Even if it still feels a bit wrong, I can somehow reason with there being wealthy people and the motivation of potential lavish life, since some seem to really need it to make any effort in society. It’s somewhat understandable at least. Talking about tens of millions, with a bit of stretch hundreds - okay, I can stomach it even if it still seems extremely excess.

But billions… that’s already ten times more than that. How anyone can stomach that, I don’t get.

While my heart disagrees, my brain can get, with some effort, behind what this guy says. It kind of makes sense at least. Retaining your humanity and giving up such an inconceivable amount of money for that, really sounds pretty good in this world we’ve been living in lately. Sounds fucking weird to feel good about someone still having such excess in comparison to all the people struggling with next to nothing, but at least there’s some amount of backbone and clear thought involved.

Not sure what to think still. Like someone else commented, better reserve outright okaying this until we know how the money was given away.

But if it turns out to be sensible and humane, I can honestly say I’m fine with the kind of millionaire this one is. It’s not ideal, but it’s tolerable and in some niche sense, justifiable. If it’s all good, I even wish all the millionaires were like this… if we have to have them, as a compromise with the part of people who need all that, the “dream” to strive for, for whatever reason, at least let them be sensible and moral in some way, such as this…

To add to this, this also probably goes to something that seems to have been largely lost between the Baby Boomers and the next generations: the concept of passing on generational wealth. I know my parents have flat out said that they're planning on using all the money they saved working.

Keeping enough money not just to ensure that your family is taken care of today but in the future for possibly generations to come is the kind of thing I can only wish to do.

That's a good point, I'm currently leaning on corporate sponsorship to support my wife's severe chronic illness. It'll be a lot easier once Medicare kicks in.

Yeah, I was thinking about fluctuating interest rates alone. If we are assuming 4% return on 4M and that's where 160K/year comes from....that's essentially a fixed income, risking all kinds of problems in the future, including very low interest rates and doesn't even begin to get into problems like inflation spiking again or unexpected healthcare bills...