Proverbs 13:22 says: "A good man leaves an inheritance to his children’s children, And the wealth of the sinner is stored up for the righteous."
I've read several interviews over the years where wealthy people say things along the lines of "my kids won't see a cent of my money", ***but*** the way they come off is smug and holier-than-thou as if it's a virtue to not leave your kids anything.
It is one thing to say that you don't want your kids to end up being entitled brats who end up junkies but that has to do with how you parent them *before* you die. I think that when these types of stories are published, it causes older generation to think that leaving nothing to their children isn't just normal, but praiseworthy.
Additionally, when someone in the entertainment industry makes these sorts of comments, they want to believe that their wealth came from how great they were without any acknowledgement that they were lucky. It would be like a lottery winner saying that he wasn't going to leave his children any of his lottery winnings because he "wants them to know how to work for a living".
It's the *attitude* that gets me, the idea that people think not leaving your children an inheritance is something to brag about.
Which is a good idea, if the world wouldn't be so fucked. 50 years ago it was much easier to hustle through life and find a living doing whatever. You could be creative or go the default route. Both worked.
As of inheritance, if it's all about money, the boomer already failed. Handing a farm, shop or anything related to professions to your offspring to continue the work is one thing, but just handing bags of money is stupid.
But the boomer is too self-obsessed and arrogant to recognize his failures and how to do anything right that isn't already handed to him by the status quo.