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The Trader Who Donates Half His Pay

nytimes.com

191–193 of 193 posts

Re: The Trader Who Donates Half His Pay

#191

Earlier quoted context omitted.

> We all almost do through taxes. He goes further and donates 50% more from the remaining money. This is an odd argument. Are you saying that paying taxes is some form of altruism? The story is about a guy who donates money with no tangible benefit to himself. We all get benefits and services from the government. It debatable whether the value we receive is equal to the amount we pay in taxes, but the value is certai…

US entitlement spending is about 66% of the federal budget. Unless you're on disability, medicare, social security, or some other entitlement program that's money you're receiving no direct benefits from.

Exactly what I meant. I'm not saying there isn't any nobleness in his actions. Merely pointing out that we are all giving half or close to half the money we are producing and most of which we receive no benefit from.

Re: The Trader Who Donates Half His Pay

#192
I know about one well known tech executive who donates about half his income every year, and increases that percentage by 1% each year (he's been doing this for a few decades, since before he "made it.") Granted, not everyone is in the position to do this, but the point is that there are people who have managed to keep a serious long term commitment to philanthropy, but whose efforts are (probably intentionally), not so well known.

Re: The Trader Who Donates Half His Pay

#193
post #115

How many here are pursuing a similar goal? Donating 5%, 10%, even 50% of their pre-tax income? I love the effective altruist movement - it's pretty much what I spend most of my time thinking and reading about - but this is a very touchy subject to discuss casually so I've never met people in real life (or in my industry) who are also into this. My own goal is to give about 50% of lifetime earnings, though with the fl…

That's great! (I'm guessing I probably know you, but can't tell who you are). I'm hoping to donate >50% too; I've been donating about 10% but I've been on a low salary; next year I'll be able to do 50% I think.

Not sure if you'll see this, but this thread inspired me to send an email to 80K, which I've known about for a while. I'm planning to become a 50+% donator in the next couple of years.
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