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Wealth, Inheritance, and the $40 Trillion Tsunami | David York | TEDxSaltLakeCity

YouTube video of the presentation here: https://www.youtube.com/watch?v=v_qN4JcVCQ4
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on 18 July 2016

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Transcript of Wealth, Inheritance, and the $40 Trillion Tsunami | David York | TEDxSaltLakeCity

Andrux - Own work (attribute Nobel image)
https://commons.wikimedia.org/wiki/File:Nobel_prize_for_J.Rothman._Sthlm2013.JPG
Jericho - Own work ($ image)
https://commons.wikimedia.org/wiki/File:Nobel_prize_for_J.Rothman._Sthlm2013.JPG
biltmore estate: https://commons.wikimedia.org/wiki/File:Biltmore_Estate.jpg
http://allaboutstevejobs.com/pics/picturesofsteve/picturesofsteve_01.php
https://www.flickr.com/photos/acaben/541326656
need to credit "revolutionary" steve jobs pic (all over the interwebs)
What is your
net worth
?
What do you plan on leaving as an
inheritance
?
"The Merchant of Death is Dead"
Two Fundamental Assumptions
A person’s wealth can be summarized on a balance sheet.
If transferring some financial wealth is good than transferring more is better.
Wealth
Experiences • Skills & Abilities • Knowledge • Narrative Wisdom
$177,000
$185,000,000,000
?
$177K
$40,000,000,000,000
216
X
picture: https://commons.wikimedia.org/wiki/File:Tunnel_de_Vierzy_entr%C3%A9e_nord-est.jpg
A person’s wealth
cannot simply
be summarized on a balance sheet.

Just because transferring some financial wealth is good
does not mean
that transferring more
is better.
Wealth
Benefit
Wealth
Benefit
Wealth
Benefit
What is your
net worth
?
What do you plan on leaving as an
inheritance
?
Full transcript