Cultivating a Child's Wealth Gene: Breaking the Ancient Curse of "Richness Not Lasting Beyond Three Generations"

Author: Chen Tao
Publisher:
Publishing Time: Not available
Features: This is analogous to the attitude of American billionaires toward inheritance taxes. After President Bush took office in 2001, he announced the abolition of inheritance taxes within 10 years. In the U.S., an is applied, where the larger the inheritance amount, the higher the tax rate, with a maximum of 55%. Bush gave the billionaires such a valuable gift; they should be grateful. However, surprisingly, the billionaires did not appreciate it. In February 2001, 120 of the wealthiest billionaires in the U.S. proactively wrote to Congress, petitioning for the continuation of inheritance taxes. When it comes to wealth education for the next generation, Chinese parents today might want to reflect deeply. The content of this book is both profound and accessible, highly insightful, and worth reading carefully.