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Bill Whittle Network

Inheritance: More Wealthy People Say They'll Leave it to Charity, Rather than to Their Kids

Bill Whittle Network

Bill Whittle Network

News

4.9720 Ratings

🗓️ 22 November 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

Generational wealth passed down to offspring can bless them or cripple them. Lately, some high profile rich people say they're not leaving it to their children, but giving their inheritance to charity. Are they virtue signaling to their audiences, or trying to protect the children from the hazards of unearned riches? Alfonzo Rachel and Bill Whittle create two new episodes of The Virtue Signal each week thanks to our Members and donors at https://BillWhittle.com

Transcript

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0:00.0

We're having to storm our own beaches of tyranny to keep us from destroying ourselves.

0:19.7

Howdy, folks? Welcome to the Virtue Signal. I'm Alfonso Rachel, my buddy Bill Whittle.

0:23.6

And you know how we do. We're going to talk about actual virtue. I think we talk about actual virtue here, man.

0:29.3

And we're not going to give it over to the so-called virtues of these perverse. Free Tibet.

0:32.8

Right. So look at it. Bill, I caught up with, um, with some paramounts of, uh, some virtue, uh,

0:40.5

the other day. Um, Steve Harvey, uh, was having a conversation with, uh, TD J's. And, and the subject, uh,

0:50.2

is, is generational wealth, right? And, and to get down to it, basically what they're talking about and patting

0:58.2

each other on the back for and getting the accolades from their audiences, yeah, I'm taking,

1:05.0

me and my wife, we're taking all our money with us. We're going to spend like 85% of it.

1:13.4

And we're going to give the rest of it to charity.

1:15.7

Aren't they such nice people?

1:16.7

And the audience is like, oh, yes, that's right.

1:18.3

Give it to charity.

1:19.0

In other words, give it to us.

1:20.4

And we ain't leaving nothing for our kids.

1:23.5

And this is seen as virtuous. It's like, you're going to amass this wealth, but you're not going to give it to your kids.

1:29.8

You're going to give it to charity.

1:30.7

And man, you know, like I said, this is not scriptural at all.

1:34.9

And these people are theological superstars, right?

1:39.3

Even the founder of flipping Hobby Lobby, you know, conservative Christian hobby.

1:45.7

He says the same thing.

1:46.7

He's going to follow after the model of, what is that, Patagonia or something like that,

...

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