Earlier quoted context omitted.
My kids would be. My theoretical grandkids probably would be too. Anything farther out than that is too attenuated for me to care much about. Anyway, most family wealth doesn’t turn into a dynasty. Usually the first generation that didn’t have to work for it ends up pissing it all away.
Thanks for noticing the implications. Your great-grandkids would find utility, as would their children's children. It's their perspective that matters for utility, not yours. The fun thing is people talk log utility but forget there's an exponential process (children) that can follow until the lineage dies out. Agreed it gets pissed away. Which means the children process doesn't have to be particularly exponential to…
Not sure I agree. What I said at the beginning was that *I’d* be just as happy with 100 million vs 500 million. Their utility only matters in that calculation to the extent it affects my utility.