In our country first-generation wealth is now being created, and over time the propensity to give will in- crease.
A. The older generation, the first generation of wealth, is all married.
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As a result, they are able to focus on maximizing the generation of wealth and the growth of a portfolio, and worry less about how they achieve it.
Without continual innovation and development and the resulting generation of wealth we will have fewer choices and the negative impacts of inflation and government deficits would be far more severe.
But "while that's a good short-term strategy, longer term they're going to have to start thinking about how to appeal to the next generation of wealth, " says Katharine Wolf, an associate director at financial-services research firm Cerulli Associates.
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Wealth generation in West Wales and the Valleys for 2008 was down to 62.6% - the lowest level since devolution.
Is there any city, community or region that can possibly compete with its stunning record of innovation, creativity, and wealth generation?
Neither does deficit spending stimulate the instruments of wealth generation.
They were the means of production, and wealth generation.
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But as economics is at its core a behavioral science, the '09 draft was also an economics lesson for reminding us that best and worst is a fluid concept, while wealth generation is frequently compassionate beyond the basic truth that under capitalism, producers succeed for giving us what we want.
"You see this happening often, one generation would make the wealth, and the next two or three will lose it, " Ault says.
The Grat is a peculiar creature that rich people use to carry wealth from one generation to the next.
For those not leaving money to children, a majority of those surveyed believe that each generation should build their own wealth.
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Indeed, making communities more resilient by helping to keep a little more of the wealth from energy generation in local hands is the motivation behind this bill.
Yes, a few journalists, including me, have shed some light on how they managed to build and pass along such Brobdingnagian wealth from one generation to the next and the next. (Currently, 10 members of the Pritzker clan, including Penny, are individually rich enough to be on the Forbes 400 list.) But the family has remained largely mute on the subject.
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The winning accounts do their job of transferring wealth to the next generation.
That's what I want to talk about today: My plan to help a new generation of Americans save and build wealth.
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They're taxed at rates of up to 46% and up to a confiscatory 113% if the wealth skips a living generation and is passed to grandkids.
As wealth comes to a younger generation, so does the pressure to be charitable.
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Our primary investment objective is wealth preservation, but income generation does play a major role in determining our allocation.
The world's past wealth creation is outstripped every generation by innovation, human progress and the rapid growth of the above-subsistence population.
Its rise coincided with the now wistfully remembered technology boom of the late 1990s, when unprecedented wealth came to a new generation with hard-nosed instincts.
Staffed with money managers, accountants and lawyers, the office acts as the gatekeeper and governing body for a family whose wealth lasts longer than one generation.
And secondly, I'd ask him for his honest views on whether, at this time in American history, we should be repealing the estate tax or whether he thinks that great wealth should not pass from generation to generation without some piece of it being nicked for the public treasury.
First, they're affected by the vast racial businesses and wealth that are passed down from generation to generation.
"They're never going to be able to create wealth, other than what our generation leaves them and what they do with it, " he said.
In Asia "there is a huge cultural need that wealth has to be given from generation to generation, " says Premji who thinks the tradition of philanthropy that is so prevalent in the West will come to India eventually.
We need a young generation that can understand the world, a generation that understands science and innovation and climate change, a generation that understands others and values the enormous wealth of our cultures because they belong to all humanity.
In our, family we've been calling the trustee the "tai-pan" because in the book Noble House by James Clavell, the tai-pan was the one descendant in each generation who was chosen to manage the family's wealth to advance the family's mission as much as possible.
The importance of intangible cultural heritage is not the cultural manifestation itself but rather the wealth of knowledge and skills that is transmitted through it from one generation to the next.
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