I’m not saving ninety percent of my income for myself

Re:I’m not saving ninety percent of my income for myself by temp129038 on Saturday June 08, 2019 @04:05PM (#20134789)

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.

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Re:I’m not saving ninety percent of my income for myself by mynameishere on Saturday June 08, 2019 @06:15PM (#20135538)

A group declares themselves a charity, gets a foolish government to go along with it, and suddenly they deserve, for free, the money that other people worked for? Okay...

Believe it or not, some people see through this rather obvious scam.

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Re:I’m not saving ninety percent of my income for myself by OsTaBLer on Sunday June 09, 2019 @03:50PM (#20141462)

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.

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