Is “Charity” Hurting The Economy?

July 14th 2018 – By: William Larsen – Civilians News – “News For All Views” – Is, “Charity,” Hurting The Economy? –

Although perhaps seemingly rude, it’s a fair question.

Is, “charity,” hurting the economy?

And specifically…. what is, “social responsibility?”

Because I find that most Americans, choose 1 of 2 philosophies, concerning money and personal finance, in America today.

On one hand, I think that most Americans adopt the following mindset…… “I have a personal relationship with my finances and what is mine, is mine alone. Furthermore; all investments, funds, incomes and finances, are solely an individual conquest, combined with a belief system……”

In God We Trust.

I tie that philosophy into religion, because I find that MOST AMERICANS adopt this philosophy and tend to believe that their bank accounts, essentially represent their religious beliefs (or lack thereof), quite literally……..

To be clear, I find that most Americans adopt this philosophy, and tend to believe that their way of life, tied to religion and individuality, is reflected in their personal finances. More specifically, I find that people who adopt this philosophy, regarding money, also typically believe that other people who develop similar spirituality, are going to come about money, as well. For this reason, I also believe that these types of people, often don’t believe in social responsibility, nor charity, under the premise that these things actually HURT the economy……

And then there’s another way of looking at it, through an entirely different lens……

On the other hand, the way that….. I PERSONALLY PERCEIVE MONEY….. is that people are serving you; dinner at restaurants, your electricity, butchering your meat and educating your children….. and for that reason, we all have a certain, “social responsibility,” to acknowledge the economy as a whole….. Also, I find this particularly true for those in positions of power, who make in excess of 10’s and 100’s of millions of dollars, in today’s day and age.

Furthermore, along that line of thinking, charity is not charity at all. In this mindset, charity becomes a, “social responsibility,” that the wealthy have to the poor, in terms of hiring and maintaining a fair amount of workers, but also spreading wealth. Under this premise, I believe that everyone rich and poor, has an innate responsibility to think of the economy, in terms of, “social responsibility.”

However, these 2 philosophies are very different…….. especially when running a business.

Now, I work at Rockefeller Plaza… and I can’t over-emphasize, just how much these 2 philosophies, impact people’s daily lives………

Because it’s not easy…….. it’s fair to believe in either philosophy and in fact, those who adopt the foremost philosophy, tend to be more successful.

This is particularly true because in today’s, “internet age,” hiring large numbers of employees, is often times un-necessary. As the PROUD owner of an Artificial Intelligence startup myself, (*, I can attest that from my own personal experiences, I could run a fairly large tech firm, with very little human resources…….. In fact, I would estimate that a really good tech guru, could run a major tech company, like my Artificial Intelligence startup, with 5 – 25 really good employees.

And it’s honestly scary……. because we’re living in an era of automation, where most businesses don’t need as many employees, as before……… Furthermore, our economy tends to reward businesses, who might take a somewhat benevolent approach, towards social responsibility, in terms of job creation and pay structures/wealth distribution.

In other words, I believe that our society is rewarding out-dated business practices, which are often times elitist.

Furthermore, it’s troubling to me, because recent marijuana and gambling legislation, is creating further leverage for the afore-mentioned elitists.

So which is it?

Which philosophy ought a person to adopt, regarding money, in 2018? Especially in terms of, “personal finance,” and building a private enterprise….

Should we shun charity….. and view money as strictly an individual endeavor? And what if that means hiring only 25 employees, at a billion dollar tech firm?

Or should we bite the bullet and help those in need? What if that means helping those who don’t always help themselves? Should we view money as a spiritual conquest? Or view money as a society? Because we’re currently rewarding the less charitable philosophy and quite honestly, I don’t even know how to feel about the concept of, “charity,” anymore.

GoFundMe, the for profit, charitable donations website, is currently valued at 600m dollars…… with a business model focused on collecting .30 cents per charitable donation.

Furthermore, if there was 1 change that I’d like to see, in terms of philosophical discourse, during my generation, it would be to have this very conversation……… A conversation which I find particularly important during an era where everyone seems to be an; IG model, rapper, or self help coach. So, in conclusion, with heated debates concerning welfare reform on the horizon, maybe now is a good time to talk about how we reward socially relevant, business practices….

-William Larsen, Civilians News