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The Rich Kids Who Want
to Tear Down Capitalism

Original Article

Posted By: NorthernDog, 11/28/2020 10:16:43 AM

Lately, Sam Jacobs has had a lot of conversations with his family’s lawyers. He’s trying to gain access to more of his $30 million trust fund. At 25, he’s hit the age when many heirs can blow their money on harebrained businesses or a stable of sports cars. He doesn’t want to do that, but by wealth management standards, his plan is just as bad. He wants to give it all away. “I want to build a world where someone like me, a young person who controls tens of millions of dollars, is impossible,” he said. A socialist since college

Comments:

They sound like spoiled, money-grubbing brats who want to squandered wealth created by anyone but themselves.

Post Reply

Reply 1 - Posted by: PChristopher 11/28/2020 10:26:09 AM (No. 618482)
I would very much like to see these brats give all of their money away and see how they REALLY like living like post-war Soviets.
41 people like this.

Reply 2 - Posted by: philsner 11/28/2020 10:26:36 AM (No. 618483)
A fool and his money are soon parted.
44 people like this.

Reply 3 - Posted by: ROLFNader 11/28/2020 10:35:18 AM (No. 618494)
Hey Sam! ( I can call you Sam-can't I ?) I am volunteering to help you to feel better right now! Just sign 20% of that money to me as soon as it is available and convenient. I will not waste it on race cars, or wimmins or high powered firearms., I promise. I will randomly drop off a small handful of twenties at the end of every quarter for as long as I live , like clockwork, in an ethnic neighborhood of your choice. I can even send photos of me doing your good work. If the above terms are not acceptable to you , please advise at your earliest convenience and I'll rejigger, er rejeeg..change it more to your liking. Thanking you for your consideration in advance, Your friend ( who used to be a hippie in the 70s,btw) Rolf
17 people like this.

Reply 4 - Posted by: clayusmcret 11/28/2020 10:46:26 AM (No. 618510)
"“I want to build a world where someone like me, a young person who controls tens of millions of dollars, is impossible,” he said. A socialist since college" I won't click on a NY Slimes link to read this, but based on the little bit in the summary, here's a classic example of a young socialist progressive (redundant?). He sees his wealthy unearned privilege as unfair, but instead of just giving it away for the good feeling he thinks it will bring, it appears he also wants to makes sure every other young privileged unfairly wealthy person also has to give theirs away, too.
22 people like this.

Reply 5 - Posted by: VELOX 11/28/2020 10:47:44 AM (No. 618511)
I think that is a great idea. Let the down to earth rich people invest in companies that put people to work. Carlos Slim at one time the richest man in the world said instead of giving money away he would continue to insist in companies in order to give people employment. I like his idea more that simply giving money to social outcast so they can buy more crack. Of course there is always the deserving unfortunate person or family that needs help, but randomly giving money away rarely reaches them.
13 people like this.

Reply 6 - Posted by: wilarrbie 11/28/2020 11:04:32 AM (No. 618521)
Because they know nothing about the VALUE of things, they will donate money to orgs they believe in, but really - what do those orgs actually DO? They simply organize for more people to aggitate for more money. They circular complaint goes round and round and the problems are never solved, but certainly - money transfers and somes get more than others for it. Here's an idea: Take your millions and start mini grocery stores in those so-called food deserts. GIVE the stores to locals - trained to manage and operate them and hire from the community - run them in such a way that they can self-sustain after the 'gift' of the start up so they become community-owned. Then get back to me in ten years for the follow up.
13 people like this.

Reply 7 - Posted by: LeeBertie 11/28/2020 11:05:14 AM (No. 618525)
What's to stop the current generation from specifically disinheriting these young "progressive" "anti-this", "anti-that", anti-whatever created their presumed FUTURE wealth in the first place? If they object so strenuously to it, why not re-distribute the bulk of it to fewer heirs and leave these "progressive" "anti-this", "anti-that", anti-whatever types a cool $1000 each and tell them to get a job so they can create their own "clean" wealth.
7 people like this.

Reply 8 - Posted by: Californian 11/28/2020 11:16:53 AM (No. 618533)
A fool and his money are soon parted! I laughed my way through this entire article. So the dumb brainwashed kids of some very wealthy families will give away their part of family inheritance to a bunch of do nothing socialist grifters. Note that several of these are adopted. If their parents allow that to happen, so be it. I'm sure most have other kids who aren't stupid. These will just end up at Starbucks and their kids will bitterly ask why they can't afford college and a nice place to live while their cousins are ultra wealthy. "Thanks mom! Thanks dad! For screwing us over when you were young and stupid!" Margaret Thatcher — 'The problem with socialism is that you eventually run out of other people's money.'
13 people like this.

Reply 9 - Posted by: Starboard_side 11/28/2020 11:22:49 AM (No. 618535)
Wait until he finds out what it's like to NOT have that nest egg, and the privileges he's enjoyed most of his life. What this kid doesn't realize, his $30 million seems like a lot until he realizes he will need to live off of it for the next 60 years. Keep in mind, $1,000,000 at 5% return is $50,000 per year ($961.54 per week) Now, does anyone need $50 billion dollars either? Not really. So, maybe something happens with a wealth tax, or some option using the tax code to enable ultra-rich people to give away money without it being a tax-sheltered Foundation.
4 people like this.

Reply 10 - Posted by: Venturer 11/28/2020 11:49:39 AM (No. 618562)
One thing is certain, this kid never worked a day in his life. One day on a tobacco farm or a day driving a honey dipping truck would change his mind fast enough.
15 people like this.

Reply 11 - Posted by: mizzmac 11/28/2020 11:56:11 AM (No. 618566)
His parents must be so proud.
9 people like this.

Reply 12 - Posted by: PostAway 11/28/2020 11:58:43 AM (No. 618567)
These people are stupid and cowardly. First, they not only don’t know what they’re talking about but it has never occurred to them that their plan will make the world worse. It will. They think unearned wealth is wrong and to prove it......they plan to give their money away to people who haven’t earned it.... Mr. Jacobs, et al., here on earth, Marxism is just a fancy name for giving all your money to gangsters who will work very hard to keep Marx’s “lumpen masses” in poverty and dependent in order to prey on them. The cowardice is imbedded with the idealistic sounding “make the world a better place” con. It includes the thought that you will only give up your wealth if everyone else of means does so, too. Mind your own business, kids. If you want to give your wealth away to strangers go right ahead but that doesn’t’ mean the rest of us need to do anything.
6 people like this.

Reply 13 - Posted by: john56 11/28/2020 12:02:38 PM (No. 618572)
Don't worry. In the end, the rich kid will keep all his money and expect you and I (the middle class) to pay for it. Oh yeah, he'll be okay with increasing his tax rate (which he doesn't pay anyway) which will also affect us in the middle class. And he'll get richer and we'll get poorer. And he'll live happily ever after.
8 people like this.

Reply 14 - Posted by: montwoodcliff 11/28/2020 12:04:32 PM (No. 618573)
Poverty sucks kid! You will find out how bad it is the day you run out of money and start living hand to mouth. When you get old, you will find out how lonely you are and then die alone with a bottle of cheap gin in your cold, lifeless hand. You need a good slap to the side of your head to wake you up.
5 people like this.

Reply 15 - Posted by: zoidberg 11/28/2020 12:08:41 PM (No. 618578)
A fool and his money were lucky to ever have been together.
6 people like this.

Reply 16 - Posted by: zephyrgirl 11/28/2020 12:12:47 PM (No. 618582)
Steve Bing probably felt the same way these morons did - he inherited a few hundred million, gave millions to leftist causes (including the Clinton foundation) over his life, and squandered the rest trying to be a movie mogul. At 55, he discovered he'd run out of money and jumped to his death from the 27th floor of his apartment building. According to Wikipedia, his net worth was $300,000 when he died. It sucks to look back and realize what an idiot you've been.
8 people like this.

Reply 17 - Posted by: Chuzzles 11/28/2020 12:39:48 PM (No. 618599)
If they knew actual and real history, they would know that the earliest colonialists tried socialism and communal living for about a year. Didn't work, because even then, the lazy parasites didn't work hard at all because they knew they would get a share of everyone else's hard work at the end of the year. So socialism was dropped. These brats are so mentally incompetent they need court ordered keepers. Do with your own money what you will kiddies, but leave the rest of us alone. Stay out of our wallets.
5 people like this.

Reply 18 - Posted by: coyote 11/28/2020 1:12:39 PM (No. 618620)
To get rich is glorious! (so say the kids that lived under Chinese communism)
3 people like this.

Reply 19 - Posted by: spacer 11/28/2020 1:18:09 PM (No. 618627)
I can imagine the whimpering sobs that would have blubbered from this little fop had he been disinherited from the 30 million bucks.
4 people like this.

Reply 20 - Posted by: BarryNo 11/28/2020 1:26:18 PM (No. 618635)
Liberals don't want money, they want control. They want slaves and servants. Money means you had to work for something and your control is limited by your purse. They're Elites!! Hand me the car! Escort me to the plane! Go to bed with me, now! They use money to measure everyone's influence and hate it, when someone 'scores' higher than they do.
4 people like this.

Reply 21 - Posted by: BarryNo 11/28/2020 1:33:43 PM (No. 618643)
Money is for peons. The chattel. Liberals like this little blob of slime want to be gods.
4 people like this.

Reply 22 - Posted by: old dog 11/28/2020 1:56:04 PM (No. 618658)
Wonder what the kids are gonna do when they figure out that trust fund dollars are no longer the coin of the realm? New coin a pig ear or ox tail or their national bird-a chicken foot!
1 person likes this.

Reply 23 - Posted by: bella 11/28/2020 3:14:08 PM (No. 618730)
Why all of these Times columns? I don’t read the Times and I don’t know anyone who does.
2 people like this.

Reply 24 - Posted by: volksford 11/28/2020 3:54:09 PM (No. 618760)
I hope a top notch huckster is reading this article and our boy Sam ends up on skid row.
3 people like this.

Reply 25 - Posted by: secondtimelucky 11/28/2020 4:39:53 PM (No. 618797)
gotta wonder if he cleans his own toilet and washes his own dishes. And maybe drives a 15 y/o car. Just in solidarity, you know...
2 people like this.

Reply 26 - Posted by: bad-hair 11/28/2020 5:31:00 PM (No. 618826)
Sam you little idiot. You think 30 million is rich ? Tell it to Bezos, Musk or Gates. That's about an hour's worth of interest in their world. Tell them you want to build a world where entitled rich brats like you are "impossible" and I'll bet they will agree.
0 people like this.

Reply 27 - Posted by: dst4life 11/28/2020 6:40:11 PM (No. 618870)
Why does anyone bother to read this rag? It's not even good enough to line a bird cage.
1 person likes this.

Reply 28 - Posted by: Faithfully 11/28/2020 8:42:47 PM (No. 618927)
The young white girls and boys who have never before been downtown at night and get their thrills virtue signaling will regret their foolhardy playing at heroes. Parents, rule in your children.
1 person likes this.

Reply 29 - Posted by: Rumblehog 11/28/2020 8:49:40 PM (No. 618931)
If anyone runs into one of these snot-nosed brats, please ask them to put their money where their Kringle-hole is and donate all their money RIGHT NOW to a homeless shelter. Don't ask for laws to do what you can do under FREEDOM today! Communism only ensures the mutual misery of the working class,while creating a vast swath of an enriched political class. See what the Communist countries past and present do to people who remain on welfare - DEATH.
1 person likes this.

Reply 30 - Posted by: ColonialAmerican1623 11/29/2020 4:05:53 AM (No. 619011)
For every giver, there is a taker. Nonprofits are waiting for your cash to increase their salaries. Idiot children. Don't give them the money.
0 people like this.

Reply 31 - Posted by: Oldenoughtoknowbetter 11/29/2020 8:28:21 AM (No. 619104)
I say fine. He can give all his money and possessions away and change his name. I hear the Clinton's are looking for more to help Haitians plus Hunter needs a fix. Just don't come after mine.
0 people like this.

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