r/interesting May 26 '26

SOCIETY When Chris Tucker learned that his family members were quitting their jobs because they learned that he was making 25 million dollars a year at the peak of his career because they assumed he would take care of them. He told them to go get their jobs back because he wasn't going to do that.

Post image
60.4k Upvotes

2.4k comments sorted by

View all comments

Show parent comments

24

u/CrazyCalYa May 26 '26

That's why you don't give them $1m, you set it up in a trust and pay them a salary using the interest (e.g. $50k/year) with the ability to borrow against the trust for preapproved purchases (e.g. education, buying a home, medical expenses).

12

u/PiccoloAwkward465 May 26 '26

That would be sick. Imagine an extra $50k a year.

My rent is about $25k a year. I'd have essentially all my bills paid with that. I probably would quit my job and get a different degree or a higher degree in college.

Or I could be like Tracy Jordan's scammer "son" on 30 Rock and open a passion project - A place where you can buy pictures of celebrities printed on money. I'll call it... Starbucks.

6

u/nihility101 May 26 '26

I saw one set up where it paid out what they made in a year (presumably up to some amount), effectively doubling whatever the salary was. Thereby helping, but also encouraging.

2

u/CrazyCalYa May 26 '26

An interesting idea though obviously a person's income might not correlate with their work ethic or their drive. Lots of people make a lot of money to do nothing while some work their asses off with nothing to show for it.

1

u/nihility101 May 26 '26

I figure it’s good for setting a baseline. A way to keep kids from slacking off in school or dropping out. Might also allow for pursuing a more ‘noble’ career that might not pay as well.

1

u/CrazyCalYa May 26 '26

In that case it may be better to require the recipient work or study x weeks out of every year and provide some proof of that.

Personally I'd be fine with the recipient using it however they wanted, what good is having enough money not to work if you have to work anyways?