From the New York Times, “Why You Should Tell Your Children How Much You Make”:
When Scott Parker wanted his six offspring to know more about the value of money, he decided to do something that many parents would consider radical: show them exactly what he earned.
One day, he stopped by his local Wells Fargo branch in Encinitas, Calif., and asked to withdraw his entire monthly salary in cash. In singles. It took 24 hours for the tellers to round up that many bills, so he returned the next day and took away the $100 stacks in a canvas bag.
His oldest son, Daniel, who was 15 at the time, remembers the moment his father walked into the house and dumped the $10,000 or so on a table. “It looked like he had robbed a bank,” he said.
Parker was trying to teach his kids a lesson about the value of money. But the lesson I would learn from this is “If somebody, like a bank teller, works in a service job, and makes a lot less money than I do, I can make them spend a full day of their life carrying out an incredibly tedious task without thinking about whether this is a reasonable way for them to spend their time.”