Nice, can relate. Thanks for sharing.
Later crossposted to my experiment of a new blog, here.
Iāve been reading the other Why I Donate Week posts with interest. One of the main things that struck me reading them was something like: it seems like giving is a big part of these peopleās lives ā which is beautiful and I love it. But I mostly donāt relate to it in a very similar way myself, so I thought Iād write this for a different perspective!
I took the 10% PledgeĀ in 2017, and have been giving at least 10% since then.[1]Ā Currently I give in a vaguely Further-Pledge-like way, i.e. everything above a threshold thatās currently about Ā£34k/year after tax. That currently works out to giving around 40% of my gross/pre-tax income, though that might change in either direction in future.
The main way I relate to giving is honestly that I donāt think I relate to it very much at all. If I ask myself how it feels, the main things that come to mind are like: feels easy, feels obvious, doesnāt feel dramatic.
If I ask myself why I give, or how I feel about giving, the thing that feels most true is:
(Of course, by this I donāt mean that it would be obvious for everyone! Everyoneās situation is different, people have different needs, and I love the diversity of different approaches to giving in this community.)
There are other perspectives which seem true to me, which I can inhabit if I think about it, and which I expect are underlying that āseems obviousā if I interrogated why I believe that. E.g.:
But they donāt feel like very salient reasons to me. Giving just doesnāt feel like a notable aspect of my life to me. Itās something I think about occasionally when I decide where to donate, or decide how much Iām donating next year; and otherwise isnāt very relevant to my experience.
Historically speaking, I expect itās way easier for me to feel this way because I decided to give while I was a student. Iāve been giving for as long as I had an independent income, and Iāve never seen my disposable income drop because of giving.[4]Ā So thatās something to speak for starting early!
Many thanks to those who organised Why I Donate Week: seems great, plus you successfully got me to actually write a Forum post for the first time ever, after about 10 years of reading![5]
The full version is that, for the first few years of earnings, if I only had money from my own earnings, I would probably have suspended my pledge for a few years until I had a year of runway saved or something. But I had some ~inheritance / family money, so I kept giving. I'll be receiving a big chunk of ~inheritance next year, which I intend to ~entirely dedicate to giving, and large enough to greatly increase the amount I'm giving. So I'll need to think about what to do with that. My main feeling about this is that it feels like a lot of work...
I didnāt look up that number, donāt quote me, but I know itās not extremely far off.
Yes, I acknowledge that some versions of it might not be for the overall good due to second-order effects on incentives for wealth creation or whatever. But at least, to the extent that thatās the case, that feels like a sad fact to me: if the money itād take to solve all the worldās problems is just sitting right there in the bank accounts of rich people like me, but we canāt take it because thatād be even worse in the long run? Maybe true, but sad.
I currently decide my threshold for each year by letting my post-donation-post-tax income grow a bit each year ā currently using the probably-overcomplicated approach of taking the midpoint of UK inflation and earnings growth since a baseline year. Plus Iād adjust it for any big changes in costs that seem either ~altruistically justified (e.g. if I took an impactful job that increased my commute costs a lot, or if I stopped doing that) or like a big life thing that I think it makes sense to accommodate (e.g. if I had children). But I might change that in future, e.g. Iāve considered having a somewhat lower threshold but donating e.g. Ā 80% of my income above it rather than 100%.
possibly of reading unhealthily muchā¦Ā
"I donāt think thereās an especially important sense in which āmyā money is mine; I think the state would be justified in expropriating and redistributing way more of my income.[3]"Ā
I've been interested to see this (or a similar) sentiment expressed over a number of posts which was quite unexpected!