Topic: How would you prepare to share massive wealth? (Read 619 times)

I hope that you know what this would lead to.
You'd give the money to people who are unable to make use of it. I don't want to generalize but many homeless people are there because they want it. They made their own beds by being drunkards, wife beaters, drug addicts, former convicts unable to find a job, immigrants who couldn't adapt.
You'd be better off giving the money to the hospitals or people in serious condition who can't afford treatment.

I would simply give it to the homeless, people do best when they are given straight cash without stipulations.  There are a few  bad apple drug addicts but the person in need knows what they need to better their situation better than anyone else.

 Each person will have on your question  the different answer because each person has a different need. For one of the people enough means in 500 dollars of month to feel happy.

I love that quote from Maimonides, a medieval philosopher that believed in imparting of his knowledge and experience rather than just giving someone what they want/need for that time.

"Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."

While I do believe in sharing wealth with those that really need it, I also believe it's just as important to teach them how to obtain wealth from their own efforts.

you also don't need to have a lot of money to start sharing
I don't have a lot but have enough to sustain myself due to my work.
Everytime I can I try to share and contribute to cultural and arts projects in my country, even if with something small like 10 usd, it can make a difference.

since I spent less than 1,000 usd per month, 50 usd a month for donations would already be 5% of my income, more or less...

you get the idea

I'll start by sharing it with me, myself and my own needs...I joke - its too selfish. Or is it? Though, jokes aside, everyone would first think of themselves, so tick that, then the rest of the world.

  IF I had the wealth that a Bill Gates or Jeff Bezos have?

  Buy several cargo planes....fill with food and clothes...and personally fly and distribute the items to the poor and needy..not to the government.

  Open several schools for the poor in third world countries and fill with great teachers who will be auditioned every so often to make sure the job is done.

  Help people with emergencies thru the world.

  Hire a staff to investigate and weed out and potential frauds and make sure all money is going to legit sources. Have other private firm investigate these people. So everyone is being watched for any signs of corruption.

  Walk the streets and hand out cash to  the needy...homeless.

  Have food carts give out free food to anyone who is hungry

  

I would not share a single satoshi with any humans.

Humans are disgusting filthy muppets who are more interested in destroying each other and the planet.

I'd gladly open up animal shelters though.

Kittie shelters more specifically.

I like cats.

Yes.
(A simplified version)
"Part One" = How to provably fairly share with people who can afford to invest early, &
"Part Two" == The most productive and fair way to give to people who actually need help.

Sharing massive health
In times of calamities how can you not share if you have such wealth ,but for me i would not give donations via government
I think its best to have it my way build decent home to those who lost homes and give them capital to start over again.
I would also want to established a company that would hire homeless people and single parents
And provide them proper training and seminars.

First, I will budget my money well and also invest it to at least three different places like bitcoin or a bank or maybe also a loan on something. Then, I will target to whom I will share my wealth and kind of help could I get them. But I always really loved the idea of giving children school supplies. I think it makes the student eager to study well because of the things or surroundings they’re in. Or maybe just to have my own school with learnings like financial help and literacy training. The best wealth/treasure/gift you can ever give to someone is education.

Had I had the power and money the way I'd share it with the world or help it would be through providing access to the most basics of them all: food, shelter & education. But in order to change the world you have to target the top because this is where the people that can do that are, but for the rest of the world the most important thing to share is knowledge/education.

No, no , no


Who forces you to live in the midst of enormous greed?
What can you do (as I can guess you have this problem;)

1. You are going to Africa or countries that really have a situation. You organize a team that checks where and how you can do. A non-profit team. You do not help beggars / You help those who really need it / You help to reach a certain stage

2. You give people in Africa a fishing rod instead of a fish. You build, create jobs, schools.

3. You are a happy man

End of story

and btw
Africa is now as it was in 2000 - 2005 in Europe (Internet Age).
So the ideal time for business is also there.

there are a lot of people who is blinded by money.wealth is trash when you are dead.why not share it to these people.. sharing a massive wealth to others will eventually made you feel like you are human. its better to share it to those people who need it the most especially people in africa they strive for hunger and some of them died and eaten by a vulture. and also you can share it to a foundations like home for the aged and for the churches who need expenses.

This is a tricky question. I don't believe in simply just blindly helping people, because I think most people are for a lack of a better word, scumbags and spoiled. Will you simply give it to the poor, where a large percentage of them are going to buy say the latest iPhone so that they can impress their friends. If you blindly give your money away like that, it's almost the same as burning it.

What I would want is to build something with a foundation, that will last for centuries, where those who care can better help themselves.

Time is a huge factor. I have been way too busy lately, but did find time to say "thanks paxmao", for the reminder about the extreme value of precious time.

I just prepare mentally, because many people who do not understand the bitcoin world that the work in bitcoin work instantly and no effort, but the workings in bitcoin is enough to drain the mind and requires the technique so it is worth the nominal issued big enough.

I would invented a cryptocurrency with a perfect Proof of Work algorithm where 1 human can produce 1 hash per minute and computers are helpless and stated that amounts of coins mined = percentage of share in this massive wealth.

   Each person will have on your question  the different answer because each person has a different need. For one of the people enough means in 500 dollars of month to feel happy. And for another man  is not  enough a sum of billion dollars  to understand all beauty of the world. Similarly with trading - at most of traders is developed the nonsaturation syndrome therefore they seek to increase the size of the monthly profit . But a similar race - a way to the deadlock.
   Why to earn huge money which doesn't bring happiness and moral satisfaction? In everything there has to be a golden mean. In particular and in trade at the exchange. Because if a trader will not get a habitual profit, that fact will bring him only depressions and a nervous breakdown. And money isn't necessary to the sick person. We must have a enough sum also to feel relative financial freedom. It is already proved that huge money - a dark side and a way to the deadlock.
    It is also difficult to answer the posted question because each country has own level of development of economy and middle-income of the person. Therefore what makes sense for the USA won't be suitable for the African countries.

There's no perfect solution and by all means don't think I was attacking your idea. I'm not sure whether giving everyone an x amount would be beneficial. But who are you to say that wasting it on fun times is useless. If you were to bring out grants for education then a lot of those would go to waste too. I think it would be nice to have a comparison to success rates of a free university and one which you have to pay for out of your own pocket. Although this isn't really doable in the real world as different universities have different standards.

I think we might find that success rates would be lower when the person isn't funding it themselves and are just given the money. This is a major problem in several countries where people are giving housing just as you suggested and is abused. This isn't the best option either in my opinion either. But it looks like everyone sees education as the best option when really all education does is gives you an easy time of learning and a piece of paper to say you are certified. Quite frankly it's possible to self teach via free resources in the majority of subjects excluding more advanced ones like medicine.

Plus if you were to give grants to people what if that person was joining university or an education program just to have fun? A lot of people seem to do this and at my time in university I had a few friends which were there just for the parties and lifestyle.