Question
Warren Buffett's belief about inheritance tax significantly impacted his relationship with the business world. He advocated for an increase in inheritance tax, a stance that was not popular among many in the business community. He referred to the inheritance of wealth as the "Ovarian Lottery," arguing that children should not automatically inherit their family's wealth. This belief not only alienated many in the business world but also caused divisions within his own family.
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If Buffett cared about his outer scorecard, he would have realized many losses. His belief that inheritance tax should be increased, ruffled many feathers. Calling it the "Ovarian Lottery," he didn't believe that children should automatically win their family's wealth. Not only did he alienate the business world with this campaign, but he divided his family, applying the same principle to his own children and siblings. He shunned his adopted granddaughter in a letter saying that he had "not legally or emotionally adopted" her as a grandchild.
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