Dylan Matthews just posted a Vox article "If you’re such an effective altruist, how come you’re so rich?" which addresses critics of effective altruism's billionaires.
My TL;DR
- A lot of recent criticism of EA seems to come from the fact that it has a couple of billionaires now as supporters
- These billionaires however are some of the biggest donors to US candidates that would increase taxes on them
- Open support for raising taxes, e.g. Moskovitz tweeted the other day: "I’m for raising taxes and help elect Dems to do it"
- The broader EA community skews heavily left-of-center (typically supportive of higher taxes and social welfare)
- Effective altruism was founded explicitly on voluntary redistribution of income from people in high-income countries to low-income countries (e.g. Giving What We Can) and most of the communities founders give a significant portion of their incomes
- Given that the billionaires do exist, what else would you rather they spend money on?
That's just my TL;DR – feel free to put in your own summaries, comments and critiques below.
Just to spell this argument out in more detail: EA billionaires have 30B-50B. All billionaires combined have maybe 10-15trillion [1]. For taxing billionaires to be net negative, we approximately need the marginal EA dollar to be worth 200-500x that of marginal US congressional priorities (more precisely the delta between the marginal dollar used by marginal US federal gov't and the marginal dollar used by non-EA billionaires).
I do think this argument basically clears. I think global health grantmakers in EA are trying to clear an 1000x bar (1000x better spending than increasing American consumption). Which is higher than 200-500x, but not by much.
We might also hope that EA billionaires will take up a larger fraction of billionaire wealth in the future.
(I think your other considerations are important but I have not given much thought to them. I may mull over this a bit after work today)
Source says 9T, but unclear because the source is 2019?