In general I've always had the most guttural reaction against "trust fund babies" (versus the working rich). But looking at my son and thinking about the difference between retiring at 45 (leaving a small inheritance) and retiring at 55 (leaving enough that he and his children will never want for anything) I am torn.
What should my framework be? Has he lowered my discount rate? Is he my incentive to continue working beyond the scope of self-interest?
What should my framework be? Has he lowered my discount rate? Is he my incentive to continue working beyond the scope of self-interest?
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