FEATURED Should Rich People Give Money To Their Relatives When They Ask?

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Swabbie said:
For real. Never gotta worry about the bottom falling out.

It's a bit off topic but one I hated hearing was mfers talk about how they won't give their kids money or room after a certain age because they have to learn to swim on their own. Like, when the fuck did the world get that simple? I wish tf I would let this world swallow my kid up like that. They will forever have a place to stay if they need it. If I didn't raise them well enough to want to do for themselves that's on me anyway.
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I agree with you to a point. Some kids need a push. Lord knows I needed a push when i was a kid and it was one of the best things my mother did.

Of course she wouldn’t have left me out in the cold, but she told me at the end of my junior year in high school that I needed to figure stuff out because I wasn’t taking school serious. That talk pushed me
 
AZTG said:
I would like to think that if I was not only billionaire but also still making millions of dollars a year, I would take care of all my family.

That said, no one likes to be taken advantage of. For me, I hate that shit. Do what you want, but never make me feel like im a sucker. No coming back from that.

This aint to defend Jay or rich people cause fuck rich people.

Its just very human to not want to feel like mfers are taking advantage of you or not being their genuine selves with you cause they want something. Especially if thats family.
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Yea i understand this, but at the same time i think back to shit in my family. By this age you already know the chronic beggars, that hound the people doing pretty good for money and how to deal with them. And this is coming from me seeing upper middle class people in my fam being annoyed at certain family shit. Sometimes they straight up go off and tell them no and these people know not to ask again, or they just throw them the few dollars, cuz they'd rather just give them the lil bit money to avoid the headache.

But we talking about Jay-Z,. He has a team that will put out press releases on how great he is, how successful he is. You think his fam dont see this? He literally has a single watch that cost almost 8 mill and just this year bought the most expensive home ever in Cali for 200mill. I dont wanna hear no fucking complaints about fam asking him for money, you take the bad with the good. Whatever they asking for is a drop in the bucket to what he already spends and he wont even notice it.

I mean where else they gunna ask him? I'm sure they dont have his number. And if he dont like them that much, just show up to shit with the people you do like.
 
Jay had money for a really long time

Being asked for money for probably 30 years would be annoying

Let’s say he could’ve given money out in 1999 and then been asked again in 2010. Is the family member going to be upset if he said no in 2017? Probably

Or there’s just a scenario where he just doesn’t want to. Is he supposed to be pressured to do it anyways just because he’s rich and because he is your family member?
 
The Lonious Monk said:
Yesterday, I was just thinking about how I want to get to the point where I can give away 90% of my annual income and still be living good, so I'm definitely not sympathetic to rich misers.

That said, I don't see anything wrong with what Jay said. I do believe that if you have a lot of money, you should be generous with it. That said, I also believe people should give on their own terms. They shouldn't have to feel constantly pressured by people to give to them. If I was in his position, I probably wouldn't even bother going to family events.

People talking about "If I was a billionaire, my family would be rich too." Really, so if you were a billionaire, you'd be ok with your third cousin twice removed that didn't even like your line of the family when you were coming up always hitting you up for money every time there was a family event?
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Lol it’s not even going to get to that point I done already gave his mama the money his side gets and if he fucked it up that’s on him. I’m not saying let folks bleed you but shit
 
SeaSnake said:
Lol it’s not even going to get to that point I done already gave his mama the money his side gets and if he fucked it up that’s on him. I’m not saying let folks bleed you but shit
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But the bold is what's being discussed. Jay wasn't saying that he hasn't or didn't want to give family money. He was saying that he wanted to be able to enjoy family events without people acting like the money man has come to town.
 
AP2.5 said:
Empowering people >>>>enabling them

I can give someone money to help a vision come to fruition but I'm not giving someone money as a handout that leads to an expectation of them getting this from me all the time.
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This is what I saw was lost in the comments about this on that Twitter thread. You had folks saying if they were rich they'd just hand out money without question which sounds nice, but eventually you gonna run out of money doing that and you also set yourself up to be a mark.

There's a fine line between enabling people to be beggars and giving people a head start in something. And also the discussion about how we as a society see rich people as less than human and less deserving of certain normal human things or expressing normal annoyances because "They're rich so just deal with" when that's not how humanity works.
 
It’s a lot of woulda coulda shoulda or if I had it in here.

Who has the income to understand both sides?

Who in here came up and watched people change which caused you to change to protect yourself?

Who in here dealt with overnight get rich ideas being pushed to them at hospital visits or at weddings of friends?

I think most of y’all are wishfully thinking you would do the right thing. Be generous.
I ask, are you doing the right things now, without money or with your current income?

Personally, I hate what money does to people all up and down the spectrum. The entitlement. Why can’t a person say no and not be judged?

Does a woman owe you pussy after a few dates?
Does a job owe you loyalty after 15yrs?
Must a child work to retire their parent?

Cmon, stop it
 
And I’m not
The Lonious Monk said:
But the bold is what's being discussed. Jay wasn't saying that he hasn't or didn't want to give family money. He was saying that he wanted to be able to enjoy family events without people acting like the money man has come to town.
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But he is the money man. And has been for decades. I really do get it because it’s annoying as hell. But it’s not like they can just see him as cousin Shawn.
 
At this point in my life, I look at it like this:

Powerball is just over a billion as of today, $1.2B to be exact. Cash out on it is $551.7M. Let's say I win it Wednesday. I'mma take the cash out option and after taxes (Fed and Michigan) I'm sittin on $323.7M.

With that much money, this is how I'mma handle my family:

Obviously, moms gets more than everyone. $5M-$10M, I'm not 100% sure where it's gonna fall.
My step parents, past and present, each see $1M.
My kids will get $2M-$5M each. Not sure about this one either.
Grandbabies (there's two so far) getting $2M in a trust fund.
I'm handing each of my siblings $2M.
My nieces and nephews get $1M
My aunts gettin $1M
My cousins, and its a whole lot of them muhfuckas, they get either $500k or $750K, I'm undecided.
My cousins' kids... I'mma drop about $100k on 'em... maybe a lil more. Mostly in trust funds 'cause the majority of them are still under 18.
That's as far as I'mma go. And this is purely for the family I know. I got cousins all over the fuckin place that I've never met. We family, but I don't know none of them so they don't get the same treatment as the family I grew up with.

I don't wanna hear SHIT after this. I don't wanna hear about nothing "fool proof", no investments, no nothing. When we at the cookout, let's just kick it and eat. I don't wanna hear no money talk. If you're stupid and blow it, that's 100% on you, don't come bringing ya ass on over thisaway singing sad songs and shit.

With the size of my family, I should still be left sittin' on over $200M, waaaaaay more than enough to retire on and live out my days chillin', doing whatever the fuck I wanna do.

That's just what I would do with $323M. Jay, with his billion or so, could easily hand everyone a check like this and be like "do what you gonna do with this, but don't ask for anything else when it's gone". Then point them to a financial planner as a suggestion on how to manage whatever he gave them.
 
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Nobody said:
Jay don't strike me as the type that goes back home for family events or the type that invites family to events he hosts
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This is facts. Those days ended years ago. This seems like exaggerated elite first world problems to me. He not showing up to a family reunion at some park. For argument sake lets just say his mom gets him to show up for some shit, he's not staying the whole event. He's gunna breeze through, say hi, take a few quick pics and leave like its a rapper doing a club appearance. I refuse to believe extended fam has access to him like that to even get in his ear to beg for money.

We got famus people with money that cant get access to him like that, but broke relatives can somehow do it?
 
I get it

I had a childhood friend that actually made it to the NBA.

He came back to the old neighborhood to kick it and he was just a regular nigga to me. I mean I thought it was cool I knew someone who made it to the league but I never treated him differently but ofc there were the friends that kept trying to get tickets to games from him.

I just felt like if he wanted a nigga to come, he would've offered tickets and I kept it moving when he didn't.

He was still the homie. Idk if those dudes ever asked him for money but I sure as hell didn't.
 
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