Someone brought up the subject today about creating a trust for their family, where they put all their money into it when they died, say 1 million. They were talking about then not letting several generations touch it, where it would reach 10 million after one lifetime, 100 million after another, and so on and so forth so that their long term bloodline would be billionaires and not have to work.
This got me curious because of course it starts to fall apart when you consider if they did this for long enough, that they would eventually have more money than the global economy. So my question is how, why, when, would this strategy break down.
Submitted January 12, 2018 at 12:06PM by hrrm http://ift.tt/2CWppTq
