Wooden Goh chui kong, lampar song when talking about elitism etc

[Confuseous]

There is nothing wrong with inherited wealth. The family and descendants deserved to inherit the wealth of their parents. Their parents worked for it, or their parents took what they could from the system. What was practised in the old system was to retain a tax structure to tax some of the wealth of the deceased estate for the state to redistribute to the people in other ways. As long as the tax structure is reasonable, it is not a bad thing. To allow the whole loot, oops, I mean the whole lot of wealth to be passed down, is only to accentuate the inequality in society and definitely is not promoting meritocracy but elitism. There must be a balance between over taxation and zero taxation on inheritance. Inheritance is entrenched meritocracy and inherited elitism, not individual meritocracy. It is meritocracy of the family, of the tribe. It is not about levelling the playing field. It is elite protecting their elitism and wealth.

When one is bragging about the merits of meritocracy and level playing field, and then supports tax free inheritance, the contradiction is obvious. It is like saying one thing doing another thing. Anyone talking about entitlement mentality of the elite? My family and children and grandchildren are entitled to be elite.

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