[PieterCasparzen]

Setting up foundations sets up for their eventual takeover; the money attracts jerks like flies and they eventually turn evil. You can't "give" things to people as Carnegie did with the libraries. What people don't have to work for they do not appreciate. Obviously the same goes for inheritance, if it all goes in one fell swoop to a small group that are not up to the task of being stewards. The private enterprise way to dispose of a huge fortune: sell pieces and parts to enterprising people at a discount. That makes some of the value actually disappear in the transactions, making the disposal go faster, and it gives a great opportunity to those who you think are on the right track. But it's only an opportunity - the buyer has to take the business and run with it. Through this type of "disposal", one can decrease one's estate to the size one desires, if one so desires, and not do harm by desperately throwing money at ill-conceived schemes.

Regarding the elites that now pervade most foundations:

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[PieterCasparzen]

Ping !

[Absolutely Nobama]

“What people don’t have to work for they do not appreciate.”

And let’s not forget, they don’t appreciate those who provide it, either.

[PGalt]

Very good post in a very interesting thread. Thanks for the ping.