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Donation vs. Investment

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Donation vs. Investment
« on: May 07, 2016, 01:49:24 AM »
 

Galen Ross

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Assuming that everyone agrees that charity is a good thing, imagine this scenario: You have $1000 of extra money. You can either donate that money to charity and help someone who is less fortunate that you are, or you can invest that in your business, so that you can donate more next time.

I usually find myself choosing the latter. Of course, if I had an extra $2000 the next time, should I choose to reinvest that again? Maybe I should donate a little bit of money this time?

My questions are this: When should one donate their money, and when should they invest it for the purpose of earning more money to donate next time? Is always donating a portion of your money, regardless of investment potential, the solution? If so, how would you decide what the best proportion is?

I look forward to hearing your responses!
"I prefer dangerous freedom over peaceful slavery." - Thomas Jefferson
 

Re: Donation vs. Investment
« Reply #1 on: May 07, 2016, 12:02:39 PM »
 

Magnaniman

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I think one of the traps that libertarian thinkers fall into is the modern assumption that businesses should always be growing and advancing.  This question seems to be built upon the premise that your business will always benefit by investing more in it.  Most businesses, in my opinion, serve their purpose best when they are small and are able to cater to the specific needs of a few people than trying to mass produce one-size-fits-all products for as many people as possible.  Constant growth ends up necessitating massive amounts of waste and other inefficiencies, such as the disposable products that are so commonplace now.  When businesses grow too large, it becomes increasingly more difficult for them to adapt to changes in the market, too.

I also think that you are underestimating the value of donations as an investment in your community.  By helping people around you when you are doing well, you are improving your situation in other ways, which may or may not be able to be measured in dollars.

I would rephrase your question to this:  "When should I shift the primary focus of my investments from myself to other people?"

To that, I would answer, "When you are happy with your situation and you're ready to share."  If you're someone for whom that point never comes, people will probably dislike you and resent you, which, ironically, will probably result in circumstances that will detrimentally affect your situation.
 

Re: Donation vs. Investment
« Reply #2 on: May 09, 2016, 06:21:19 PM »
 

AndrewG

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Hang on.... I'm still imagining the part where I have an extra grand laying around... There, all done.

I have a small business, and in all honestly I have no interest in growing it. The size I am now allows me to fly low under the radar, and provides me with enough to live off of comfortably. It does NOT however provide me with any sort of retirement/ health insurance/ rainy day money. I'll worry about that when I get old/ sick/ or it rains.

My donations are always small things that I hope make a difference in the peoples lives I choose to give to. Since growing my business would foster in me to the compulsion to more for others, isn't that in and of itself a form of socialism? The more of this I type I realize I really am just a simpleton. I want no part of the grand scheme of things. Just to live out quietly whatever years I have left without THE MAN fucking with me.
Malo Periculosam Libertatem Quam Quietum Servitium
 

Donation vs Investment
« Reply #3 on: December 15, 2016, 04:59:11 AM »
 

Randalllseept

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I just sent a realy hefty donation to the red cross, but I applaud and support what you are doing.