Books, Uncategorized

The Right To Inheritance

My fellow blogger,Raghuram Ekambaran has written a post based on my article-“In defense of Capitalism.” He has pointed my attention to the issue of inheritance.He is right in saying that children don’t have an inherent right in the property of their parents.Anil & Mukesh Ambani doesn’t have an inherent right in the property of their parent-Dhirubhai Ambani.But,the basic issue at stake here is not the right of the children.The basic issue in the right of a product is that of the producer-the parent.The producer has the right to dispose of his product in any means.He can even flush it down the loo.He certainly has the right to hand it to his children,whom he loves.

With righteous indignation,people ask-How is it that a rich kid deserve a better education than a poor child.However,they are wrong.The basic issue here is the right of a rich parent to buy for his child the best education he can afford.It is not the right of the child we have to focus on,but of that of the parent.

A related question which statists and socialists ask is-How is it that a CEO deserves a private jet when millions of children are starving? What they don’t realize is that the CEO has produced his wealth and that wealth rightfully belongs to him.He has the right to spend it in any manner he chooses.He can spend it on a private jet as the starvation of millions of children doesn’t cause him any misery-His wealth wasn’t taken away from the starving children.The CEO deserves the private jet,when the starving children doesn’t have any right to the food the CEO’s wealth would have provided to them,if forcefully extorted by the Government.

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