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I really like this quote from Warren Buffet “Leave your children enough money so they can do anything, but not enough that they don’t have to do anything.” I

• mostertoaster 5y ago
  I don’t think raising productive functioning adults is mutually exclusive from leaving them an inheritance enabling them not to work to live. There is too much ideas that unless you get paid to do something it isn’t worthwhile. I wish people could study the liberal arts or sciences freely to expand knowledge, not for the sake of money. This is a privilege only provided to those whose parents leave them a large inheritance.
  • wpietri 5y ago
    You're conflating some things. The reason that people have the idea that "unless you get paid to do something it isn’t worthwhile" is because getting paid for something is reasonable evidence that you're creating value for others. That's important to do if you will be consuming the value created by others. Children raised without that feedback loop can easily be not so functional, in that will focus on serving themselves, not others. If you have enough money to fund things like socially beneficial research, then you should just fund that. The MacArthur Genius Grants are a good example of that. There's no particular reason to think that your particular children are the best ones to be doing that, especially if they've been raised in an environment where their wealth has let them avoid serving others.