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by temp10298385
1773 days ago
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I'm very curious about the ethics of early retirement. Forgone consumption seems like a reasonable justification. But surely there is a limit? If I retire by early and through compounding interest amass a fortune that would allow my children to retire before they even enter the work force, is that ethical? Similar scenario: I take up arms to aid the king and in turn ensure stability and peace for society. The land I'm given as compensation allow my lineage to live as nobility for centuries. Is that ethical? I'm making hyperboles not to discount your logic but to show an extreme and try to pinpoint where the limit is. For what its worth, I'm saving quite aggressively and live very modestly for the sole purpose of increasing my leisure, perhaps to retire early. So I am obviously not making this argument as a way to bash FIRE practitioners. I am genuinely curious about the ethical implications of compounding rewards for legitimate sacrifice. Of course someone who works hard in their youth without consuming should be able to retire earlier without guilt. Though I think Warren Buffett is on to something in his disdain for dynastic wealth. |
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It's easy to argue it's unethical by invoking utilitarianism. Unfortunately that also means basically anyone with a white collar job in the first world are unethical, which I'm not sure most people would agree. Other than that I can't think of any convincing for why that's unethical.