How can we be reaching this conclusion, with all the accumulated wealth in the world? How can we be seriously believing everybody should start at zero? I can’t believe what I’m reading here. Generational wealth is absolutely a thing, we inherit everything from the past. As a species, we inherit the wealth of the previous generation. Where are we imagining it goes? Given that it exists, why are we not entitled to benefit from it? There is so much wealth in the global economy, the issue is of distribution.
I’m genuinely not sure what the ethical position is. Maybe they are. Having watched a generation squander the massive wealth gains of what will likely be a unique economic boom, I don’t necessarily think the consumption of that wealth in the name of “living” - often a euphemism for hedonism - is something to be celebrated.