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Wealthy people are a soft target at the best of times. The media revels in sensational stories about wealthy families, especially when things go wrong. And if that wasn’t enough, neo-socialists in the US preach redistribution and question whether the world should have billionaires. The emerging “wealth minimisation” movement encourages inheritors to redistribute “excess wealth” for the betterment of society. In some cases, this is about making up for the “harm” done by the wealth…
Research has shown that 60 per cent of failed intergenerational family wealth transition are due to problems with trust or communication. Communication isn’t important in families. It is everything. If a family cannot communicate, it cannot function as a group. It’s that simple. What does poor communication look like? An absence or lack of communication (e.g. “it’s none of their business”, “they don’t need to know”, “we know what is best for them”) is patronising, infantilising,…
Wealthy people are a soft target at the best of times. The media revels in sensational stories about wealthy families, especially when things go wrong. And if that wasn’t enough, neo-socialists in the US preach redistribution and question whether the world should have billionaires. The emerging “wealth minimisation” movement encourages inheritors to redistribute “excess wealth” for the betterment of society. In some cases, this is about making up for the “harm” done by the wealth…
Research has shown that 60 per cent of failed intergenerational family wealth transition are due to problems with trust or communication. Communication isn’t important in families. It is everything. If a family cannot communicate, it cannot function as a group. It’s that simple. What does poor communication look like? An absence or lack of communication (e.g. “it’s none of their business”, “they don’t need to know”, “we know what is best for them”) is patronising, infantilising,…
I’ve always had a soft spot for Matthew Stafford. The guy has a huge arm, and can make pretty-much any throw, and there he was stuck at the Lions teasing us. From time to time, they would support him with a deep threat and something of a rushing attack, but they were not able to put all the pieces together. So the swapsie deal that brought him to the Rams seemed like the ultimate test…
Wealthy people are a soft target at the best of times. The media revels in sensational stories about wealthy families, especially when things go wrong. And if that wasn’t enough, neo-socialists in the US preach redistribution and question whether the world should have billionaires. The emerging “wealth minimisation” movement encourages inheritors to redistribute “excess wealth” for the betterment of society. In some cases, this is about making up for the “harm” done by the wealth…
The lockdowns of varying degrees currently being experienced in Melbourne and Sydney highlight the deep fissures and inequalities prevalent in large cities. Rather than a tale of two cities, it’s a tale of two halves within each city. While these generalisations are very broad, they are indicative of a number of factors that start with the socioeconomic status (SES) variation across different suburbs within the city. This is not a simple case of rich vs…
Management guru Peter Drucker gave us “what gets measured gets managed” (for better or worse). Governments bombard us daily with COVID-related statistics, but many of them are measuring the wrong things. The most common statistic is “new cases per day”, but that has serious deficiencies. Firstly, it’s quoted as an absolute number, rather than as a proportion of the population. So in the early days of COVID, the US had huge daily numbers, but as a country…
(Disclaimers: I’m politically aligned to the right, live in Melbourne, and the current outbreaks are far from over) COVID has become highly politicised; we might more accurately say it has brought out the worst of our political partisanship. The national cabinet is a fractured mix of a Liberal Prime Minister and mostly Labor State Premiers. The state response has followed a pattern along political lines, with Labor Premiers favouring lockdowns, and Gladys in NSW playing…
Research has shown that 60 per cent of failed intergenerational family wealth transition are due to problems with trust or communication. Communication isn’t important in families. It is everything. If a family cannot communicate, it cannot function as a group. It’s that simple. What does poor communication look like? An absence or lack of communication (e.g. “it’s none of their business”, “they don’t need to know”, “we know what is best for them”) is patronising, infantilising,…
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