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  1. #1
    Player
    Zojha's Avatar
    Join Date
    Aug 2015
    Posts
    3,565
    Character
    Lodestone Bait
    World
    Pandaemonium
    Main Class
    Gladiator Lv 1
    Quote Originally Posted by LineageRazor View Post
    I try to stay cognizant of just how incredibly lucky I am not to have had to deal with those kinds of problems[...]
    Lucky indeed when you look at the wealth distribution in countries like, say, the United States. Almost 20!!!% of households there have a negative net wealth due to debt. And thanks to inheritance of debt and wealth alike, you got about a one in five chance to be fucked over and born into such a household with but a tiny chance at a future.
    And that's just the worst of the worst that likely couldn't even afford a PS3, let alone a sub. More likely we're talking about the bottom 60% that cumulatively at least own under 5% of the total wealth and can afford things such as toothbrushes, train tickets and small scale entertainment like an old console.
    (0)

  2. #2
    Player
    LineageRazor's Avatar
    Join Date
    Dec 2013
    Posts
    3,822
    Character
    Lineage Razor
    World
    Gilgamesh
    Main Class
    Goldsmith Lv 90
    Quote Originally Posted by Zojha View Post
    And thanks to inheritance of debt and wealth alike, you got about a one in five chance to be fucked over and born into such a household with but a tiny chance at a future.
    Just as a matter of note, while I'm not sure how it works in other countries, I'm pretty certain that in the United States, debts are not inherited by children unless the children explicitly co-signed on the debt (for example, a father and his adult son buying a fishing boat together). Creditors do have the option of trying to reclaim their losses by making a claim against the deceased parent's estate which, if successful, could involve liquidating assets that the parents had planned on leaving to their family. But the debts are not passed directly on to the children, even if the total value of the estate is not enough to pay off the debt.

    Of course, if the debts are, say, to the mafia, or some other shady organization not covered by federal law, all bets are off...
    (1)