11 ms·

Gates&Buffet are both very invested in philanthropy and extremely data oriented. If they were made aware by someone they actually listen to, they just might do

Gates&Buffet are both very invested in philanthropy and extremely data oriented. If they were made aware by someone they actually listen to, they just might do it.

criley2 11y ago
8 million is not a lot. There are >7000 million people in the world. It takes the two richest people to provide for 0.0022% of the people on the planet. Too high of a cost for too low of a return. I believe those men think they can solve more than 0.0022% of a problem with their fortunes.
- brador 11y ago
  Money doesn't vanish into a black hole. It flows. Those 8 million will no longer have to worry about feeding themselves, educating their children, paying their rent. They can create. A % will create businesses to take advantage of the money flow, supporting themselves and their communities, paying taxes, jobs, export. Over a single generation you could move from 5% literacy to 95%, for 8 million families. That's a lot of kids and a lot of creators. Fewer babies next gen too if history is right. Those 8 million will essentially have their greatest fears and worries removed and replaced with joy and freedom. Just imagine the possibilities.
  - oldmanjay 11y ago
    >Those 8 million will essentially have their greatest fears and worries removed and replaced with joy and freedom. well, for a while. then the money runs out.
- Retric 11y ago
  I don't think you need to do this for the same family next year. 8 people per year * 20 years = 160 Million people. Also, the example was a family of 4 which would bump it to 640 Million. PS: Those 7000 million people include plenty of people that are doing just fine.
- StephanTLavavej 11y ago
  8/7000 is 0.11%.
  - deleted 11y ago
    [deleted]
- reagency 11y ago
  8million people is 0.11% of 7Billion, that's an excellent roi for 2 people
syllogism 11y ago
Gates and Buffet will know all about GiveDirectly, and direct cash transfers more broadly. GiveDirectly was the GiveWell recommended charity for most of last year. Effective altruism is a relatively small space, and GiveWell is very prominent in it.

Gates&Buffet are both very invested in philanthropy and extremely data oriented. If they were made aware by someone they actually listen to, they just might do it.

criley2 11y ago

8 million is not a lot. There are >7000 million people in the world. It takes the two richest people to provide for 0.0022% of the people on the planet. Too high of a cost for too low of a return. I believe those men think they can solve more than 0.0022% of a problem with their fortunes.

brador 11y ago
Money doesn't vanish into a black hole. It flows. Those 8 million will no longer have to worry about feeding themselves, educating their children, paying their rent. They can create. A % will create businesses to take advantage of the money flow, supporting themselves and their communities, paying taxes, jobs, export. Over a single generation you could move from 5% literacy to 95%, for 8 million families. That's a lot of kids and a lot of creators. Fewer babies next gen too if history is right. Those 8 million will essentially have their greatest fears and worries removed and replaced with joy and freedom. Just imagine the possibilities.
- oldmanjay 11y ago
  >Those 8 million will essentially have their greatest fears and worries removed and replaced with joy and freedom. well, for a while. then the money runs out.
Retric 11y ago
I don't think you need to do this for the same family next year. 8 people per year * 20 years = 160 Million people. Also, the example was a family of 4 which would bump it to 640 Million. PS: Those 7000 million people include plenty of people that are doing just fine.
StephanTLavavej 11y ago
8/7000 is 0.11%.
- deleted 11y ago
  [deleted]
reagency 11y ago
8million people is 0.11% of 7Billion, that's an excellent roi for 2 people

syllogism 11y ago

Gates and Buffet will know all about GiveDirectly, and direct cash transfers more broadly. GiveDirectly was the GiveWell recommended charity for most of last year. Effective altruism is a relatively small space, and GiveWell is very prominent in it.