The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Disability: How the unemployed survive||Date: 3/27/2013 5:12 PM|
|Author: brucedoe||Number: 419059 of 505801|
Ahem. It sounds like you have made a case against inheritance as it promotes sloth or welfare for the wealthy just as welfare does for the indigent. If this is your point, I buy it; however, deep in the human psyche is a desire to leave something, even a lot, to the future generations of your family, whether it is good for them or not.
A good case in point was Hamm's beer (from the land of sky blue waters...) whose fourth generation sold the company to Heileman's and then Olympia (which I believe no longer exists).* But then companies are throw away institutions and are not meant to last forever though companies like IBM and Corning are making a good stab at it. But they are not in the same business they started with. U.S Steel is a survivor that is still in the original business of making steel, I believe. They were the largest corporation in 1900, and, though they are no longer the largest company, they are still significant.
* But apparently you can still find Hamm's if you look hard enough as Miller produces some. (http://en.wikipedia.org/wiki/Hamm's_Brewery)
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|