Iโm not commenting on this change specifically, but as someone who is a long-term EA but not working in EA full-time, I find there are way too many name changes in EA. Name changes are hugely expensive (both in terms of costs, lost brand equity and confusion among โcustomersโ) so should not be taken lightly.
You narrative talks about the movement switching from earn to give to career-focused. I think that has huge survivorship bias in it. There are now many GWWC pledgers who would not call themselves EA. As the movement became bigger, the career-focused side began to dominate discourse because thereโs a lot more to say if you are career-focused and trying to coordinate things rather than if you are head down earning money.
This article has a lot of downvoting (net karma of 39 from 28 votes and 3 disagree votes). Could some of the people who downvoted or disagreed explain their rationale?
You could try putting cash into a separate savings account earmarked for donation. When you are happy that you donโt need it, donate it. (But maybe over a few years for tax efficiency)
Interest rates are much higher, which is partially offset by inflation (itโs real not nominal that matters) but not entirely. Today, US Treasuries have a +1.79% yield over 5 years in real terms, so higher than the -1.28% I mention in the article but still within the long-term range of -1% to +2% that I mention in the article. Importantly, thatโs still below real GDP growth expectations, so over time the amount you can buy as a proportion of global wealth declines.
Surely itโs not a case of either-or. EA exists because we all found that existing charity was not up to scratch, hence we do want EA to take different approaches. However, I think itโs important to also have people from outside EA (but with good value alignment) to provide diversity of thought and make sure there are no blindspots.
Iโm not commenting on this change specifically, but as someone who is a long-term EA but not working in EA full-time, I find there are way too many name changes in EA. Name changes are hugely expensive (both in terms of costs, lost brand equity and confusion among โcustomersโ) so should not be taken lightly.
I agree except that suitability is only part of the equation. Luck plays a very important role.
I agree and wrote about it here: https://forum.effectivealtruism.org/posts/nnf2GsSq9fhdRCvZj/keynesian-altruism
You narrative talks about the movement switching from earn to give to career-focused. I think that has huge survivorship bias in it. There are now many GWWC pledgers who would not call themselves EA. As the movement became bigger, the career-focused side began to dominate discourse because thereโs a lot more to say if you are career-focused and trying to coordinate things rather than if you are head down earning money.
This article has a lot of downvoting (net karma of 39 from 28 votes and 3 disagree votes). Could some of the people who downvoted or disagreed explain their rationale?
You could try putting cash into a separate savings account earmarked for donation. When you are happy that you donโt need it, donate it. (But maybe over a few years for tax efficiency)
Interest rates are much higher, which is partially offset by inflation (itโs real not nominal that matters) but not entirely. Today, US Treasuries have a +1.79% yield over 5 years in real terms, so higher than the -1.28% I mention in the article but still within the long-term range of -1% to +2% that I mention in the article. Importantly, thatโs still below real GDP growth expectations, so over time the amount you can buy as a proportion of global wealth declines.
I think all the points still stand albeit the numbers in the example look dated now! Anything you think should be changed?
Surely itโs not a case of either-or. EA exists because we all found that existing charity was not up to scratch, hence we do want EA to take different approaches. However, I think itโs important to also have people from outside EA (but with good value alignment) to provide diversity of thought and make sure there are no blindspots.
Doesnโt CEA know any?