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Business & incomeExperience excerpt · English

I think that a lot of people with money need to be reminded that having wealth is a social …

I think that a lot of people with money need to be reminded that having wealth is a social responsibility in itself. If you can live just from passive income maybe you should just gift interesting people the excess money and have them accomplish their goals. Talk to a bunch of people and realize what you want to support. If some of them need 10k to start a business just give it to them. Or, if you want some equity, put it in a non-profit that reinvest its earnings. Go to a film school, organize a contest and fund the movie of the most promising students. I was never rich like the author, yet I once gave a bookbinder that I had hired to make a cool leather-bound book the starting capital he needed to make his own shop just because it turned out so well and he was so passionate about it. Looking back, it still feels great to have helped someone like this. Humans need activities that produce meaningful outcomes, they don't need careers or work.

Original discussionI am rich and have no idea what to do1,628 source comments · at import
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HO

To me, the above paragraph reads like: "Having wealth makes you responsible to others, therefore you should do arson." If you manage to help make a powerful machine and then convert some piece of it into liquid value, you are probably good at stuff and whatever responsibility you have to others includes using that alongside the liquid value. And worse, it's not just on you to do what people say they want. You're also actually responsible for trying to figure out what they would find most valuable. ("If I had asked people what they wanted, they would have said faster horses.”)

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GE

Really beautifully said. Wealth does indeed carry the responsibility of giving back to your community the same way the community gave to you to gain the wealth to begin with. Bettering your community not only benefits the receiver but also, I strongly believe, one’s own conscious and sense of belonging to said community.

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TE

> Humans need activities that produce meaningful outcomes, they don't need careers or work. Human needs purpose in life, does not matter whether it activities for meaningful outcomes, careers, work, family or God, it's in our very nature. The blog post appeared to me of someone who have achieved mostly what they have aspired to become (rich and freedom from jobs) and at their top apex from their own perspective, however the main dilemma is that after achieving the goals still something important is missing i.e. purpose.

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GI

Honestly for some people, just getting debt paid off might be enough of a life changer, in some cases the debt isn't substantial but the income / debt ratio is just not in the best spot. Heck having one or more less bills to worry about could be a tide changer with immense impact. I know if I could worry less about my mortgage even for a few months, it would have major impacts on my family's life. I cannot imagine others on similar situations, or with way more debt but the income isn't enough.

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RO

> having wealth is a social responsibility in itself Warren Buffet has said that every dollar he owns is an IOU that he owes to society - somebody worked hard, produced value, he is in custody of it for the time being, but it has to be paid back by him.

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SH

> having wealth is a social responsibility in itself We even have a word for this, noblesse oblige . It used to refer to the aristocracy, but I don't see much difference between the aristocracy of old and the moneyed classes of today.

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FS

> need to be reminded that having wealth is a social responsibility in itself read up on the "is-ought problem": from whatever is, you cannot get an ought nor a should. You simply have to adopt them as beliefs, just like belief in a diety (though some might argue that's an "is" :) and others may not share your beliefs, nor... should... they

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KE

No. He wanted to help DOGE dismantle the US government. People like that should just blow their money on themselves and the people they like and leave the rest of us alone.

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