“Nope, they won’t have anything like that,” Bill Gates said. “They need to have a sense that their own work is meaningful and important.”
I'm completely in support of teaching your kids to fish as opposed to merely giving them fish. I believe that the Gates' decision is the right, just and noble thing to do, and I think a lot of Billionaires in Nigeria should borrow a leaf from the Gates.
But, imagine you're the child of Bill Gates or an equally wealthy billionaire. Would you understand and accept that the bulk of your father's vast wealth would be given to strangers (charity) while you're left to work for everything you need?
Would you think your father's billions are your entitlement and it's therefore you who ought to decide how the money is spent when he passes away?
What would your reaction be if your billionaire father calls you one day and says "my child, I have given you everything you need, when I die all my money will go to charity" ?
To be honest, regardless of how educated, hardworking, enterprising etc etc etc I am, I WILL NOT FIND THAT FUNNY. *straight face*.