John Singleton with Bob Howard, Rip 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:
- The incentive for working to accumulate the property in the first place would be considerably reduced.
- 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.
- Governments Consume Wealth — They Don't Create It
- Singo and Howard Propose Privatising Bondi Beach
- Singo and Howard Speak Out Against the Crackpot Realism of the CIS and IPA
- Singo and Howard on Compromise
- Singo and Howard on Monopolies
- Singo and Howard Support Sydney Harbour Bridge Restructure
- Singo and Howard on Striking at the Root, and the Failure of Howard, the CIS and the IPA
- Singo and Howard Explain Why Australia is Not a Capitalist Country
- Singo and Howard Call Democracy Tyrannical
- Singo and Howard on Drugs!
- Simpleton sells his poll philosophy
- Singo and Howard Decry Australia Day
- Singo and Howard Endorse the Workers Party
- Singo and Howard Oppose the Liberal Party
- Singo and Howard Admit that Liberals Advocate and Commit Crime
- Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
- John Whiting's Inaugural Workers Party Presidential Address
- John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
- Singo and Howard on Aborigines
- Singo and Howard on Conservatism
- Singo and Howard on the Labor Party
- Singo, Howard and Hancock Want to Secede
- John Singleton changes his name
- Lang Hancock's Foreword to Rip Van Australia
- New party will not tolerate bludgers: Radical party against welfare state
- Singo and Howard introduce Rip Van Australia
- Singo and Howard on Knee-Jerks
- Singo and Howard on Tax Hunts (Lobbying)
- Singo and Howard on Rights
- Singo and Howard on Crime
- Singo and Howard on Justice
- Singo and Howard on Unemployment
- John Singleton on 1972's Cigarette Legislation
- Singo and Howard: Gambling Should Neither Be Illegal Nor Taxed
- Workers Party Platform
- Singo and Howard Join Forces to Dismantle Welfare State
- Singo and Howard on Business
- Singo and Howard on Discrimination
- Singo and Howard on the Greens
- Singo and Howard on Xenophobia
- Singo and Howard on Murdoch, Packer and Monopolistic Media
- Singo and Howard Explain that Pure Capitalism Solves Pollution
- Singo and Howard Defend Miners Against Government
- Singo and Howard on Bureaucracy
- Singo and Howard on Corporate Capitalism
- The last words of Charles Russell
- Ted Noffs' Preface to Rip Van Australia
- Right-wing anarchists revamping libertarian ideology
- Giving a chukka to the Workers Party
- Govt "villain" in eyes of new party
- "A beautiful time to be starting a new party": Rand fans believe in every man for himself
- Introducing the new Workers' Party
- Paul Rackemann 1980 Progress Party Election Speech
- Lang Hancock 1978 George Negus Interview
- Voices of frustration
- Policies of Workers Party
- Party Promises to Abolish Tax
- AAA Tow Truck Co.
- Singo and Howard on Context
- Singo and Howard Blame Roosevelt for Pearl Harbour
- Singo and Howard on Apathy
- Workers Party is "not just a funny flash in the pan"
- Singo and Howard on Decency
- John Singleton in 1971 on the 2010 Federal Election
- Matthew, Mark, Luke & John Pty. Ltd. Advertising Agents
- Viv Forbes Wins 1986 Adam Smith Award
- The writing of the Workers Party platform and the differences between the 1975 Australian and American libertarian movements
- Who's Who in the Workers Party
- Bob Howard interviewed by Merilyn Giesekam on the Workers Party
- A Farewell to Armchair Critics
- Sukrit Sabhlok interviews Mark Tier
- David Russell Leads 1975 Workers Party Queensland Senate Team
- David Russell Workers Party Policy Speech on Brisbane TV
- Bludgers need not apply
- New party formed "to slash controls"
- The Workers Party
- Malcolm Turnbull says "the Workers party is a force to be reckoned with"
- The great consumer protection trick
- The "Workers" speak out
- How the whores pretend to be nuns
- The Workers Party is a Political Party
- Shit State Subsidised Socialist Schooling Should Cease Says Singo
- My Journey to Anarchy:
From political and economic agnostic to anarchocapitalist - Workers Party Reunion Intro
- Singo and Howard on Freedom from Government and Other Criminals
- Singo and Howard on Young People
- Singo and Howard Expose how Government Healthcare Controls Legislate Doctors into Slavery
- Singo and Howard Engage with Homosexuality
- Singo and Howard Demand Repeal of Libel and Slander Laws
- Singo and Howard on Consumer Protection
- Singo and Howard on Consistency
- Workers Party is born as foe of government
- Political branch formed
- Government seen by new party as evil
- Singo and Howard on Non-Interference
- Singo and Howard on Women's Lib
- Singo and Howard on Licences
- Singo and Howard on Gun Control
- Singo and Howard on Human Nature
- Singo and Howard on Voting
- Singo and Howard on
Inherited Wealth - Singo and Howard on Education
- Singo and Howard on Qualifications
- Ron Manners on the Workers Party
- Singo and Howard Hate Politicians
- Undeserved handouts make Australia the lucky country
- A happy story about Aborigines
- John Singleton on Political Advertising
- Richard Hall, Mike Stanton and Judith James on the Workers Party
- Singo Incites Civil Disobedience
- How John Singleton Would Make Tony Abbott Prime Minister
- The Discipline of Necessity
- John Singleton on the first election the Workers Party contested
- Libertarians: Radicals on the right
- The Bulletin on Maxwell Newton as Workers Party national spokesman on economics and politics
- Singo and Howard: Australia Should Pull Out of the Olympics
- Singo and Howard Like Foreign Investment
- Mark Tier corrects Nation Review on the Workers Party
- The impossible dream
- Why can't I get away with it?
- The bold and boring Lib/Lab shuffle
- Time for progress
- The loonie right implodes
- Max Newton: Maverick in Exile
- John Singleton on refusing to do business with criminals and economic illiterates
- Censorship should be banned
- "Listen, mate, a socialist is a bum"
- John Singleton on Advertising
- John Singleton on why he did the Hawke re-election campaign
- Sinclair Hill calls for dropping a neutron bomb on Canberra
- Bob Howard in Reason 1974-77
- John Singleton defends ockerism
- Singo and Howard talk Civil Disobedience
- The Census Con
- Singo and Howard Oppose Australian Participation in the Vietnam War
- Did John Singleton oppose the mining industry and privatising healthcare in 1990?
- Bob Carr in 1981 on John Singleton's political bent
- John Singleton-Ita Buttrose interview (1977)
- King Leonard of Hutt River Declares Defensive Just War Against Australia the Aggressor
- Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
- Singleton: the White Knight of Ockerdom
- John Singleton bites into Sinclair Hill's beef
- Save Parramatta Road
- 1979 news item on new TV show John Singleton With a Lot of Help From His Friends
- Smoking, Health and Freedom
- Singo and Howard on Unions
- Singo and Howard Smash the State
- Singo and Howard on the big issue of Daylight Saving
- Come back Bob - It was all in fun!
- A few "chukkas" in the Senate for polo ace?
- Country Rejuvenation - Towards a Better Future
- Singo and Howard on Profits, Super Profits and Natural Disasters
- John Singleton's 1977 pitch that he be on a committee of one to run the Sydney 1988 Olympics for profit
- Thoughts on Land Ownership
- 1975 Max Newton-Ash Long interview on the Workers Party

Luke
January 20, 2012 @ 9:16 am
HAHAHAHA
Then came the baby boomers and let the SPENDING SPREE begin.
Certain baby boomers (more then 3 couples) that I know retired, downsize there properties and took out a large mortgages, which they then paid everything but $1000 off the mortgage, so that if they run out of money in the next 27 years they can just tap the redraw facility and when they die they can just give the bank the big finger on their death bed.
They don't seem to be content with just spending their own property they would like to consume someone elses as well. Mind you I don't feel sorry for the banks as they are idiots for giving a retired couple a $400,000 morgtage in the first place.