@nikanj If you're want to read how misguided billionaire Buffet is extremely enthusiastic about the bloody slaughter of unborn babies in abortion clinics, search for these news article titles in your search engine:
Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times
Warren Buffett : An Unbounded Enthusiasm for Abortion
Planned Parenthood Pushes Abortion for Profit: Ex-Abortion Facility Director
Massive Buffett Donations Will Fund Pro-Abortion Agenda around the World
I just wonder how long great wealth would last? Say you have $40 billion, and four kids, that's $10 billion to each of them (and they get taxed on that), then they have four kids and that's $2.5 billion.
Between depreciation and tax within 200 years there would be nothing, or very little, left.
I guess the best policy is to leave it to your eldest son, who leaves it to his eldest son etc.
I think not...derr. Its not that simple, besides most of them are just maintained by a trust fund, they are paid at certain intervals but cannot access the principal so their investing power is seriously depleted.
SO! Do you honestly think they'll loose 40 billion in fours years to taxes and depreciation? You are seriously stupid mate. I would be harder for them to spend that money than to make it grow. Cooa cola aren't going out of business anytime soon mate.
Coca cola aren't no but they're hardly going to grow a great deal any time soon, its tantamount to sticking it into the bank, you're basically living off the dividend, that becomes harder as your brood grows.
Look at the Bancroft family, by the time the WSJ was bought they consisted of 30 distant relatives squabbling over their $80 million dividend.
Look at the Murdoch family's problems, Murdoch is a shrewd businessman, none of his critics can rob him of that, but by trying to treat his 6 kids 'equally' financially he'll end up with a situation where the family's 29% stake in NWSA is spread out over 100s of his descendants, most of them will probably just sell up anyway, they didn't build the company from nothing, all a share in it represents is cash.
Something like what Buffett has in the form of Berkshire Hathaway could easily be left to one of his kids, or ideally passed on as a gift during his lifetime, or sold for $0.01 a share to avoid taxes.
His gift for analysing shares to get an estimate of their intrinsic value could probably be passed on to one of his kids, I'd certainly fancy my chances as an investor if I had studied under him, so therefore by giving his business to an informed heir he could be sure it would last.
Prima genitor is the best system, your eldest son inherits. It need not be your eldest son though, the most responsible of your offspring, just so long as it is ONE person who inherits what you have, not five or six people. Its just that the eldest son makes it easier, everyone knows who it goes to.
Its your money you can do what you like with it, but I think its better to leave your kids secure with a trust fund or whatever to make sure they don't end up dirt poor.
Berkshire shares lost 50 pc of the value from the peak time at one stage, it is hard for lots of share holders to accept !
Aurigalive 5 months ago
"I do buy nice suits, they just look cheap on me."
nikanj 2 years ago
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@nikanj If you're want to read how misguided billionaire Buffet is extremely enthusiastic about the bloody slaughter of unborn babies in abortion clinics, search for these news article titles in your search engine:
Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times
Warren Buffett : An Unbounded Enthusiasm for Abortion
Planned Parenthood Pushes Abortion for Profit: Ex-Abortion Facility Director
Massive Buffett Donations Will Fund Pro-Abortion Agenda around the World
ProLifeHelp 1 year ago
2:47 LOL!
u2berz 2 years ago
I just wonder how long great wealth would last? Say you have $40 billion, and four kids, that's $10 billion to each of them (and they get taxed on that), then they have four kids and that's $2.5 billion.
Between depreciation and tax within 200 years there would be nothing, or very little, left.
I guess the best policy is to leave it to your eldest son, who leaves it to his eldest son etc.
theporksicle 2 years ago
Or maybe each child increases that wealth.... derrr.
PecknarmLondonEnland 2 years ago
I think not...derr. Its not that simple, besides most of them are just maintained by a trust fund, they are paid at certain intervals but cannot access the principal so their investing power is seriously depleted.
theporksicle 2 years ago
SO! Do you honestly think they'll loose 40 billion in fours years to taxes and depreciation? You are seriously stupid mate. I would be harder for them to spend that money than to make it grow. Cooa cola aren't going out of business anytime soon mate.
PecknarmLondonEnland 2 years ago
Four years? When did I mention that time scale?
I'm stupid? Well...each to their own I guess.
Coca cola aren't no but they're hardly going to grow a great deal any time soon, its tantamount to sticking it into the bank, you're basically living off the dividend, that becomes harder as your brood grows.
Look at the Bancroft family, by the time the WSJ was bought they consisted of 30 distant relatives squabbling over their $80 million dividend.
theporksicle 2 years ago
Look at the Murdoch family's problems, Murdoch is a shrewd businessman, none of his critics can rob him of that, but by trying to treat his 6 kids 'equally' financially he'll end up with a situation where the family's 29% stake in NWSA is spread out over 100s of his descendants, most of them will probably just sell up anyway, they didn't build the company from nothing, all a share in it represents is cash.
theporksicle 2 years ago
Something like what Buffett has in the form of Berkshire Hathaway could easily be left to one of his kids, or ideally passed on as a gift during his lifetime, or sold for $0.01 a share to avoid taxes.
His gift for analysing shares to get an estimate of their intrinsic value could probably be passed on to one of his kids, I'd certainly fancy my chances as an investor if I had studied under him, so therefore by giving his business to an informed heir he could be sure it would last.
theporksicle 2 years ago
Prima genitor is the best system, your eldest son inherits. It need not be your eldest son though, the most responsible of your offspring, just so long as it is ONE person who inherits what you have, not five or six people. Its just that the eldest son makes it easier, everyone knows who it goes to.
theporksicle 2 years ago
How about leave them nothing and teach them how to make money?
Kin94285 2 years ago
Its your money you can do what you like with it, but I think its better to leave your kids secure with a trust fund or whatever to make sure they don't end up dirt poor.
Where would the money go you didn't give to them?
theporksicle 2 years ago
thanks man
just help me finish my homework
WWExDOM 2 years ago