Quote (bentherdonethat @ Jan 15 2012 02:46pm)
Oh, it's definitely greed. If it were just survival, people would stop when they had enough to survive for the rest of their natural lives. Anyone with over $1B has absolutely no excuse to keep making more money if it's just for survival. That's enough money to survive and for your next 10 generations to survive as well.
But still they continue. Because competition and greed are very much present in our nature. Competition is essential, and that's part of what drives our survival instinct, but there's really no question that our competitive nature doesn't have an Off switch.
yes, our survival instincts are unquenchable. Therefore greed is human nature.
Quote (bentherdonethat @ Jan 16 2012 08:54pm)
MAYBE more than that. If each generation has two kids, then the 10th generation will have 2^10 kids. That's 1024 people in that generation, so pretty much ~2000 including the previous 9 generations as well. So $1B split 2000 ways is only 500,000.
But then that's assuming the $1B is not increased at all through investments and the like, and that none is removed via estate tax. In actuality it's probably "only" enough for 5 generations or so, if investments are not handled well. But that's still long past the time where your progeny will even know who you were other than "generic rich ancestor"
only if you don't care how you're remembered
This post was edited by Wyrmvater on Jan 17 2012 04:12am