Lazy Middle class waiting for Relatives to die

[packman]

This will twist your girdle around your private parts. All you lazy, middle class and lower class people are just sitting around waiting for your elders to pass away so you can inherit all their monies and such then live the life of decadence you always dreamed about. However, the upper class have to go out and invent things, exploit people, and work REALLY,REALLY hard to earn their money.

Me, I'm waiting for my Aunt Millie to die so as I can get them der Elvis Franklin Mint plates she's been collectin'.

http://mediamatters.org/blog/2014/01/22/right-wing-media-low-income-americans-are-inher/197696

[JaneyVee]

1. The only thing the middle class inherited was a global financial collapse

Perpetuated by the rich.

[PowerToThePeople]

2. They have a point

Wages have stagnated or been diminished so much the last 30 years, that younger generations have very little chance of getting the assets that their parents achieved (mostly real-estate assets)

I could not afford to purchase the house I grew up in. My mother was single parent on waitress wages. I am an Engineer with good salary.

But, this RW meme is simply disgusting...

[SamKnause]

3. Lazy Middle Class

Well I guess I am shit out of luck.

I will not be inheriting any fortunes.

I am waiting for my death, not for the death of my relatives.

I am ready to exit this planet.

There is too much cruelty, greed and corruption.

The atmosphere is not conducive for a tranquil and healthy existence.

[Journeyman]

6. When I was young, the Mother of one of my friends had passed through the death factories. . .

from Treblinka by way of Theresienstadt. She told me one day her life in sunshine was made possible by her capacity to love.

She and her husband, Viktor (who had also passed through the death factories), never had children of their own but instead adopted little ones who had been brutalized by life. For example, her son, my friend Ron, had been torched as a babe by his drug-addled mother. Another child, a daughter, was abandoned by her birth parents because she had an incurable disorder that took her life at 15.

And through it all, Sarah tried to make sense of the world and of what she had endured by giving freely of her love. So much had been taken, so very much denied, yet she found the capacity to make the world better, even if it was only within the confines of her small family and its duration admittedly ephemeral.

Everywhere I look in the world it is with hope. Having known and loved Sarah, what other option do I have?

[Jesus Malverde]

4. I was just reading about the Rockefeller family...

http://en.wikipedia.org/wiki/Rockefeller_family

The combined wealth of the family – their total assets and investments plus the individual wealth of its members – has never been known with any precision. The records of the family archives relating to both the family and individual members' net worth is closed to researchers.

From the outset, and even today, the family wealth has been under the complete control of the male members of the dynasty, through the family office. Despite strong-willed wives who had influence over their husbands' decisions – such as the pivotal female figure Abby Aldrich Rockefeller, wife of Junior – in all cases they received allowances only and were never given even partial responsibility for the family fortune.

Much of the wealth has been locked up in the notable family trust of 1934 (which holds the bulk of the fortune and matures on the death of the fourth generation), and the trust of 1952, both administered by the Chase Manhattan Bank. These trusts have consisted of shares in the successor companies to Standard Oil and other diversified investments, as well as the family's considerable real estate holdings. They are administered by a powerful trust committee that oversees the fortune.

Management of this fortune today also rests with professional money managers who oversee the principal holding company, Rockefeller Financial Services, which controls all the family's investments, now that Rockefeller Center is no longer owned by the family. The present chairman is David Rockefeller, Jr.

In 1992, it had five main arms:
Rockefeller & Co. (Money management: Universities have invested some of their endowments in this company);
Venrock Associates (Venture Capital: an early investment in Apple Computer was one of many it made in Silicon Valley entrepreneurial start-ups);
Rockefeller Trust Company (Manages hundreds of family trusts);
Rockefeller Insurance Company (Manages liability insurance for family members);
Acadia Risk Management (Insurance Broker: Contracts out policies for the family's vast art collections, real estate and private planes.)

Those guys are so smart having their own money management, liability and risk firms.... Fees are for losers..

[Journeyman]

5. I've told my children, when I die all my debt will be theirs. . .

[gordianot]

7. The difference between the 1% and the rest of us is they do not have to wait.

If you do have property there are plenty of schemes to make sure it is not passed to another generation. Sorry kids.

[packman]

8. This inheritance thing reminds me of a joke

When I die I want everyone who passes my casket to look down at me and say, " That SOB owed me a shitload of money". Unfortunately, I don't believe credit card companies will send someone to attend my wake.