I'd like to be successful enough to give my kids that kind of cushion. Shouldn't they be able to take advantage of it since I worked for it and gave it to them? So the 'jump' is a team effort over a couple generations, does that make it less valid?
It's not about validity and it isn't making a claim that it's wrong to use the resources given to you.
It's simply saying that capital is more important than people think.
Business and entrepreneurship is honestly worse than religion. Thousands of garbage blogs saying "don't give up" is the key to everything. Self help books, videos of motivational navy seal speeches, "following your passion." When the reality is most of them simply had access to capital. I would imagine most entrepreneurs are hard workers already or are already motivated. But capital is what really matters.
>Shouldn't they be able to take advantage of it since I worked for it and gave it to them?
Let's turn that around. Imagine your business starts out well, you have a kid or two and then it fails. And you're broke. And your kids have no cushion. Should your kids now have a worse start into life?
Assuming we know nothing about you and knowing how many businesses fail, it's quite likely that this second situation might happen. And if you come out ahead, it happens to countless of people starting a business. Should their kids be at a disadvantage? I don't consider this reasonable.
