Preachers of Preppy Predestination
1. Insurance to keep orphans from having a below-average life is the opposite of a trust fund, which ensures that below-average people live an above-average life, pushing the talented out of the way.
It was more than just insurance. Two signifcant retirement funds and a decent house, two cars too, now that I think of it.
Kid would have been a millionaire at 18, or 25.... If the evil sister in law didn't blow it.
2. We can't make judgments from exceptional cases.
Got any numbers on what percentage of trust funds babies have lives of power and prestige as opposed to becoming loser shut ins?
