Is “Charity” Hurting The Economy?

July 14th 2018 – By: William Larsen – Civilians News – “News For All Views”

– Is “Charity” Hurting The Economy? –

It might seem rude, but 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 believe 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 in my personal experience…. MANY AMERICANS adopt this philosophy and tend to believe that their bank accounts, essentially represent their religious beliefs (or lack thereof), quite literally……..

Furthermore, I find that the people who prescribe to this philosophy, also 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 follow this philosophy, regarding money, typically tend to believe that everyone who develops similar spirituality, is going to have money. For this reason, I also find that these types of people, often do not 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 that we all have a certain, “social responsibility,” to acknowledge the economy as bigger than us….. 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 if your running a business.

Now, I work at Rockefeller Plaza, built by the Rockefeller family….  and I can’t emphasize enough how not even talking about these 2 differing philosophies, impacts people on a daily basis……….

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 an un-necessary protocal. 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 honestly, it’s 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, that often times take a somewhat benevolent approach to social responsibility, in terms of job creation and pay structures/wealth distribution.

Basically, we’re rewarding out-dated business practices, which are often times elitist.

Furthermore, it’s troubling to me, because recent marijuana and gambling legalization, is creating leverage, for those elitists.

So which is it?

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

SHOULD we shun charity….. and view money as an individual endeavor? (*Even if that means only hiring 25 employees at a billion dollar tech company….)

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 in a societal fashion? 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……… (*Especially in 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 rewarding business…..

-William Larsen, Civilians News