Readit News logoReadit News
OsTaBLer commented on I’m not saving ninety percent of my income for myself   thecut.com/2019/06/how-im... · Posted by u/mooreds
temp129038 · 6 years ago
I just went to a talk by a software engineer in SF who was talking about effective altruism and how he personally donates 33% of this income to charity every year...

The one thing about personal finance blogs that consistently bother me is that they always feel incredibly selfish. How much do they donate to charity every year? Given the attitude of scrimping every penny I’m guessing very little to none.

OsTaBLer · 6 years ago
Under capitalism, there are clearly no incentives to donate to anything. Maybe to tragedy of the commons kind of things like global warming, but even then you know that most of what you give ends up in NGO executives compensation and other employees payroll. Donating is only doable at Warren Buffet / Bill Gates levels of wealth.
OsTaBLer commented on I’m not saving ninety percent of my income for myself   thecut.com/2019/06/how-im... · Posted by u/mooreds
Reedx · 6 years ago
One of the problems with this strategy is that it ends up becoming a burden to your family and others (who sacrificed to save for a rainy day). And it may happen sooner than you think.

> I’m keenly aware that I’ll be left penniless once I can no longer work, but I have a plan for that.

What's the plan?

OsTaBLer · 6 years ago
I too really want to know. I'm guessing living off the state? I know that's the case for most people I know, but pensions are all managed by the state where I live so you don't really a choice. You get a baseline poverty level income even if you never paid taxes.

u/OsTaBLer

KarmaCake day1June 9, 2019View Original