1) After how many years of 2.5% annual donation would their own wealth drop until they thenself become poor?

Donating 2.5% means that you get poorer and poorer over time unless you can make more than that per year back. 2.5% of wealth also means non-liquid assets such as house, how do you donate that? Get credit?

If you are middle class and your house etc is eg 1M$ net worth you are giving 25k$ per year. At 0.5M net worth its 12.5k$ per year.

2) You assume that those people would know how to handle that money well. We see what many poor people do with money: buy trash like soda with food stamps that makes them even more ill and causes them more financial burden due to poor health.

Are you sure that money would be well spent, or is it better to invest in better technology that will benefit everyone?

3) Why would hard working responsible middle class people give their money to those that buy cola with it? Mass revolt, people care about their families only.

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qualeed 4 days ago | parent [-]

You say:

>.5% of wealth also means non-liquid assets such as house

But they said:

>Total U.S. household net worth (excluding real estate)

The rest of your comment, to be honest, just sounds like you fundamentally don't like poor people and have some strong biases against them.

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NotGMan 4 days ago | parent [-]

You are free to give them 2.5% of your money, see how it works out.

Reality supports my case.

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qualeed 4 days ago | parent [-]

You may find it unfathomable to do so, but I already donate quite a bit more than 2.5% of my salary, as well as hours of my time every week, helping people less fortunate than myself.

Whatever "reality" you're referring to isn't the same one I'm living in.

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NotGMan 4 days ago | parent [-]

Good for you. Doesn't change the reality that most of them don't know how to handle money.

	▲	qualeed 4 days ago \| parent [-]
		It is a bit funny that you said "see how it works out", I told you I already do it, so you go with a dismissive "Good for you" Anyways, I doubt anything I can say will ever convince you otherwise, you sound very entrenched in your beliefs.