One can understand the Chinese practice of honoring one's parents, who after all have achieved something. To honor descendants, however, merely from the accident of biology, is not only groundless and absurd but often hurtful to that posterity. Permitting the passing of fortunes to new generations has the affect of establishing a class of royalty; making the purchase of items such as homes, education etc beyond the reach of those who due only the accident of biology do not have such opportunities. Those receiving these vast fortunes only because of the accident of birth are not only unprepared to control such fortunes at the same time it puts others at a disadvantage. While those responsible for accumulating such fortunes must be permitted to enjoy the fruits of their labor distributing such fortunes to next generations must not be permitted.
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