Isn't there research that shows that wealth concentration across generations just leads to that wealth dissipating within 2-3 generations? What's the point of that? I want my children to know the value of money.. that is that money comes by providing value to others. Pleasing one's parents/guardians/family is not that hard, IMO that's just a baseline.
Actually getting people to pay for something one made or can do is a lot harder, and takes deep efforts to accomplish. If my kids want to ask me for some money to start a business or attend some course, sure I'm more than happy to oblige. When I pass away, I hope my kids would have been able to build something of their own because they took inspiration from the world and people in it to be valuable human beings while I was still alive. I would honestly be proud if I don't have to leave anything to my children, because they have become capable individuals. It would be trivial for me to leave everything to my family, took like 20 minutes to write a will.
It is far more challenging and rewarding to raise good men and women, and I think I can do that by encouraging them to provide value to others. My parents could barely afford to feed themselves but after we moved to US put me into things like Kumon, a basketball camp, took me to the hospital to volunteer, encouraged me to do after school activities like robotics and math club, go to the library, etc.. I think it made me a far better person. When my grandfather passed away he had no money or assets to his name. You know what he said on his death bed? He was proud of his children and grandchildren, that they had taken life by the reins and done their best to steer that horse. "Have a good life" is what he said to me. I want my kids to have a good life too. While I'm alive I'll set them up for it. We all have our viewpoints, so that's mine.