Replies

well...I'm one of those "trust fund babies" and I guarantee I work harder than most adults. In addition to attending college 3/4 time (only carrying 9 hours this semester) I work full-time in the family business. After my father passed (politicalwit) I took over operations where I work 50-60 hours ever week, no weekends off and worked thru the holidays to complete transactons in the petroleum industry.

I do have my favorite charities (BSA, Salvation Army and Feed The Children) but I have earned every cent entrusted to me. There is no celebrity status for me or my brothers. We work and will save and spend as we damn well please. There are more "trust fund babies" like myself than the likes of Paris and Company.

I work full-time in the family business. After my father passed (politicalwit) I took over operations where I work 50-60 hours ever week, no weekends off and worked thru the holidays to complete transactons in the petroleum industry.

Your type (work hard and continue the family business) is what we need more of. I certainly beleive that there are more of you out there.

I still stand behind my statement. Most trust funds are set up for the sole purpose of passing the money down the line and side-stepping the IRS, not for philanthropy. Not that there is anything wrong with that, as the people who set them up, certainly have earned the money to do so, and they should be able to keep it. The ones I have a hard time with are like Buffet. He sets his up, then works to make it harder for the rest of us to do so.

My original comment wasn't to be taken as a stab at anyone, just correcting why they are put in place.