Radical Personal Finance 1025: The Rich Should Leave Their Wealth to Their Children, Not to Charity
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Jun 6, 2024 
Author Johann Kurtz discusses the debate between leaving wealth to children or charity, emphasizing the value of work for young adults and historical intergenerational structures. The podcast highlights Edmund Burke's views on societal stability and the role of family wealth in fostering benevolence.
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Charitable Wills As Moral Theater
- Celebrities announce they will leave wealth to charity to appear virtuous while living lavishly themselves.
- The host views this as performative moral signaling that denies heirs real stewardship.
Market Churn Over Multigenerational Stability
- The podcast links liberal market thought to deliberately breaking intergenerational estates to spur productivity.
- Adam Smith and others urged dissolving hereditary holdings to force new buyers into productive use.
Work Alone Doesn't Forge Better Elites
- Cutting heirs off and forcing them into lucrative careers produces more financiers and consultants, not public-spirited elites.
- The host argues market-forced virtue via work is a weak substitute for parental cultivation of stewardship.