On my runs, I often find lost phones, credit cards, wallets, IDs and other items. A few years ago, I came across a wallet fat with cash and credit cards. As always, I sought out the owner and returned it. Being a philosopher, I’m interested in the ethics of this.

While using found credit cards would be a bad idea and a crime, found cash is different. After all, cash is cash and there is nothing to link cash to a specific person. As money is useful, a person who finds a wallet stuffed with cash would have a practical reason to keep it. One exception would be if the reward for returning it exceeded the value of the cash—but the finder would have no idea if this was the case. So, from a purely practical standpoint, keeping cash would be a smart choice. A person could even return the credit cards and other items in the wallet, plausibly claiming that it was otherwise empty when found. However, a smart choice need not be the right choice.

One argument in favor of returning found items can be built on the golden rule: do unto others as you would have them do unto you. More formally, this is moral reasoning involving the method of reversing the situation. Since I would want my lost property returned, I should treat others the same. Unless I can justify treating others differently by finding relevant differences that would warrant the difference. Alternatively, it could also be justified on utilitarian grounds.  For example, someone who is poor might contend that it would not be wrong to keep money she found in a rich person’s wallet because the money would do her more good than it would for the rich person: such a small loss would not affect him, such a gain would benefit her significantly.

Since I am now not poor and find relative small sums of money (hundreds of dollars at most), I have had the luxury of not being tempted. However, even when I was a poor graduate student, I still returned whatever I found. Even when I honestly believed that I would put the money to better use than the original owner. This is due to ethics rather than some sort of devotion to America’s horrific class system.

One of the reasons is my belief that I do have obligations to help others, especially when the cost to me is low relative to the aid rendered. In the case of finding someone’s wallet or phone, I know that the loss would be a significant inconvenience for most people. In the case of a wallet, a person will need to replace a driver’s license, credit cards, insurance cards and worry about identity theft. It is easy for me to return the wallet—either by dropping it off with police or contacting the person after finding them via Facebook or some other means. That said, the challenge is justifying my view that I am so obligated. However, I would contend that in such cases, the burden of proof lies on the selfish rather than the altruistic.

Another reason is that I believe I should not steal. While keeping something you find differs from the morality of active theft (this could be seen as being like the distinction between killing and letting die), it does seem to be a form of theft. After all, I would be acquiring what does not belong to me by choosing not to return it. Naturally, if I have no means of returning it to the rightful owner (such as finding a quarter), then keeping it would probably not be theft. But it could be contended that keeping lost property is not theft (even when it could be returned easily), perhaps on the ancient principle of finders keepers, losers weepers. It could also be contended that theft is acceptable, which would be challenging. However, the burden of proof would seem to rest on those who claim that theft is acceptable or that keeping lost property when returning it would be quite possible is not theft. Naturally, there can be some specific exceptions.

I also return what I find for two selfish reasons. The first is that I want to build the sort of world I want to live in—and in that world people return what is lost. While my acting the way I want the world to be is a tiny thing, it is more than nothing. Second, I feel a psychological compulsion to return things I find—so I must do it for peace of mind.