if anything it seems to screw them up
That's why it's dangerous :)
Buffet has it right: leave them enough so that they can do anything, but not enough so that they can do nothing.
That's why it's dangerous :)
Buffet has it right: leave them enough so that they can do anything, but not enough so that they can do nothing.
I.e. Paris Hilton has the money that she uses for hedonistic purposes, but she won't be put into a position of power.
In formulating my reply, I think I came around to the other point of view. Bad things can happen, but inherited money is probably a minor enabler in this, and just the opposite can happen as well (inherited money can do much good).