John Singleton with Bob HowardRip Van Australia (Stanmore: Cassell Australia, 1977), pp. 135-37, under the heading “Inherited Wealth”.

Arguments over whether or not people should be allowed to inherit wealth usually centre around the “worth” or otherwise of the people who inherit it, or on weather or not it is fair that they should receive money without having to work for it. People driven by envy, or a belief in egalitarianism, find the whole concept of inherited wealth repulsive. Their feelings aren’t helped by the odd playboy who makes the headlines for his wild spending of his family fortune, or by the political tricks of the institutionalised U.S. aristocracy — the Rockefellers, the Kennedys, and others.

By centring on the recipient of the inherited wealth, however, the arguments against it entirely miss the essential point. The point is not whether or not a person has the right to receive the wealth, but whether or not its owner has the right to leave it to whoever he or she pleases. Because the right to property means the right to own, control and dispose of that property, the owner of property quite clearly does have the right to leave that wealth to whoever he or she chooses. We have the right to leave that wealth to whoever he or she chooses. We may wonder at their choice, disagree with them and even attempt to convince them of their error, but we cannot morally force them to do otherwise. It is the owners’ right and their right alone to make the choice. Once that choice is made and clearly stated, no subsequent court or judge has the right to change it (as they sometimes do when Wills are contested). Only when there is ambiguity (or the possibility that property that was inherited was not owned by the person who has bequeathed it) is there any room for court decisions. It is a terrible and cowardly injustice to a dead person to direct that property be divided in a manner contrary to that directed by a dead person. It should be a point of honour to carry out that person’s specific wishes, and most certainly should be a point of law. Needless to say, the entire business of inheritance has been made extremely complicated by the taxation system — another example of the government’s right hand (the courts) have to0 clean up the mess created by the left hand (the tax system).

As far as we are concerned, then, there is no doubt about the absolute right of the owner of property to leave it to the person of his or her choice. Furthermore, just as this is moral, it is also practical, because any attempt to stop it would have disastrous results.

If we could leave no property to our heirs, or kin, then there would be little point in us keeping any property at all until we died. Therefore, people would simply work out ways and means of disposing of their property before they died. Needless to say, such a procedure would disadvantage the poor, and the vast bulk of “middle class” people, because they would be the least likely to know about setting up companies, trusts and all the other necessary tricks. When a property owner died (say, for example, the father of a family) without previously transferring his property, his family would be deprived of his property and thrown on the mercy of the State. If property was jointly owned, the family would lose the deceased’s share, and be that much worse off.

If the government succeeded in eliminating most or all of the loopholes and so successfully prevented property flowing from the owner to his or her chosen successor, then:

  1. The incentive for working to accumulate the property in the first place would be considerably reduced.
  2. And the latter years of the owner’s life would be spent on a spending spree, and the property would be dissipated.

If the owner’s judgement was out, he or she could conceivably rid themselves of all their property before they died, thus having nothing left to live on and thus leaving themselves at the mercy of the State, and a burden on the taxpayers.

In the vast majority of cases, people will not continue to work, save, or invest or live as they would if they could leave their property to whoever they liked, if, when they die, the State cops the lot. Indeed, this seems to be a recurring error on the part of egalitarians and socialists in many different areas. They believe they can alter social conditions and laws at will and not disrupt the economy at all. They consistently neglect to consider what effect their schemes will have on people, and in particular on production.

The idea of not allowing wealth to be inherited is patently absurd, and it is ridiculous to even have to stoop so low as to point out the obvious flaws in it. Yet, it is seriously mentioned from time to time, and dumber things have happened. There’s no telling what some people will do to get their hands on other people’s money. Especially when those people are politicians.

(in order of appearance on Economics.org.au)
  1. Governments Consume Wealth — They Don't Create It
  2. Singo and Howard Propose Privatising Bondi Beach
  3. Singo and Howard Speak Out Against the Crackpot Realism of the CIS and IPA
  4. Singo and Howard on Compromise
  5. Singo and Howard on Monopolies
  6. Singo and Howard Support Sydney Harbour Bridge Restructure
  7. Singo and Howard on Striking at the Root, and the Failure of Howard, the CIS and the IPA
  8. Singo and Howard Explain Why Australia is Not a Capitalist Country
  9. Singo and Howard Call Democracy Tyrannical
  10. Singo and Howard on Drugs!
  11. Simpleton sells his poll philosophy
  12. Singo and Howard Decry Australia Day
  13. Singo and Howard Endorse the Workers Party
  14. Singo and Howard Oppose the Liberal Party
  15. Singo and Howard Admit that Liberals Advocate and Commit Crime
  16. Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
  17. John Whiting's Inaugural Workers Party Presidential Address
  18. John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
  19. Singo and Howard on Aborigines
  20. Singo and Howard on Conservatism
  21. Singo and Howard on the Labor Party
  22. Singo, Howard and Hancock Want to Secede
  23. John Singleton changes his name
  24. Lang Hancock's Foreword to Rip Van Australia
  25. New party will not tolerate bludgers: Radical party against welfare state
  26. Singo and Howard introduce Rip Van Australia
  27. Singo and Howard on Knee-Jerks
  28. Singo and Howard on Tax Hunts (Lobbying)
  29. Singo and Howard on Rights
  30. Singo and Howard on Crime
  31. Singo and Howard on Justice
  32. Singo and Howard on Unemployment
  33. John Singleton on 1972's Cigarette Legislation
  34. Singo and Howard: Gambling Should Neither Be Illegal Nor Taxed
  35. Workers Party Platform
  36. Singo and Howard Join Forces to Dismantle Welfare State
  37. Singo and Howard on Business
  38. Singo and Howard on Discrimination
  39. Singo and Howard on the Greens
  40. Singo and Howard on Xenophobia
  41. Singo and Howard on Murdoch, Packer and Monopolistic Media
  42. Singo and Howard Explain that Pure Capitalism Solves Pollution
  43. Singo and Howard Defend Miners Against Government
  44. Singo and Howard on Bureaucracy
  45. Singo and Howard on Corporate Capitalism
  46. The last words of Charles Russell
  47. Ted Noffs' Preface to Rip Van Australia
  48. Right-wing anarchists revamping libertarian ideology
  49. Giving a chukka to the Workers Party
  50. Govt "villain" in eyes of new party
  51. "A beautiful time to be starting a new party": Rand fans believe in every man for himself
  52. Introducing the new Workers' Party
  53. Paul Rackemann 1980 Progress Party Election Speech
  54. Lang Hancock 1978 George Negus Interview
  55. Voices of frustration
  56. Policies of Workers Party
  57. Party Promises to Abolish Tax
  58. AAA Tow Truck Co.
  59. Singo and Howard on Context
  60. Singo and Howard Blame Roosevelt for Pearl Harbour
  61. Singo and Howard on Apathy
  62. Workers Party is "not just a funny flash in the pan"
  63. Singo and Howard on Decency
  64. John Singleton in 1971 on the 2010 Federal Election
  65. Matthew, Mark, Luke & John Pty. Ltd. Advertising Agents
  66. Viv Forbes Wins 1986 Adam Smith Award
  67. The writing of the Workers Party platform and the differences between the 1975 Australian and American libertarian movements
  68. Who's Who in the Workers Party
  69. Bob Howard interviewed by Merilyn Giesekam on the Workers Party
  70. A Farewell to Armchair Critics
  71. Sukrit Sabhlok interviews Mark Tier
  72. David Russell Leads 1975 Workers Party Queensland Senate Team
  73. David Russell Workers Party Policy Speech on Brisbane TV
  74. Bludgers need not apply
  75. New party formed "to slash controls"
  76. The Workers Party
  77. Malcolm Turnbull says "the Workers party is a force to be reckoned with"
  78. The great consumer protection trick
  79. The "Workers" speak out
  80. How the whores pretend to be nuns
  81. The Workers Party is a Political Party
  82. Shit State Subsidised Socialist Schooling Should Cease Says Singo
  83. My Journey to Anarchy:
    From political and economic agnostic to anarchocapitalist
  84. Workers Party Reunion Intro
  85. Singo and Howard on Freedom from Government and Other Criminals
  86. Singo and Howard on Young People
  87. Singo and Howard Expose how Government Healthcare Controls Legislate Doctors into Slavery
  88. Singo and Howard Engage with Homosexuality
  89. Singo and Howard Demand Repeal of Libel and Slander Laws
  90. Singo and Howard on Consumer Protection
  91. Singo and Howard on Consistency
  92. Workers Party is born as foe of government
  93. Political branch formed
  94. Government seen by new party as evil
  95. Singo and Howard on Non-Interference
  96. Singo and Howard on Women's Lib
  97. Singo and Howard on Licences
  98. Singo and Howard on Gun Control
  99. Singo and Howard on Human Nature
  100. Singo and Howard on Voting
  101. Singo and Howard on
    Inherited Wealth
  102. Singo and Howard on Education
  103. Singo and Howard on Qualifications
  104. Ron Manners on the Workers Party
  105. Singo and Howard Hate Politicians
  106. Undeserved handouts make Australia the lucky country
  107. A happy story about Aborigines
  108. John Singleton on Political Advertising
  109. Richard Hall, Mike Stanton and Judith James on the Workers Party
  110. Singo Incites Civil Disobedience
  111. How John Singleton Would Make Tony Abbott Prime Minister
  112. The Discipline of Necessity
  113. John Singleton on the first election the Workers Party contested
  114. Libertarians: Radicals on the right
  115. The Bulletin on Maxwell Newton as Workers Party national spokesman on economics and politics
  116. Singo and Howard: Australia Should Pull Out of the Olympics
  117. Singo and Howard Like Foreign Investment
  118. Mark Tier corrects Nation Review on the Workers Party
  119. The impossible dream
  120. Why can't I get away with it?
  121. The bold and boring Lib/Lab shuffle
  122. Time for progress
  123. The loonie right implodes
  124. Max Newton: Maverick in Exile
  125. John Singleton on refusing to do business with criminals and economic illiterates
  126. Censorship should be banned
  127. "Listen, mate, a socialist is a bum"
  128. John Singleton on Advertising
  129. John Singleton on why he did the Hawke re-election campaign
  130. Sinclair Hill calls for dropping a neutron bomb on Canberra
  131. Bob Howard in Reason 1974-77
  132. John Singleton defends ockerism
  133. Singo and Howard talk Civil Disobedience
  134. The Census Con
  135. Singo and Howard Oppose Australian Participation in the Vietnam War
  136. Did John Singleton oppose the mining industry and privatising healthcare in 1990?
  137. Bob Carr in 1981 on John Singleton's political bent
  138. John Singleton-Ita Buttrose interview (1977)
  139. King Leonard of Hutt River Declares Defensive Just War Against Australia the Aggressor
  140. Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
  141. Singleton: the White Knight of Ockerdom
  142. John Singleton bites into Sinclair Hill's beef
  143. Save Parramatta Road
  144. 1979 news item on new TV show John Singleton With a Lot of Help From His Friends
  145. Smoking, Health and Freedom
  146. Singo and Howard on Unions
  147. Singo and Howard Smash the State
  148. Singo and Howard on the big issue of Daylight Saving
  149. Come back Bob - It was all in fun!
  150. A few "chukkas" in the Senate for polo ace?
  151. Country Rejuvenation - Towards a Better Future
  152. Singo and Howard on Profits, Super Profits and Natural Disasters
  153. John Singleton's 1977 pitch that he be on a committee of one to run the Sydney 1988 Olympics for profit
  154. Thoughts on Land Ownership
  155. 1975 Max Newton-Ash Long interview on the Workers Party
Powered by Hackadelic Sliding Notes 1.6.5