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Distributing wealth in society on the basis of parental success seems like it would be a terrible idea.

There is a name for a system where people pass on their wealth (and titles) to their progeny, by birthright.

I am sure the average 99%-er American would love to be back in medieval Europe, where kings and queens, and lords and dukes cared so much for their offspring! Wealth by birthright, that's so progressive!

Money is not the most important thing I can give my kids. Love, education, support and encouragement ...

Nobody claimed otherwise however making sure your loved ones are taken care of in the best possible position involves love and support otherwise why bother you are already dead.