Radical Personal Finance
1025: The Rich Should Leave Their Wealth to Their Children, Not to Charity
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.
14:32
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Quick takeaways
- Proposed law threatens credit card rewards, supported by big corporations like Walmart and Target.
- Celebrities opt to spend wealth rather than pass it on, emphasizing importance of work over inheritance.
Deep dives
Impact of the Durbin Marshall Credit Card Bill
The Durbin Marshall Credit Card Bill threatens to eliminate credit card rewards, backed by corporate giants like Walmart and Target. This proposed law aims to enforce credit card routing mandates that could significantly alter the landscape of credit card perks, affecting consumers directly.
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