Nice, can relate. Thanks for sharing.
Later crossposted to my experiment of a new blog, here.
Iâve 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 peopleâs lives â which is beautiful and I love it. But I mostly donât relate to it in a very similar way myself, so I thought Iâd write this for a different perspective!
I took the 10% Pledge in 2017, and have been giving at least 10% since then.[1] Currently I give in a vaguely Further-Pledge-like way, i.e. everything above a threshold thatâs currently about ÂŁ34k/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 donât 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, doesnât 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 donât mean that it would be obvious for everyone! Everyoneâs 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 âseems obviousâ if I interrogated why I believe that. E.g.:
But they donât feel like very salient reasons to me. Giving just doesnât feel like a notable aspect of my life to me. Itâs something I think about occasionally when I decide where to donate, or decide how much Iâm donating next year; and otherwise isnât very relevant to my experience.
Historically speaking, I expect itâs way easier for me to feel this way because I decided to give while I was a student. Iâve been giving for as long as I had an independent income, and Iâve never seen my disposable income drop because of giving.[4]Â So thatâs 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 didnât look up that number, donât quote me, but I know itâs 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 thatâs the case, that feels like a sad fact to me: if the money itâd take to solve all the worldâs problems is just sitting right there in the bank accounts of rich people like me, but we canât take it because thatâd 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 â currently using the probably-overcomplicated approach of taking the midpoint of UK inflation and earnings growth since a baseline year. Plus Iâd 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. Iâve considered having a somewhat lower threshold but donating e.g. Â 80% of my income above it rather than 100%.
possibly of reading unhealthily muchâŚÂ
"I donât think thereâs an especially important sense in which âmyâ money is mine; I think the state would be justified in expropriating and redistributing way more of my income.[3]"Â
I've been interested to see this (or a similar) sentiment expressed over a number of posts which was quite unexpected!