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Fiat Charities - People Taking Advantage & Corruption!

The SatsMate Stack
The SatsMate Stack
Episode • Jan 4, 2024 • 8m

Hi Everyone, 

In today's day and age, many people are looking to take advantage of charity even though they may be well-to-do. In addition, there are many charities where the money doesn't go directly to the people in need but goes through layers of bureaucracy and red tape. In this podcast, I discuss some of the following topics: 

- The importance of giving to those in need
- How many people are in need, even though we are the richest country
- The administrative overhead of charities is very high and often a fraction goes to the people in need
- Ideally, charity should be given directly to the people in need

Best Regards, 

SatsMates

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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.

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