Ram Gopal Varma Quotes

When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.

Some people want to amass a great amount of wealth and make a great looking obituary. I'm going to die with more money than is good to leave my son.

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it's less likely that a very high percentage will go back to society.

7 percent of inheritors get two-thirds of all the wealth transfers..

We don't think every man should be free to pass on everything to his descendants.

The death tax robs parents of the opportunity to pass something along to their children, and it is responsible for destroying a lot of family-owned businesses.

I want to see wealth cascading down the generations.

The entire American concept of the 'family business' is put at risk by the death tax.

I want to make sure I don't leave any money for my kids, so I'm going to spend it all on clothes.

I personally think that people who are inheriting the wealth must have an agreement on how that wealth will flow from generation to generation, how they would like to spend it, and have similar philosophies around philanthropy to ensure continuity and scaling up.

Rich men's sons are seldom rich men's fathers.

There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.

My instruction to my parents is that I would rather they enjoy their retirement than leave me anything when they go. I am much happier watching them enjoying life.

I spoil my children rotten and hope to leave them enough so they can do the same to theirs.

And those are the Rich, who transmit what they have to their Posterity; whereby particular Families become rich; and of such are compounded Cities, Countries, Nations, etc.

The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations.

I have three lovely children. They are beautiful, talented, and kind-hearted. I'm most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.

Many small business owners want to pass their family legacy on to their kids and grandkids, but they are turned over to vulture funds because the family may be asset rich but lacks the cash to pay the estate taxes. I have met people who literally sold the farm to pay the taxes.

I did not inherit a single dime from my father.

For an inheritance to be really great, the hand of the defunct must not be seen.

What I wanted to do was to earn enough money to pay for my mother's house. When my mother passed away, I wanted to buy it from the rest of my family and keep the house in the family. That was the only reason I even attempted writing for money.

The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.

I have amply provided for my son during my lifetime.

The Bible tells us that we're supposed to leave an inheritance for children.

It's time we permanently repeal the tax on possessions that people leave to their children.