Why People Can’t Inherit NBR In A Copiosis Future

Photo by engin akyurt on Unsplash

Many things might stick in some people’s craw about Copiosis. That no one need pay for necessities might be one thing. That all property is privately stewarded sounds so much like private ownership, people freak out about that. Even our Reputation Accounts give some people the heebie-jeebies.

In this post, I’ll explain why people can’t get another person’s Net Benefit Rewards (NBR) through inheritance.

First, let’s recall that NBR replaces money in Copiosis. But it functions not at all like money. People get NBR when their actions create Net Benefit Value. The Copiosis Algorithm determines how much they get. So long as that value exists, the algorithm keeps flowing NBR to those who created that value. It’s Copiosis’ version of passive income. Curious how the algorithm does that? Check out this video:

People use NBR in Copiosis to acquire luxury goods. That’s all. Employers don’t use it to “pay” employees. The algorithm takes care of that. People need no NBR for healthcare procedures. They don’t need it to get and keep a place to live, unless it’s luxury housing. They don’t need it for food. Once they have it, no one can take it from them.

Many, many good reasons explain why NBR functions this way. NBR and its function potentially solves so many of today’s problems. It’s a main reason why Copiosis offers such compelling futures.

Contributions get awarded

One significant and important function of NBR is its non-transferability. This non-transferability applies even after death. When a person dies, any NBR they accumulated disappears, just like they do!

Baam! They’re gone. And so is their NBR. No one can get it. And, the dead person can’t bequeath it to anyone either.

Property is another matter. All property owned by someone at the time of their death can transfer to other people. Since those assets continue existing after death, someone must steward those things. This is why property is transferrable. Property transfers are necessary to facilitate commerce too. So it makes sense property functions that way.

But NBR is not property. It’s an award, a recognition of value a specific human creates for others and the planet. This is why NBR gets assigned to specific people.

Human society thrives on such contributions. Copiosis aims to award people making such contributions. And, it recognizes acts and awards all acts more generously than any monetary-based economy can. It even awards acts monetary-based economies don’t.

Can a teacher today, for example, receive perpetual income for the class she educated last year? In Copiosis she does. And she should because that contribution to those young people and society at large is huge. It also persists, far beyond her lifetime. She should get something for that. In Copiosis, she does.

What inheritance is actually

The same applies to parents and grandparents who raise children, people working in meat processing plants, and those who transition our penal system so it becomes much more humane that today’s version. People innovating in environmental fields get awarded similarly.

Of course, everyone doing things in business get awarded too. They also receive perpetual income for acts creating persistent, ongoing value, just like anyone else.

So given NBR recognizes specific acts of specific individuals, why should that specific recognition go to someone else, someone who played no role in the value creation?

That’s what inheritance is.

It makes sense today that money can go from previous generations to future ones. Everyone needs money. And those without it suffer. Those with plenty enjoy comparably better lives. And parents want their children enjoying more of the latter than the former.

Life can suck when you don’t have money. And life can be better when you have it. Which is one reason why the rich pass their wealth to their kids. But that creates existential problems. (Photo by Nick Fewings on Unsplash)

But a lot of problems happen when money is inheritable. More rich people understand this. And more come to understand it all the time. Here are almost twenty very rich people who get this. Are they greedy? Are they just wanting their kids to suffer? Or is there a better reason?

These elites are donating their money to philanthropic causes instead of giving it to their kids. Why? These people aren’t dumb. They must have good reasons, right?

What are the rich thinking?

Pretty much everyone knows Bill Gates and Warren Buffet ride this train of thought. Gates explained it perfectly: “It’s not a favor to kids to have them have huge sums of wealth,” Gates told This Morning in an interview. “It distorts anything they might do, creating their own path.”

As a result of his commitment and perhaps evidence of Gates’ and Buffet’s perspective, Buffet’s children already generate their own fortunes following their passions. One composes and plays music, another runs businesses and philanthropy drives the third.

But other very rich and famous people feel similarly to Buffet and Gates. Martial arts icon Jackie Chan, worth over $400 million, plans to leave none of his fortune to his only son. Celebrity chef Gordon Ramsay, worth $200 million feels similarly. And he has four kids!

Gene Simmons, worth $350 million explained it well. He told CNBC he won’t leave his kids starving, but “they will never be rich off my money, because every year they should be forced to get out of bed and go out and work and make their own way.”

Simmons doesn’t care what his kids think about his decision. “I don’t want them to say, ‘Thanks, dad, for making me rich.’ No, you wanna be able to stand on your own two feet and say, ‘I did that.’”

Mark Zukerberg, Larry Page, Sting, Michael Bloomberg, Ashton Kutcher, MacKenzie Scott, George Lucas and many more agree. So what’s the deal? What do they know about inheriting a bunch of money (or NBR) that people wanting NBR to be inheritable don’t?

More rich people are coming to different ideas about passing their wealth on to their kids.

Inheritance: It’s a serious problem

According to FORBES, an organization which often celebrates wealth, “dramatic side effects” come from children inheriting wealth. FORBES.COM quotes wealth managers who say inheritance “robs children of motivation.” The more money kids get when young, these wealth managers say, the less passion and motivation they have.

Forbes also talked with Lucy Birtwistle, a relationship manager at a large firm. She works with young people inheriting wealth. And she says these kids often are lost. They can’t see a vision for their lives and literally have trouble getting out of bed, she says.

Indeed, as the Forbes article continues, it describes how problems wealth inheritors suffer from begin well before money gets passed down. Such kids often suffer from bad parenting, according to the article. They don’t get enough love and attention. They get oriented to too much materialism when young. Throw in social media, where everyone portrays a need to “bling” and problems amplify.

No wonder a prominent UK asset managers’ study found that 20 percent of millionaires plan on not giving their children anything.

Martial Arts icon Jackie Chan plans on leaving none of his $400 million wealth to his only son. (Photo By Eva Rinaldi)

Life in Copiosis is easy!

It’s so easy in Copiosis to accumulate wealth, I wonder why people question NBR’s non-transferability. Maybe it’s because they don’t understand how easy getting rich in Copiosis is.

First, everyone gets a stream of NBR for just being. That’s because every human life is inherently valuable. That continues whether people do anything or not. Second, anything anyone does that generates value merits an award. And, as stated previously, so long as that value persists, the award keeps coming. Third, Copiosis encourages everyone to follow their passions. Doing so represents the best way to generate value. So not only does one maximize their value by following their passions, they’re enjoying life along the way as their multiple NBR streams flow.

While people enjoy life, they needn’t spend (can’t actually) any of their NBR on necessities. So what NBR they get goes farther. In other words, their NBR wealth is worth more and goes farther than if it were money.

Perhaps you can see now why NBR isn’t inheritable. It makes complete sense that someone’s award not go to someone else. And, it’s super easy to get your own awards. So you don’t need your parents’ wealth. Besides, you have a passion and you’re encouraged, in Copiosis, to pursue that. Do that and wealth follows as naturally as breathing.

Certainly some people inherit wealth and do fine today. But Copiosis is about solving today’s problems while amplifying the best of what we have today. Today’s rich will continue to be so after the transition. And their offspring will find themselves in a world where becoming rich happens far easier than their parents had it.

I think that’s a good thing for everyone.

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