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Philanthropy, is it really that good?

Philanthropy, is it really that good?

(5:15) The best way to do good in the world is not to be a philanthropist, but to be a good capitalist.

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Guest: Craig S. (1211 days ago)

What a simplistic, myopic, ignorant view of capitalism. Consider one thing: one billionaire giving 10% of his money to charity is better than 100,000 people worth $10,000 giving 10% of their money to charity. That's because you will never get 10,000 people to do it! Should and could don't matter here. Most people spend everything they get on themselves.

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What a simplistic, myopic, ignorant view of capitalism. Consider one thing: one billionaire giving 10% of his money to charity is better than 100,000 people worth $10,000 giving 10% of their money to charity. That's because you will never get 10,000 people to do it! Should and could don't matter here. Most people spend everything they get on themselves.

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Guest: ken3 (1211 days ago)

Exactly!

Ther should be only One megasuperduper rich. That way this person can contribute (which he will, ofc) more than filthy peasants.

People like u are the cancer of earth and should be treated like such.

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Original comment

Exactly!

Ther should be only One megasuperduper rich. That way this person can contribute (which he will, ofc) more than filthy peasants.

People like u are the cancer of earth and should be treated like such.

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Guest: Matt.L (1210 days ago)

It's hard for the low earners to donate when the bulk of the wealth goes to the rich. This video is a what if. No one can really tell you that distributing wealth will result in a more charitable culture resulting in more donations. But I believe 2 things: distributed wealth would mean there would be less need for charity and more wealth for the low earners would mean they don't spead all their money on themselves via cost of living...

Original comment

It's hard for the low earners to donate when the bulk of the wealth goes to the rich. This video is a what if. No one can really tell you that distributing wealth will result in a more charitable culture resulting in more donations. But I believe 2 things: distributed wealth would mean there would be less need for charity and more wealth for the low earners would mean they don't spead all their money on themselves via cost of living...

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Guest: Craig S. (1209 days ago)
Latest comment:

Fortunately, we are not judged by how much we give, but by how much we give relative to what we have. A rich person, and a poor person giving generously, even through the amounts and percentages may be different, are both to be praised. The amount of money you have is not the issue, it is what you do with it

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Fortunately, we are not judged by how much we give, but by how much we give relative to what we have. A rich person, and a poor person giving generously, even through the amounts and percentages may be different, are both to be praised. The amount of money you have is not the issue, it is what you do with it

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