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The basic problem with this model is that it guides you to forever procrastinate actually doing good. Sufficiently large fortunes can be sufficiently diversifie
by BurritoAlPastor 5y ago
The basic problem with this model is that it guides you to forever procrastinate actually doing good. Sufficiently large fortunes can be sufficiently diversified that you’re basically guaranteed to keep growing your wealth so long as you keep reinvesting it. The good you can theoretically afford to do next year will always be greater than the good you can afford to do today – which means, under this model, that the “right choice” is to never do good today. That’s why this kind of simple utilitarianist thinking is a trap.
- istingray 5y ago"never do good today" I like that framing. Wonder if there's a name for this phenomenon. What would YC say? "Do good early, do good often". Lean philanthropy
- deleted 5y ago[deleted]
- norov 5y agoAgile philanthropy
- deleted 5y ago[deleted]
- unpolloloco 5y agoThere's a good argument to diversify giving type too - as well as diversifying investment. Give some now, give some later. That way, you get the best of both worlds - impact now and greater impact later!