I don't see any reason why you can't do both? Then the problem becomes one of how to "promote generational wealth transfer" while "keeping people health and living longer". I don't buy the whole "you need to work yourself to death in order to get ahead" stuff.
Also, no need to make your children "rich". Just make sure they have things quantitatively better than you had. Just having a home for their children to subsequently live in without worry is definitely attainable for most people if they don't do anything stupid.
I was trying to imply “live forever” without saying it since that results in a bunch of ignorant responses (not yours). If you don’t die — which should be the end goal, no? — how do you leave a sufficient amount to your kids while keeping enough to live well yourself? If you never move into a nursing home — because you are as healthy at 65 as you were at 25 — then how do they stay in your house?
I’m against burdening our young people with debt, for sure, but I don’t see generational wealth as a long term solution to that either.
