Fair Vs Equal Study
Family Resource Management
Fair Versus Equal
What do Parents Owe Their Children?
By: Jill Falloon, PHEc, Home Economics Section
915 - 401 York Avenue, Winnipeg MB R3C OP8
Should the assets of the farm be equally divided among the farmer's heirs? Do the family members who are not farming have the same rights and privileges as the family members who are farming? Is it fair to treat siblings equally regardless of their contributions to the family business? Should the parents give a substantial portion of their estate to charity or should they give it to the kids? Is it justified to borrow against the business in order to treat siblings equally? These are just a few of the questions parents have to ask themselves when they are thinking about their retirement, passing the farm to the next …show more content…
These issues emerge when salaries, dividends, bonuses are handed out. The core question is who should receive what share of the resources available and why should they get it?
Procedural Justice: This has to do with the rights individuals have to participate in decisions that will affect their lives. The key notion is that certain decision making processes (democracy) are inherently more just than others (authoritarian), and that the way a decision is made will affect the way it is viewed as fair. Issues arise such as:
* Who should be involved in estate planning decisions? (i.e. the farmer alone, the farmer and spouse, the couple and their children?)
* Who should choose a successor?
Retributive Justice: This concerns issues of justice that arise whenever a decision has to be made regarding the punishment of someone. For example how does a family (or head of the family) decide how to punish a family member who has failed to perform the expected duties? Clearly, some punishments are perceived as being more just than
Fair Versus Equal
What do Parents Owe Their Children?
By: Jill Falloon, PHEc, Home Economics Section
915 - 401 York Avenue, Winnipeg MB R3C OP8
Should the assets of the farm be equally divided among the farmer's heirs? Do the family members who are not farming have the same rights and privileges as the family members who are farming? Is it fair to treat siblings equally regardless of their contributions to the family business? Should the parents give a substantial portion of their estate to charity or should they give it to the kids? Is it justified to borrow against the business in order to treat siblings equally? These are just a few of the questions parents have to ask themselves when they are thinking about their retirement, passing the farm to the next …show more content…
These issues emerge when salaries, dividends, bonuses are handed out. The core question is who should receive what share of the resources available and why should they get it?
Procedural Justice: This has to do with the rights individuals have to participate in decisions that will affect their lives. The key notion is that certain decision making processes (democracy) are inherently more just than others (authoritarian), and that the way a decision is made will affect the way it is viewed as fair. Issues arise such as:
* Who should be involved in estate planning decisions? (i.e. the farmer alone, the farmer and spouse, the couple and their children?)
* Who should choose a successor?
Retributive Justice: This concerns issues of justice that arise whenever a decision has to be made regarding the punishment of someone. For example how does a family (or head of the family) decide how to punish a family member who has failed to perform the expected duties? Clearly, some punishments are perceived as being more just than