General Discussion
In reply to the discussion: Hillary and Bill earned every penny they have. [View all]Erich Bloodaxe BSN
(14,733 posts)all of that money going off to relatives as part of the 'give away'. And I've said elsewhere I'm in favour of capping lifetime transfers of wealth or inheritances at something like 5 mill (current inflation dollars), so even giving 1-5 mill apiece away to various relatives doesn't bother me in the least.
My idea is that the more money is divided up, the more it stays in economic circulation. If you've got 10 heirs, that's better for the overall economy than if you have 1. If you have 100, that's better than if you have 10.
If I really were to win a large lottery, I would do something similar for close friends and relatives first, but then pour the rest into places I think have largely been left to rot by the government, like the various reservations out in the Dakotas, where unemployment runs something like 80%, and people are constantly struggling merely to even afford propane or heating oil to survive the brutal winters, and most of the buildings have black mold issues.