I inherited $12 million when my father died last year. I didn't earn it. He built a manufacturing company that, frankly, wasn't always ethical in how it treated workers or the environment. Now I have this money and I don't know what to do with it. Part of me wants to give it all away—to the workers' families, to environmental causes, to just... not have it be mine anymore. It feels dirty. I feel like a fraud living in my modest apartment while millions sit in accounts. My financial advisor thinks I'm insane. "You can do more good over time with strategic philanthropy," he says. "Keep the principal, give the interest." My therapist says my guilt is misplaced—I'm not responsible for my father's choices. But every morning I wake up and think about St. Francis stripping naked in the town square, giving everything back to his merchant father. Is radical generosity wisdom or foolishness? Can you do good with money that was made badly?
I inherited $12 million when my father died last year. I didn't earn it. He built a manufacturing company that, frankly, wasn't always ethical in how it treated workers or the environment. Now I have this money and I don't know what to do with it. Part of me wants to give it all away—to the workers' families, to environmental causes, to just... not have it be mine anymore. It feels dirty. I feel like a fraud living in my modest apartment while millions sit in accounts. My financial advisor thinks I'm insane. "You can do more good over time with strategic philanthropy," he says. "Keep the principal, give the interest." My therapist says my guilt is misplaced—I'm not responsible for my father's choices. But every morning I wake up and think about St. Francis stripping naked in the town square, giving everything back to his merchant father. Is radical generosity wisdom or foolishness? Can you do good with money that was made badly? — Rich and Empty in Rye
That's a fascinating divergence. St. Francis of Assisi, I hear a call for immediate, personal action, almost a symbolic cleansing. And Adam Smith, you propose a more systemic, considered approach. "Rich and Empty," how do you reconcile these two impulses within yourself? Is your discomfort rooted in a desire for immediate absolution, or do you see a longer-term responsibility to those your father's company affected?
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