If the problems of poverty and health inequality start being solved, then this should be reflected in the cost per life-saved going up over time. Because as the problem gets solved at a global scale, there are diminishing returns for new investments in solving the problem.
So the strategy would be to save while keeping an eye on the cost trends in saving a life. If it looks like the cost per life saved is increasing faster than the value of savings is increasing, then you shift the savings to donations. But as long as the rate of increase of the cost of saving a life is substantially less than your return on investment in your savings account, you will save more lives by keeping the money in the savings account and paying for the lives-saved later.
This also demonstrates that if you have low-yield in your retirement savings, then it is better to donate now to save a life rather than wait later because if the yield is lower than inflation, you don’t wind up saving any more lives. And given a choice between saving one life now and one life ten years from now, it is at least a little better to save it now.
If the problems of poverty and health inequality start being solved, then this should be reflected in the cost per life-saved going up over time. Because as the problem gets solved at a global scale, there are diminishing returns for new investments in solving the problem.
So the strategy would be to save while keeping an eye on the cost trends in saving a life. If it looks like the cost per life saved is increasing faster than the value of savings is increasing, then you shift the savings to donations. But as long as the rate of increase of the cost of saving a life is substantially less than your return on investment in your savings account, you will save more lives by keeping the money in the savings account and paying for the lives-saved later.
This also demonstrates that if you have low-yield in your retirement savings, then it is better to donate now to save a life rather than wait later because if the yield is lower than inflation, you don’t wind up saving any more lives. And given a choice between saving one life now and one life ten years from now, it is at least a little better to save it now.
Awesome. Cheers