Religion
In reply to the discussion: Is it a sin to have more than $400,000 in stocks, money, and not give at least half of it to your [View all]Erich Bloodaxe BSN
(14,733 posts)Are you expected to live on that money for decades, or is it above and beyond a guaranteed income?
Did you already 'tithe' on it (or even more than 10%) as you received it in income?
Do you have it because you simply saved it, while others around you spent that amount already on frivolous things?
We're constantly told by commercials that we 'need' a million or more to 'retire', so I don't think I'd be admonishing people who actually saved up to retire. Either they'll end up needing to use it, or they can leave whatever's left to the less fortunate when they die. It's not like poverty is going to disappear before they die.
Me, if I hit the lottery and won 400k after taxes for myself? Yes, I'd probably give half of it away. If I won 'millions', I'd probably give an even larger percentage away. Although 'local' wouldn't be my deciding factor as to who the money went. I'd aim it towards the most deeply impoverished folks in the country, the folks living on reservations in the Dakotas.