Earlier this year the personal finance community got into a heated debate about charitable giving. The conversation kicked off with a thread of tweets from Tanja of Our Next Life.
Tanja’s thread was filled with research and nuance, but the big takeaway was basically that we fail to recognize when we are wealthy, and this leads to a scarcity mindset that, among other things, causes us to donate much less money than we are actually able.
This all seemed pretty uncontroversial to me. And yet, it led to a lot of pushback. Especially the idea that those of us with money should be donating more of it.
I wanted to understand why, so I asked. Continue reading “The Case Against Charity”