“Giving money away” is a stupid, post-modern, useless neo-marxist attitude.
It takes real wisdom to give money away - such that it actually has a good effect, doesn’t get wasted or stolen, or worse, doesn’t go to promote evil.
I don’t think about Taylor Swift much, but read that after her last concert tour, she gave every roadie and driver for her team a $125K bonus.
THAT is generosity, which is targeted, effective, and creates community.
Indeed and any city or country that hosted the tour had a sizable economic boon to boot.
And it is not counted as charity when she gives money to the roadies. Many here don’t like her but she has helped many people with money.
imho the best way to give money away is to give prizes to companies that reduce the cost of energy.
why? because the cost of energy is at the root of civilization progress and because reductions in energy costs act not just like a tax cut but like a progressive tax cut—where benefits to the lower 90% of the population by income is greater than the benefits to the top 10% of the population.
Prizes should be huge.
The benefits of prizes is that the foundation that gives them is less likely to degrade over time. for example the noble prize has declined less from its original mission than the rockefeller foundation.