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What Do You Do With Large Amounts Of Money? (lemm.ee)

submitted 1 year ago by [email protected] to c/[email protected]

141 comments fedilink hide all child comments

Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[–] [email protected] 0 points 1 year ago (1 children)

If you have any decency, get rid of most of it, preferably to charities or political causes.

That sort of wealth in the hands of a single person is obscene, and spending it on luxury when there are people starving and homeless in the world is the height of immorality.

[–] [email protected] 0 points 1 year ago (2 children)

Charity exists so that rich people can pretend to help, but also get to be a petty tyrant. Charity is scam.

[–] [email protected] 2 points 1 year ago

My partner worked in non-profits for years. Her advice is find local organizations (homeless shelters, local LGBT orgs, neighborhood revitalization orgs, ect.) that DO NOT have a national (central) office. Get to know their staff, their mission, and then make pledges to pay $X per month for the next X years. This is how they can best do the work they are passionate about to help people in need. Don't put strings on the money and you are moving closer to mutual aid than tyranny.

[–] [email protected] 1 points 1 year ago

Well, you've got to get rid of it some way, and while charity might systematically be a problem there are plenty that do genuine good.