How can people be so pessimistic all the time?

wageslave

ThrowingStonesAtYou wrote: »

Dunno about working 'hardest', but if by smartest you mean sucking up to their elderly relatives to compete for inheritance then yes these people will tend to get a larger share in future.

It may have been the hard workers who prospered in the past, but now its going to be those who get a free ride from the state and those that have rich parents. Why bother working when it would take a lifetimes worth of work to accumulate the wealth you would get by inheriting your grand/parents stuff?

I am embarrassed to admit thats me, well off parent who pretty much hands it out when you go begging.

Isn't that parents do? I will do it for my rug rat when she needs it.

I assumed that was why we were all working ourselves half to death

ThrowingStonesAtYou

wageslave wrote: »

I am embarrassed to admit thats me, well off parent who pretty much hands it out when you go begging.

Isn't that parents do? I will do it for my rug rat when she needs it.

I assumed that was why we were all working ourselves half to death

Of course, and I will help out my children too when they need it, but at the same time kids need a reason to work for themselves and make their own way in life.

Back in the day when people generally died owning little or nothing they could still help their kids out, provide a home to come back to when they need it, probably a few quid here and there. But now its completely gone too far the other way, where you're knackered if you don't have home owning parents, and most of the wealth you will see in your life will be when you parents die and give you their stuff.

It isn't going to do the UK much good as a whole if the working population is too busy mooching off their parents to actually do anything productive to compete in the global economy! Seems like we are going back to some sort of feudal system again.

Dan:_4

ThrowingStonesAtYou wrote: »

Dunno about working 'hardest', but if by smartest you mean sucking up to their elderly relatives to compete for inheritance then yes these people will tend to get a larger share in future.

It may have been the hard workers who prospered in the past, but now its going to be those who get a free ride from the state and those that have rich parents. Why bother working when it would take a lifetimes worth of work to accumulate the wealth you would get by inheriting your grand/parents stuff?

What a poor attitude my friend. So you would rather bum around and wait to inherit what your parents have achieved then actually work for it yourself.

Im sure your parents have worked b.loody hard for what they have got, and your just waiting to inherit it all for nothing - shame on you. If I were them, I would be taking you out the will.

wageslave

Umm Dan, I think you misunderstood.......

ThrowingStonesAtYou

Dan: wrote: »

What a poor attitude my friend. So you would rather bum around and wait to inherit what your parents have achieved then actually work for it yourself.

Im sure your parents have worked b.loody hard for what they have got, and your just waiting to inherit it all for nothing - shame on you. If I were them, I would be taking you out the will.

If it wasn't clear, I have no desire to inherit their money. I work very hard and long hours but I want a chance to make a good life for myself without being dependent on a big unearned payout to have the same chances available to previous generations. I value my parents more than one hundred grand or two.

My parents have worked very hard to be where they are, but if they were my age now there is no way they could get to the same place again, their home is worth over £500k but bought for just £130k 16 years ago (which is what, £200k today?).

wageslave

ThrowingStonesAtYou wrote: »

If it wasn't clear, I have no desire to inherit their money. I work very hard and long hours but I want a chance to make a good life for myself without being dependent on a big unearned payout to have the same chances available to previous generations. I value my parents more than one hundred grand or two.

My parents have worked very hard to be where they are, but if they were my age now there is no way they could get to the same place again, their home is worth over £500k but bought for just £130k 16 years ago (which is what, £200k today?).

I will be perfectly honest. I expect to inherit. The house she can give away to the cat and dog home. That's hers, the rest is mine. I seriously dont see that as a bad thing.

Am I missing something?

Hopejack

Another problem is that not so many people are inheriting these days. Sorry if it's already been mentioned but as we are living longer we are needing more care when older - at the moment care homes outside 'London' can cost around £500 per week, where does the money for that come from? Homes and savings for most people = not much left for dear Son/Daughter to inherit really. Unless of course your parents are exceptionally wealthy....

I, for one, am not expecting to inherit at all from my parents. If I do then great and I know my Mum would want it that way tbh but it doesn't always work out like that sadly.

ThrowingStonesAtYou

wageslave wrote: »

I will be perfectly honest. I expect to inherit. The house she can give away to the cat and dog home. That's hers, the rest is mine. I seriously dont see that as a bad thing.

Am I missing something?

What do you expect to inherit if not the house?

I don't have a problem with inheritance as such, but I do have a problem when inheritance forms a large proportion of the income somebody will ever see in their life.

Even just looking on this forum, there are always topics about people seeking to profit as much as possible from inheritance, almost always about the house as they are now so expensive they are often 10x+ an average salaray whereas in the past they may just be 2 or 3x. I've seen some disgusting behavior first hand when a wealthy elderly person has died and the family have scrabbled to exclude certain people from inheriting any money, even to the point of not informing other relatives of the death. I'm sure this sort of thing is not new, but the stakes are so much higher now, and now for many ordinary people inheritance makes a huge difference to their life, it's like winning the lottery rather than a helping hand like it might have been decades ago.

I don't want to live in that sort of society, i find it depressing thinking about it really. It will destroy families and reduce our already dying work ethic in this country.

ThrowingStonesAtYou

Hopejack wrote: »

Another problem is that not so many people are inheriting these days. Sorry if it's already been mentioned but as we are living longer we are needing more care when older - at the moment care homes outside 'London' can cost around £500 per week, where does the money for that come from? Homes and savings for most people = not much left for dear Son/Daughter to inherit really. Unless of course your parents are exceptionally wealthy....

I, for one, am not expecting to inherit at all from my parents. If I do then great and I know my Mum would want it that way tbh but it doesn't always work out like that sadly.

I can't find the figures but I don't believe a significant proportion of the old go into care homes.. i could be wrong. Even if they do, the average cost is £30k ish per person until they die so minus that off the average estate of somebody who owns an average house you are still left with a small fortune to squabble over.

HAMISH_MCTAVISH

ThrowingStonesAtYou wrote: »

I don't have a problem with inheritance as such, but I do have a problem when inheritance forms a large proportion of the income somebody will ever see in their life.
.

I'll get an inheritance...... A good sized detached house in a nice area split between me and a sibling.

It'll be less than 18 months joint income for me and the missus.

Not exactly a large proportion of lifetime income.:rolleyes: