It’s absolutely retarded and evil. I had a former friend who spoke of these things, giving his kids nothing because he wanted to make them “earn it.” He didn’t want to give them the privilege of an inheritance and called saving money “stored selfishness.” He thought we all had a duty to spend our money all the time to participate in the economy. He said that consumerism was helping your neighbor. He intended to spend every last penny in his possession by the time he died.
If this is true, why stop at material things? Why not just get rid of all of the knowledge our ancestors gave to us and make your kids figure it out for themselves, starting with nothing, every generation. From the wheel to Calculus to any innovations from Noah through modern day? See how far they get.
Depriving your children of an inheritance, whatever you could build for them or pass onto them, is Satanic. It’s depriving them of their birthright. Rejecting your birthright is no different. Fools.