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Your heirs/descendants wouldn't be.

• NotYourLawyer 3y ago
  My kids would be. My theoretical grandkids probably would be too. Anything farther out than that is too attenuated for me to care much about. Anyway, most family wealth doesn’t turn into a dynasty. Usually the first generation that didn’t have to work for it ends up pissing it all away.
  • RhysU 3y ago
    Thanks for noticing the implications. Your great-grandkids would find utility, as would their children's children. It's their perspective that matters for utility, not yours. The fun thing is people talk log utility but forget there's an exponential process (children) that can follow until the lineage dies out. Agreed it gets pissed away. Which means the children process doesn't have to be particularly exponential to make log utility become linear looking for all practical values when one includes descendants.
    • NotYourLawyer 3y ago
      > It's their perspective that matters for utility, not yours Not sure I agree. What I said at the beginning was that *I’d* be just as happy with 100 million vs 500 million. Their utility only matters in that calculation to the extent it affects my utility.