Discover more from Unknown Unknowns
I’ve seen some conversations about how much money people should leave to their kids. Some people approach the debate that they don’t want to give their kids an advantage, which I find strange. Another angle is that they don’t want to ruin their kids’ motivation.
I don’t think the world is systematically “fair,” I don’t think it ever can be and I don’t think you should try to make it fair. There’s no objective measurement and the wave always corrects. To try to correct the wave yourself will make the wave overcorrect.
Structurally, inflation is the biggest cause of the unfairness. So how about helping your kids out with purchases that are the most affected by inflation?
Or maybe thinking about fixed assets vs marginal assets. Helping your kids out with fixed assets.