Jamie Johnson: Lie of Inheritance Deniers

Posted by admin on Wednesday, September 10, 2014

Jamie Johnson Money Quotation saying even when parents don’t leave large sums of cash to children, they’ve provided best education, endless contacts and opportunities. Jamie Johnson said:
 
Jamie Johnson When vastly wealthy people say, ‘I’m not leaving my kids any money,’ it’s typically not true quote
 

“When vastly wealthy people say, ‘I’m not leaving my kids any money,’ it’s typically not true” — Jamie Johnson

 

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In this quote, filmmaker and heir Jamie Johnson seems to be casting doubt on wealthy individuals who publicly claim they will not financially inherit their fortunes to their children. He suggests that despite these statements, in reality large intergenerational transfers of wealth often do still occur between very rich families.

Johnson appears to be implying the ultra-wealthy may say one thing about disinheriting their offspring for PR purposes, but the reality is their children still tend to receive sizable inheritances. The quote conveys Johnson’s skeptical perspective that when extremely affluent people proclaim they won’t leave money to their kids, it frequently isn’t an accurate reflection of what ultimately happens to their fortunes after they pass.


 

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