RE: Why "Wealth" Legacy Will Not Be Carried On By Future Generation.
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Wonderful thought provoking post, very true, rich kids will definitely not work as hard as their successful parents and it's understandable. The money is already there and there is no motivation to get more of it. So all they do is lay back and spend it. Is there a chance to create another facebook, apple, number one single by Michael Jackson or hit movie by Jackie Chan? Definitely not.
So let them enjoy the fruits of their parent's work. Thank you for sharing and happy Sunday :}
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That is true. While I believe the future generations will have their own definition of sucess, I just feel like we will never see the legacy continuation from the kids of wealthy people. Like you said, the money is already there, so what will be the motivation to follow through. This is why I explained that being wealtt via the model of inheritance can be truly flawed..