For you economic folks
People make long-lived trusts (100, 200, 500, 1000 years) with their money in their wills, hoping that their money will grow with compounded interest.
People are greedy and want that money now. Since the people are dead, the trusts usually die too.
There were a couple examples of neat ones, like Ben Franklin creating one that lasted 200 years, and grew to several million dollars. It would have been larger, but he stipulated that parts of it be used at 100 years.
People are greedy and want that money now. Since the people are dead, the trusts usually die too.
There were a couple examples of neat ones, like Ben Franklin creating one that lasted 200 years, and grew to several million dollars. It would have been larger, but he stipulated that parts of it be used at 100 years.
It's not me, it's someone else.