this post was submitted on 09 Oct 2025
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You don't want to give it all away, even in death, that's a fail. Now the rich man has no money to grow, nothing left to give in the future. That's why smart money sets up endowments. The principle earns interest, the interest pays for whatever charity or cause in perpetuity.
There's an Indian proverb about a rich man who travels the country giving 100 rupees to every beggar he sees. Eventually he has no more money and becomes a beggar himself. In the end, he made no impact on the world and now has no more opportunity to do so.