Comments on: The Last Shall Be First http://www.concurringopinions.com/archives/2007/07/the_last_shall.html The Law, the Universe, and Everything Sat, 21 Nov 2009 21:19:19 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Heidi Kitrosser http://www.concurringopinions.com/archives/2007/07/the_last_shall.html/comment-page-1#comment-53309 Heidi Kitrosser Sat, 07 Jul 2007 23:16:52 +0000 http://www.solove.org/archives/2007/07/the-last-shall-be-first-2.html#comment-53309 Great post, Frank! The point about inherited wealth reminded me of a couple of things. First, I recall reading an article that quoted Warren Buffet as saying that he wants to leave his kids and grandkids enough money so that they can do anything, but not so much money that they can do nothing. A refreshing philosophy! Also, I recall a story about how the current Hilton clan came to inherit their wealth from Conrad Hilton (great grandfather to Paris). Here's a little bit on that from a story by Kay Hymowitz in City Journal: "[Conrad] was an industrious, self-made millionaire, who, having struggled to make his own fortune, didn’t much care for the idea of turning his offspring into trust-fund kids. He was also a devoted, though obviously flawed, Catholic. Accordingly, and to the dismay of his potential heirs, he left the vast bulk of his fortune to the Catholic Sisters. It was only through the energetic legal maneuvering of his son Barron that the Hilton progeny got their mitts on Conrad’s money. What would Hilton Sr. make of the vulgarity of present-day Hiltons?" Great post, Frank! The point about inherited wealth reminded me of a couple of things. First, I recall reading an article that quoted Warren Buffet as saying that he wants to leave his kids and grandkids enough money so that they can do anything, but not so much money that they can do nothing. A refreshing philosophy! Also, I recall a story about how the current Hilton clan came to inherit their wealth from Conrad Hilton (great grandfather to Paris). Here’s a little bit on that from a story by Kay Hymowitz in City Journal:

“[Conrad] was an industrious, self-made millionaire, who, having struggled to make his own fortune, didn’t much care for the idea of turning his offspring into trust-fund kids. He was also a devoted, though obviously flawed, Catholic. Accordingly, and to the dismay of his potential heirs, he left the vast bulk of his fortune to the Catholic Sisters. It was only through the energetic legal maneuvering of his son Barron that the Hilton progeny got their mitts on Conrad’s money.

What would Hilton Sr. make of the vulgarity of present-day Hiltons?”

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