Are inheritances really that bad?
On the surface, inheritances are a source of moral repugnance. When we think of inheritances, we tend to think of families like the Rockefellers and Vanderbilts whose great fortunes were passed from one generation to the next. We also tend to think of “trust fund babies” – those rare individuals who have received enough money in inheritances or gifts (often in the form of a trust fund) so that they have no need to work over the course of their lifetime.