I've been on HN about as long as I've been an EA, over which period I've donated more than half my income. I work at a biosecurity nonprofit, trying to reduce the risk we all die in a bioattack.
Then, I have some sincere questions. No, wait. First, my sincere compliments, both for your work and your giving.
Now, questions:
In your view (which I will listen to, because you're actually an EA), is the "wait until later to be more effective" actually a part of EA? Or is that a separate thing that calls itself by the same label?
If it's the same thing, it sounds like you don't act that way. Do you not buy the "later" logic? If not, why not?
EA is a bunch of people who have a similar way of looking at how to apply our resources and effort to making the world better, but even within EA there's still a ton of disagreement over what better means and how to go about getting there.
The idea of waiting until later is typically called "patient philanthropy". The argument is something like:
1. People matter equally regardless of when they exist.
2. Money you invest could be far more money in the future.
3. Giving opportunities will be about as good in the future as they are today.
4. Therefore if you save to donate later you can do a lot more good.
This often looks like putting money in a Donor Advised Fund to lock in the "this has to go to charity" while still letting it grow, and then later deciding where to donate it.
It's not a common position within EA, and isn't one I hold (so I may not be fully fair to it). The main objection is to point 3: there are actually a bunch of reasons to expect that money donated today will go further than money donated later. The big one, from my perspective, is that we are increasingly creating more powerful AI systems, and we're close to making ones that are smarter than almost everyone. This is very different from anything people have done before, and could have extremely long term consequences (extinction, loss of human control over the future, locking in values that on reflection aren't great, etc).
I could see a different argument against 3. Let's say you give some money now that lifts some people out of poverty. Those people don't raise their kids in poverty, which changes their kids' position, which means that their kids don't grow up in poverty, and so on. So money given now can have a compounding effect in peoples' lives, affecting more people in the future than just the people it affects today.
Yes! This sort of compounding effect is also a potential reason to prefer giving sooner. But it is important to be clear-eyed about the extent to which compounding is really happening: while it's a story we all want to believe, there's also substantial potential for regression to the mean.
cyanydeez · · focus · HN ↗
s1artibartfast · · focus · HN ↗
cyanydeez · · focus · HN ↗
s1artibartfast · · focus · HN ↗
Is that the standard you hold everything to?
AnimalMuppet · · focus · HN ↗
jefftk · · focus · HN ↗
AnimalMuppet · · focus · HN ↗
Now, questions:
In your view (which I will listen to, because you're actually an EA), is the "wait until later to be more effective" actually a part of EA? Or is that a separate thing that calls itself by the same label?
If it's the same thing, it sounds like you don't act that way. Do you not buy the "later" logic? If not, why not?
jefftk · · focus · HN ↗
The idea of waiting until later is typically called "patient philanthropy". The argument is something like:
1. People matter equally regardless of when they exist.
2. Money you invest could be far more money in the future.
3. Giving opportunities will be about as good in the future as they are today.
4. Therefore if you save to donate later you can do a lot more good.
This often looks like putting money in a Donor Advised Fund to lock in the "this has to go to charity" while still letting it grow, and then later deciding where to donate it.
It's not a common position within EA, and isn't one I hold (so I may not be fully fair to it). The main objection is to point 3: there are actually a bunch of reasons to expect that money donated today will go further than money donated later. The big one, from my perspective, is that we are increasingly creating more powerful AI systems, and we're close to making ones that are smarter than almost everyone. This is very different from anything people have done before, and could have extremely long term consequences (extinction, loss of human control over the future, locking in values that on reflection aren't great, etc).
AnimalMuppet · · focus · HN ↗
jefftk · · focus · HN ↗