As best I remember he said he aimed to give them 'enough so they can do anything, but not enough so they can do nothing.'
Considering his daughter recently started a bussiness we have a better insight and he said he was happy she self funded it as he would have needed to scutinieze the bussiness model if she would have come to hi, he did say he would have funded her anyway but it would have come with his terms. His dauther in the meantime was fair enough to admit she probably in big part because of her dad. (who wasn't involved just to be clear.)
I can't remember who said that a society having people in abject poverty, or having billions is a failing society.
probably some communistic thing ''you own nothing'' kind of thing ''all property is theft'' the kind of thing youngsters find great when they are still young but starting to see doesn't really work when then find a good job, women house children and stuff as they just become the thing they said was wrong.
It’s generational wealth that is a problem.
If you have $1billion then your great great great grand children will almost certainly be very wealthy too.
So it’s inheritance that is the problem. And how do you stop the mega wealthy from avoiding it.
The guy with a couple of million is likely to get stung by the 40% IHT rate, where as the guy with a couple of billion will be able to avoid most of it.
Yeah but it's easy to attack those who are mega rich because they are mega rich, but if we arrest all those mega rich for being mega rich, sure we won't have an Elon Musk, twittering or Jk Rownling doing the same but it was also lead to a huge brain drain, as the rewards for being better then the rest are prison.
But more importantly the main reasons for poverty and income inequality won't change at all. the top1% does not cause the problems of the bottom 80%.
the problem is the system, for example our housing system, take the average minimum wage, then go trough a real estate website find a normal(not fancy) house or flat and go to the bank's finance calculator and there you have one of the issues, no matter what you do it doesn't add up, houses are too expensive. now if the goverment would start a program to makes houses cheaper we would see an immidaite positive effect.
We just have banks like Santander complaining anfdthen you loot can blame it on brexit again.
