What are your thoughts on charities?
I thoroughly detest every aspect of them.
First there's the sense that you "owe" it to the poor people that you are rich, that it's somehow immoral to be wealthy. It is not. Then, there's the fact that that charities most of the time have none -- or better yet ADVERSE effects on the people they try to help. A hefty cut of foreign aid money is absorbed by the local governments, and ends up financing a new solid golden swimming pool for the local dictator, so it never sees the face of whomever it was intended for. Finally, you know the old saying: Give a man a fish today and he will be hungry tomorrow, teach him how to fish and you feed him for a lifetime?
The only thing you accomplish by squandering money on charities is to buy a false sense of being a good person.