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#inheritance

9 posts4 participants2 posts today
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#Adoption became a prominent part of Roman law and socio-cultural custom on account of #inheritance laws. Those with means would adopt those they deemed worthy inheritors of their estate; sometimes the adopted "sons" were older than the adoptive "parents"!

Paul took up this reality and applied the metaphor to our relationship with God: God has adopted us so we can become His heirs, and joint-heirs with Christ, provided we suffer with Him.

A quotation from Wendell Berry

But there is another form that life can take. We can learn about it from exceptional people of our own culture, and from other cultures less destructive than ours. I am speaking of the life of a man who knows that the world is not given by his fathers, but borrowed from his children; who has undertaken to cherish it and do it no damage, not because he is duty-bound, but because he loves the world and loves his children; whose work serves the earth he lives on and from and with, and is therefore pleasurable and meaningful and unending; whose rewards are not deferred until “retirement,” but arrive daily and seasonally out of the details of the life of his place; whose goal is the continuance of the life of the world, which for a while animates and contains him, and which he knows he can never encompass with his understanding or desire.

Wendell Berry (b. 1934) American farmer, educator, poet, conservationist
The Unforeseen Wilderness: An Essay on Kentucky’s Red River Gorge, ch. 2 “The One-Inch Journey” (1971)

Sourcing, notes: wist.info/berry-wendell/77816/

The median US household income is $81k. At a conservative 4% return you can earn that on $2M. Therefore, inheritance tax should start at $2M and rise steeply (21%, per $2M, imo) for every multiple of $81k you earn. You're already inheriting enough to live better than the median household while doing zero work, and if your parents want to transfer more wealth to you then they need to work towards raising the median income instead of hoarding assets. #incometax #inheritance #economics #uspol

During a basketball class I went to ask him which hand was my left hand so I could follow the coach’s instructions. He slapped me in front of everyone and told me “that’s your left hand” then glared at me like I was an idiot.
medium.com/prismnpen/the-inher

Prism & Pen · The Inheritance and Other Carnivores: An Arab Gay Man and His FatherBy Intesar Toufic

Another economist warns about intergenerational wealth in Australia

Why are more economists talking about Australia’s intergenerational wealth challenges? Guy Debelle, a former Reserve Bank deputy governor,…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #GuyDebelle #inheritance #KenHenry #Propertyprices #ReserveBankofAustralia #retirementplanning #wealthdistribution #wealthtransfer
newsbeep.com/us/6127/