Blowing 10-20 million, puts 10-20 million back into the economy and creates a demand which in turn puts people to work, which means it is taxed. It is a natural way of income redistribution, not forced as the government does. So it is all good. If everyone who inherited their money did this, the economy would be better.
I really don’t care how other people spend their money or if they inherited their money, it isn’t my business and I have more important things to worry about than whether you worked for your wealth or inherited your wealth.
They could get the money back into the economy by taxing the inheritance. Then they wouldn't have to worry about wasting goods and services on some good-for-nothing lazy rich deadbeat.
since when do you guys care about working?
Second, why cant rich people leave money to their kids?
They can, but it should be taxed like regular income at the very least.
and third he increased his wealth by quite a bit working, so it's not like he took the money from daddy and then blew it on hookers and coke.
Why can't everyone else pull themselves up by their bootstraps and "work" by investing their spare $10-20 million they have laying around?
wow are you on crack? or do you just like to deny reality to keep your bubble up?
The reality is that inheriting something is not "work."
OK, he got richer working......he had money and did something with it...why are you such a hater of that......
was your dad rich and you tossed it down the toilet?
Yeah, he put it somewhere for it to become more money. Investments are not "work" kind of like the lottery is not work.