The 25-year-old certainly had other career options. An MIT computer science graduate, he could be writing software for the next tech giant. Or he might have gone into academia in computing or applied math or even biology. He could literally be working to cure cancer.
Instead, he goes to work each morning for a high-frequency trading firm. It’s a hedge fund on steroids. He writes software that turns a lot of money into even more money. For his labors, he reaps an uptown salary — and over time his earning potential is unbounded. It’s all part of the plan.
Why this compulsion? It’s not for fast cars or fancy houses. Trigg makes money just to give it away. His logic is simple: The more he makes, the more good he can do.
He’s figured out just how to take measure of his contribution. His outlet of choice is the Against Malaria Foundation, considered one of the world’s most effective charities. It estimates that a $2,500 donation can save one life. A quantitative analyst at Trigg’s hedge fund can earn well more than $100,000 a year. By giving away half of a high finance salary, Trigg says, he can save many more lives than he could on an academic’s salary.
Is this an ethical way to live your life or is the only truly ethical lifestyle being unemployed and ironically posting about revolution on a message board while bemoaning any real action from behind a veil of theory and detachment?
prikryl posted:
lol
hes rite chairmanmeow is a lil' b*tch
Edited by soicowboy ()
1488 posted:
Actually due to tax deductions from charity, his effective tax rate is probably very low. If you give almost all of your money away to Oxfam, there is very little the government can take from you to finance military spending
SaintJust posted:“A lot of people, they want to make a difference and end up in the Peace Corps and in the developing world without running water,” Trigg says, “and I can donate some of my time in the office and make more of a difference.”
hes rite chairmanmeow is a lil' b*tch
woah a wall street shitbird cracked wise about the peace corps, i am undone
ChairmanMao posted:also lollin so hard at anyone who joins PC to try to 'make a difference'
anything that involves 'doing something' is ableist garbage
iFederico posted:Is this an ethical way to live your life or is the only truly ethical lifestyle being unemployed and ironically posting about revolution on a message board while bemoaning any real action from behind a veil of theory and detachment?
btw you're thinking of the Old LF. in the New LF the job to poster ratio is about 4.5 to 1, and rising
thirdplace posted:btw you're thinking of the Old LF. in the New LF the job to poster ratio is about 4.5 to 1, and rising
yea sadly i'm banned from wddp, but if anyone wants to cross post this there feel free
thirdplace posted:He'd do a lot better to donate the money to the Democratic Party.
max out. MAX out. max out!!!
ChairmanMao posted:thirdplace posted:He'd do a lot better to donate the money to the Democratic Party.
max out. MAX out. max out!!!
thirdplace -- This is the final notification of your member status before tonight's FEC deadline. You have just a few hours left to throw your support behind President Obama's agenda. The status associated with this email address is below:
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As of 4pm, we're just 2,793 donations away from hitting 400,000 for the year. That would be a new record for grassroots support! So let's step up, crush our goal, and render the Republicans speechless.
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This is our chance to show Boehner and the Republicans that our grassroots strength can beat their billionaire backers. And it couldn't come at a better time (the Koch brothers just created a new dark money outside group that could do some real damage).
There are just a few hours until the deadline. Will you join us?
iFederico posted:http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/join-wall-street-save-the-world/The 25-year-old certainly had other career options. An MIT computer science graduate, he could be writing software for the next tech giant. Or he might have gone into academia in computing or applied math or even biology. He could literally be working to cure cancer.
Instead, he goes to work each morning for a high-frequency trading firm. It’s a hedge fund on steroids. He writes software that turns a lot of money into even more money. For his labors, he reaps an uptown salary — and over time his earning potential is unbounded. It’s all part of the plan.
Why this compulsion? It’s not for fast cars or fancy houses. Trigg makes money just to give it away. His logic is simple: The more he makes, the more good he can do.
He’s figured out just how to take measure of his contribution. His outlet of choice is the Against Malaria Foundation, considered one of the world’s most effective charities. It estimates that a $2,500 donation can save one life. A quantitative analyst at Trigg’s hedge fund can earn well more than $100,000 a year. By giving away half of a high finance salary, Trigg says, he can save many more lives than he could on an academic’s salary.
Is this an ethical way to live your life or is the only truly ethical lifestyle being unemployed and ironically posting about revolution on a message board while bemoaning any real action from behind a veil of theory and detachment?
he makes a great point. This is why my life's goal is to run for and win the presidency.
Lessons posted:you should have made it "serve your fellow man" so i could make the cookbook pun/reference to the classic twilight zone episode
As if I am passing the chance to use an lf'est reference.
jools posted:why do none of these people consider Ethical SUicide
I believe the preferred method is revolutionary suicide.
wasted posted:the best way to help your fellow man is to ruin business opportunities- carl marks
discipline posted:but how much are these lives worth saving? Trigg saves sixty lives a year, but they are all poor people..who cannot save as many lives as Trigg can.
if only there was a way to apply leverage to charity
iFederico posted:http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/join-wall-street-save-the-world/Is this an ethical way to live your life or is the only truly ethical lifestyle being unemployed and ironically posting about revolution on a message board while bemoaning any real action from behind a veil of theory and detachment?
lol that guy is a moron but tbh nothing on rhizzone is done for the good of humanity either