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by Master_Odin 1371 days ago
Within this comparison, will the various children of Musk or Gates or Buffet be as memoriable as their parents, or will they end up like the Kennedys, where yeah they exist and probably have a bunch of money, but they're "not important".
1 comments

I'd guess those children will be even less important than the Kennedys. Among the voting public, last name recognition plays a large role. When publicly traded companies choose a CEO, last name recognition is much less important. Gates is also giving away almost all his wealth so his kids won't get it. For the others, inheritance tax will take a significant fraction, and the money will be divided between multiple children.
I'll believe it when I see it. During the timeframe where he said he'd give away half of his money he did spend a whole lot on charity(idk if it was half of the initial amount but i doubt it) and avoided a lot of taxes that way but he also tripled his wealth. He's also the biggest single person landowner in the US I think which I don't see him handing over soon.