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View Diary: A Conversation w/ My Rich, Republican Father (226 comments)

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  •  You can set up perpetual scholarships and stuff (9+ / 0-)

    like that ... the giving keeps on long after you are gone.

    Occupy The Voting Booth - vote for candidates that represent your Occupy values.

    by mumtaznepal on Mon Jan 30, 2012 at 10:05:38 PM PST

    [ Parent ]

    •  With real wealth (4+ / 0-)
      Recommended by:
      Sychotic1, Cedwyn, lina, SuWho

      of any kind you would be surprised at what you can do with it.

      If you hold off giving away a million dollars today , 5 years from now you can give away 2 million and still have money left over.

      That's the idea.  By smart management of wealth you can make a far greater difference than just by giving it away. Even by a "perpetual scholarship" it short sighted unless you are dying and have no relatives of worth.  You can get much much better returns yourself than via some some scholarship fund. (They usually don't get very high returns on their investments)

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