Why do elites avoid passing wealth to children
The article discusses how a number of billionaires and celebrities are choosing not to leave large inheritances to their children, preferring instead to direct their wealth towards charitable causes and humanitarian initiatives. They believe that inheritance can diminish ambition and reduce motivation to work, and they value education and self-reliance. These prominent figures openly share their views, expressing the belief that true wealth lies in the ability to build success and make a positive contribution to society.
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