That makes sense: they have a better tolerance for risk because they inherited their money, and thus are young enough to take slightly foolish chances (someone who has made his money the hard way is more likely to be responsible with it).<p>Which leads one to wonder what the unintended consequences of tinkering with gift, inheritance and other family-related tax rates might be. For that matter, if Mike Markkula had not received all those stock options at Fairchild &amp; Intel and been able to retire, would we all have smartphones and personal computers today, or would we be stuck with an OSI&#x2F;ITU-type centralised consumer-only network?