Looking at the problem as if I had grandchildren.... I would take an active role in where my $$ goes and why. Giving family a head start is powerful, but they should earn that privilege somehow. So if I were a recipient, I would assume I earned it ad be proud to have it and use it well.
what sort of "earning it" would you expect- normal stuff like get a degree / live independently / work a normal job? or extraordinary performance of some sort?
More notes on nearby ideas
Reply · Jul 16, 2021@QiaochuYuan I think it's interesting and appreciate the honesty- my family has some wealth but raised me quite differently with a big emphasis on…Reply · Jul 16, 2021@QiaochuYuan They set me up for success by paying for a reliable car and college education, and by paying me for part time work in my teens... But…Reply · Jan 21, 2022@space_colonist Not unless you have kids, or maybe elderly parents relying on your income.Reply · Jul 31, 2022@robinhanson @twinfrey Making a living while giving parents an opportunity to status signal and guilt the kid into trying harder (“I’m paying $2K for…