Or am I confused and your concern only extends to reducing other people's (say for example less fortunate US women and unfortunate Nigerians) net income and definitely not your own income?
I'm surprised you think I'm conservative. :)
It turns out that the Marshall plan was a large set of grants for billions of $ (big money in those days). There were some loans too with reasonable terms and reasonable payments, and because of natural inflation over time the payments became insignificant compared to the size of the German economy [2]. Maybe a modern day Marshall Plan with a mix of reasonable loans and grants is a good way to not shortchange either us Americans or the recipients.
Compare that with the outsourcing fiasco that has been Industry moving to China due to cheaper labor there. This did make the Chinese better off, and made the industrialists very very rich, but it gutted the American heartland and impoverished the people there, leading to the rise of Christian extremism and fascism in the US. We don't know yet if this was a fatal blow to the body politic and democracy worldwide, it's an ongoing crisis.
[1] https://en.wikipedia.org/wiki/Marshall_Plan
[2] https://www.cnbc.com/2015/03/18/who-still-owes-what-for-the-...