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--- inequality_of_wealth [2024/04/13 21:04] – [What should I be doing to help fix this] fuldadmin
+++ inequality_of_wealth [2024/05/23 09:31] (current) – [What should I be doing to help fix this] fuldadmin
@@ Line 19: / Line 19: @@
 The minimum should be at least two times the extreme poverty limit. Probably more is more fair.
-If the wealthiest 50% of the population would fund this from their own pockets, it wouldn't cost them more than the price of a coffee per day.
+If the wealthiest 50% of the population would fund this from their own pockets, it wouldn't cost them no more than the price of a coffee per day.
 ===== What is a reasonable maximum of wealth =====
@@ Line 42: / Line 42: @@
 ===== What should I be doing to help fix this =====
 Even though I'm not anywhere near any of the limits set above, I can still make money move in the right direction. By consulting for people wealthier than myself, and hiring people less wealthy than myself on a fair wage, I would already be doing that. As long as my business doesn't involve exploiting the poor, I'm very likely to contribute to a fairer world.
+When I have excess money (money that I can afford to lose) I can choose to donate it instead of spending it on something I don't need. From personal experience I found that this is a harder choice. For example, I'm saving for my pension and the kids education funding (I don't trust the government with that anymore, unfortunately). When I protect future privileges, while right now there are actual human beings dying of poverty, that seems incredibly selfish. However, when I lived rather far under my means, my happiness dropped and also my earning potential dropped. Nobody will be helped if I ruin myself, so I needed to set some boundaries of self preservation. I decided to live like I have a modal income (that's around 40k€/y before taxes in my area) put 10% of my earnings towards charitable goals (that's between 5-20k/y) and save up the rest for future financial safety. This feels balanced to me, and I decided that it's up to anyone to figure out which balance works for them. Als long as you don't own more than 75M or spend more than 750k/y on your ego. If you do that, your behavior is evil, according to my calculations. But at that point it should be very easy to stop and start behaving like a good person. For those that don't, we need laws.