Do you ever worry about your (future) grandchildren?

Please provide a reputable source of who "they" is and who says that.

Imo, this is a really stupid idea and depends on the amount of wealth, the way you raise your kids, etc. This is just a common saying that people believe for no reason.

I really don't get how you are basically predicting that your grandkids will be screwed when that is decades away.

I've yet to make any worthwhile success, so no, I don't worry about the future.

you know how I know you're chinese?

It's all the way you brought your kids up. I know personally the kid who will inherit Ford company in the future with his cousin and he goes to a great school and is overall a smart guy. So I think that's the way he was brought up by his parents and grandparents.

to be brutally honest, I am an opponent of heritage. I do know this sounds strange, so let me explain: if you inherit wealth and in addition work, you earn both a return on your wealth (interest rates, dividends, rent from your tenants if you own property, etc.) and your income. Even though you may be doing exactly the same work as the person sitting next to you in the office and even though you may be equally qualified and skilled, you will earn significantly more than him or her (unless he or she inherited a similar amount as well) due to your return on your investments. So basically you are having more than you actually deserve. and that is creating a huge wealth gap. Don't misunderstand me. I'm not left-wing. I'm pro free-market and I believe in hard work and merit. but I don't like the idea of someone having more simply because of good luck (which basically equals heritage).
I even admire people who earn a lot (if they deserve it). I have enormous respect for high-performers. but I simply cannot stand people who are lazy and yet millionaires due to their parents. In my opinion, government shouldn't raise the income tax (as that would tax merit and hard work), but rather should increase the heritage tax extremely. So long story short: Maybe your grandchildren won't benefit from your money. But that is nothing to worry. It is something positive. They ought to work hard for their money themselves (just like you as a first-generation person with money)

why do you even consider yourself as the first generation,,,...

Mitt Romney is a good example. He donated what he inherited from his father and only kept what he earn with his own hands. I admire that. to be honest, I also benefit from my parents, as they pay my tuition fees. but sometimes I just think it isn't fair. yes, life is unfair. but that is no reason not to try to make fairer. someone has to start somewhere.

*earned sry

define "fair". oh wait you cant

and i'm sure you thought this out when you blurted out your inane plan but think about the effect a "heritage" tax would have upon charities and endowments. most of these programs serve the exact same purpose as a random bloated government program except they are run much more efficient and actually serve the people they're meant to. higher death tax = less money to pass down = less more for charities because i'm going to want to see that my kids get paid first.

ife is not fair and if you believe in that generational theory, shit resets itself anyway. if higher taxes had even a remote chance of ending up improving things that would even out the playing field and granting people access to more opportunities, i would be all for it. unfortunately that's not how government does or ever will operate.

you could simply exclude endowments and charities from the tax. simple as that

Is this what kids are worried about these days? Their grandkids?

Life is brutally fair, to the tee. So don't complain. Its all about growing and becoming better.

It's not fair that some people inherit wealth and others don't. It's not fair that some people can get a perfect SAT in the 8th grade (my cousin) and get a free ride to college. It's not fair that my business partner is a natural extravert and is an amazing salesman as a result and therefore gets paid more money out of the firm's profits than me. It's not fair that one man can spend is whole life building a fantastic small business while another can make some idiotic smartphone app and make millions. It's not fair that one man is 6'6", 320 lbs and can run a 4.8 40-yard dash and get paid millions of dollars to block for a quarterback. It's not fair that one man has an IQ of 160 and can use that intelligence to land a high paid job coding for the NSA. And it's not fair that the guy down the street has a perfect jawline and can get any woman he wants by simply smiling.

Life isn't fair. And confiscating someone's inheritance in the name of fairness will do nothing to end the countless unfair things in life.