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Old 02-07-2013, 11:31 AM
 
1,167 posts, read 1,122,139 times
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Boy that guy better watch out...His Kids might hire a hit man before his will is changed...

Wealth 'Poisons' Kids, Says Aussie Finance Tycoon - Yahoo! Finance
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Old 02-07-2013, 12:09 PM
 
25,021 posts, read 27,927,795 times
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It does. How many stories of wealthy people do you read that their kids are on drugs?
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Old 02-07-2013, 12:34 PM
 
Location: California
37,135 posts, read 42,203,740 times
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It does, if they have no incentives in life. It's not actually the wealth that does it, it's the general attitude of those raising the kids.
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Old 02-07-2013, 12:35 PM
 
25,021 posts, read 27,927,795 times
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Quote:
Originally Posted by Ceece View Post
It does, if they have no incentives in life. It's not actually the wealth that does it, it's the general attitude of those raising the kids.
I imagine in their pursuit of maintaining and accruing more of that wealth, they neglect their kids and the kids turn to drugs and alcohol
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Old 02-07-2013, 12:37 PM
 
Location: Palo Alto
12,149 posts, read 8,416,274 times
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Originally Posted by theunbrainwashed View Post
It does. How many stories of wealthy people do you read that their kids are on drugs?
I knew all those kids in Oakland and Richmond were loaded! How else could they afford those shiny wheels and gold teeth?!
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Old 02-07-2013, 12:49 PM
 
16,545 posts, read 13,450,045 times
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It's ALL about parenting, not how much money you have.
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Old 02-07-2013, 12:50 PM
 
Location: North America
19,784 posts, read 15,108,168 times
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It's the parents, not the money.
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Old 02-08-2013, 05:47 AM
 
43,652 posts, read 44,375,612 times
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Quote:
Originally Posted by SourD View Post
It's ALL about parenting, not how much money you have.
Definitely true!
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Old 02-08-2013, 06:17 AM
 
30,063 posts, read 18,660,332 times
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Quote:
Originally Posted by Mr.XXX View Post
Boy that guy better watch out...His Kids might hire a hit man before his will is changed...

Wealth 'Poisons' Kids, Says Aussie Finance Tycoon - Yahoo! Finance

Completely false.

There is a direct correlation between future income and academic performance relative to the wealth of the parents. The "down trodden" like to believe that "the rich" are metered out a cruel justice of failed children, but it is just a jealous, bitter fantasy.
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Old 02-08-2013, 06:35 AM
 
Location: Long Island, NY
19,792 posts, read 13,945,761 times
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Quote:
Originally Posted by hawkeye2009 View Post
Completely false.

There is a direct correlation between future income and academic performance relative to the wealth of the parents. The "down trodden" like to believe that "the rich" are metered out a cruel justice of failed children, but it is just a jealous, bitter fantasy.
If you define everything in terms of future income, you are right. However, future income doesn't mean one has admirable values.

"Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars." -- Warren Buffett
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