Re:Hong Kong Property Tycoon Gave Away Children’s $400m Inhe...
by danans on Tuesday April 23, 2019 @01:48PM
(#19731034)
> why work so hard to earn so much in the first place?
Power.
A very comfortable lifestyle can be had for orders of magnitude less than $400M in wealth, so lifestyle isn't a motivation at that point.
Inheritances function kind of like insurance policies against an unpredictable future for your progeny. The more dangerous you think that future is for your children, the more likely you are to set aside as much as you can for them.
The father in this case seems to be confident that the future holds promise for his children, whether because he thinks they will get a fair chance, or because he raised them well, and that therefore they don't need a massive inheritance to live well.
Power.
A very comfortable lifestyle can be had for orders of magnitude less than $400M in wealth, so lifestyle isn't a motivation at that point.
Inheritances function kind of like insurance policies against an unpredictable future for your progeny. The more dangerous you think that future is for your children, the more likely you are to set aside as much as you can for them.
The father in this case seems to be confident that the future holds promise for his children, whether because he thinks they will get a fair chance, or because he raised them well, and that therefore they don't need a massive inheritance to live well.