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remington

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Would the Beehaw community be interested in some pay-it-forward action? (self.chat)

submitted 10 months ago by remington to c/chat

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Currently, we have $6,500.91 in our hopper.

It just seems weird having all of those, mostly, unused funds sitting there doing nothing.

I just wanted to start the conversation about the possibility of paying-it-forward in some capacity. For example, a certain percentage of monthly contributions could go to a charity.

What are your thoughts?

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[–] xilliah 17 points 10 months ago

I'd keep it liquid for the reasons already stated, and in a bank that behaves ethically. Money never really sits at rest in an account, the bank will invest it any way. Plenty of them don't have ethical considerations.

For example, if my info is not incorrect, in the Netherlands one of the largest banks only gave out loans to farmers who expanded their livestock, even if they were against it. Now they have their backs against the wall with emissions. So it was shortsighted and bad for the farmers, climate change, and animal rights, and it's been causing plenty of political issues here too.