Hong Kong Property Tycoon Gave Away Children’s $400m Inheritance
I&#x27;m very much on his side.<p>(1) Inherited dynastic wealth creates a plutocracy. I believe people of each generation should rise to the level of their abilities and not to the level of largesse of their families. Allowing people to hand down massive wealth is like playing monopoly where every square already has a hotel on it.<p>(2) The children didn&#x27;t earn it, so they deserve it as much as anyone else. Inheriting it may adversely affect who they turn into as humans.<p>(3) I believe in a large social safety net so that those who cannot succeed don&#x27;t have to die, but rather can live out their lives comfortably. Basic income, socialized medicine, education, etc.<p>This strikes a fair balance IMO. You earned the money, you created the value, you have to spend it in your lifetime. If you can&#x27;t, the state will decide where it goes. The next generation will be looked after, and if they too are successful they can also enjoy the spoils. If not, they can live out their lives in comfort.