• 0 Posts
  • 5 Comments
Joined 3 years ago
cake
Cake day: July 19th, 2023

help-circle



  • So honest question: if someone has decent means - not multi millionaire level, but good savings, steady job - what would be the ethical way for them to handle their savings?

    If they own a house, they could invest in it, making it grow in value (within whatever overall value a house in that neighborhood can take).

    They could invest in various funds or ETFs, basically investing in the market and contributing to the system making rich people richer… And even with efforts in conscientious investing or sustainable investing the ability to invest are few and far between.

    They could intentionally let their money, uninvested, sitting in the bank account, but then you’re making the bank make money with your deposit, not any better…

    So then if they’re thinking “ok, I’ll invest in real estate, buy a duplex and be a good landlord, price my 2 appartements decently and take good care of them”, it seems the sentiment is they’d be lumped in with slum lords as being disgusting greedy human beings…

    What’s the solution? What’s the moral, ethical thing to do here?