way, because all I'm doing in changing an inflow to an outflow. I also note that such terms would be considered illegal in every civilized jurisdiction in the world. So, why is the mirror such a good thing?