Bill Gates says he and his wife plan on leaving a mere $10 million each to each of their children and giving away the rest.I guess they didn't want to spoil them with gazillions! ;-), but I wish my Dad spoiled me a little more than the $10 I got!In some ways, we have to respect Bill for this if it turns out to be the case.I always wondered about those who think the rich should giveway x amount of dollars to charity vs multiplying it themselves while providing jobs and boosting the economy and eventually giving it away, but in a trust fund of investments where only so much of the returns could be taken? Wasn't it Ben Franklin who left a small sum to the city of Philly, but it couldn't be touched for a 100 years while earning interest or something like that? What if the rich (greater than 10 mil? net worth) and large corporations had to give a fixed % of their profits to charity, medical causes, etc.Would this be a bad or good idea in your opinion?PS, are you sure he will want New Jersey?
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