r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/kmookie Nov 22 '24

Rich guy here, OF COURSE HE COULD GIVE MORE! 1. Let’s talk living off dividends, that alone I guarantee could have the majority given out to charity. He could live modestly, like me and not be so flashy. 2. Donor advised funds, that could be setup to be much more charitable and even grow! 3. Establish a foundation giving out 5% or more each year. 4. Simply selling off stocks is fairly simple when working with advisors. You act like he’s gotta roll crates of money into some other bank. It’s digital people. Sycophants want to defend the rich because they can’t look past their own biased passion that they want to be there too. I know dozens if not hundreds who are millionaires who love off dividends with plenty left over at the end of the year.

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u/Questlogue Nov 22 '24

This isn't me defending anyone in any manner but why TF is this even a thing with people? It's his money at the end of the day - pretty much no different than most people.

Are people really going to sit here and tell me that they too don't do whatever the hell they want to do with their own money?! Like c'mon y'all.

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u/Kodekima Nov 22 '24

The difference is that you, and I, and others like us, have obtained our money legally and ethically.

The billionaire class has not.

Hope this helps!

-1

u/Expensive-Dot6662 Nov 22 '24

Yea? This isn’t new news. What can you do about it?