Is the following another way of making a similar point?
2015 $ raised now could be invested with above-inflation annual interest and then given in 2055.
$1000 given in 2015 does more good than $1000 (inflation-adjusted) given in 2055, partly because the former has a ‘social rate of return’ (which is plausibly greater than 5%).
You have to accept this or else accept that it’d be better to invest 2015 $ raised now and only give the money in 2055. (Absent some other strong reason not to, like thinking that there will be fewer low-hanging fruit then).
“Improving health today has significant flow-on effects to the future, by ensuring people and their children are healthier, and better able to learn, work and make their countries prosperous. The earlier in time these health improvements are achieved, the more people benefit from these flow-on effects.”
“Interestingly, just as the returns on your investment would compound over time, donating
to a charity now may also yield compounding benefits.
In the case of donations to global poverty charities, the benefits that accrue to those
immediately helped by a particular intervention (e.g. those freed from intestinal worms
by ones donation to a deworming charity) also compound at a social rate of return.
The idea here is that the direct benefits of the intervention (e.g. improvement of an
individuals health) lead to societal knock-on benefits that compound over time (e.g.
increased productivity and likelihood to reproduce, which may themselves have beneficial
economic and non-economic spill-over effects on the rest of society).”
Is the following another way of making a similar point?
2015 $ raised now could be invested with above-inflation annual interest and then given in 2055.
$1000 given in 2015 does more good than $1000 (inflation-adjusted) given in 2055, partly because the former has a ‘social rate of return’ (which is plausibly greater than 5%).
You have to accept this or else accept that it’d be better to invest 2015 $ raised now and only give the money in 2055. (Absent some other strong reason not to, like thinking that there will be fewer low-hanging fruit then).
Explications of ‘social rate of return’:
“Improving health today has significant flow-on effects to the future, by ensuring people and their children are healthier, and better able to learn, work and make their countries prosperous. The earlier in time these health improvements are achieved, the more people benefit from these flow-on effects.”
“Interestingly, just as the returns on your investment would compound over time, donating to a charity now may also yield compounding benefits. In the case of donations to global poverty charities, the benefits that accrue to those immediately helped by a particular intervention (e.g. those freed from intestinal worms by ones donation to a deworming charity) also compound at a social rate of return. The idea here is that the direct benefits of the intervention (e.g. improvement of an individuals health) lead to societal knock-on benefits that compound over time (e.g. increased productivity and likelihood to reproduce, which may themselves have beneficial economic and non-economic spill-over effects on the rest of society).”