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Wooly

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)

brucedoe
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