You do realise that you probably spend more than that on your daily latte, right?People say this kind of thing a lot, and it irks me. Daily lattes? On what planet? It sort of marks metafilter out as upper-middle-class space, which is weird. I know this may be surprising, but there are people here for whom the whole thought of paying $2 a day for coffee is a really odd idea.
Being in the red on a $250,000 annual salary might still seem surprising. But taking responsibility for their retirement and their children's future is costly. They are maximizing contributions to two 401(k)s and all flexible spending accounts available to them, and they are squirreling away $8,000 a year into college funds.News flash: You don't get to count money you're saving against "being in the red". That's not how accounting works. If you're "in the red" and putting over $40,000/year in savings, you're simply not really saving that much. They also do some great sneaky double-counting in their accounting - they include servicing $63k of student loan debt while also counting saving $8k/year toward their kids' tuitions, something that only works for one generation. And if they're earning 5% return to get that $3,000 in investment income, they have $60k in savings, which they could have used to buy the car they're paying a loan on.
How we fell short: As part of an effort to gain publicity, GiveWell's staff (Holden and Elie) posted comments on many blogs that did not give adequate disclosure of our identities (though we did use our real first names); in a smaller number of cases, we posted comments and sent emails that deliberately concealed our identities. Our actions were wrong and rightly damaged GiveWell's reputation. More detail is available via the page for the board meeting that we held in response.What else do you want? Seriously, lay it out - they seem to be listening.
Given the nature of our work, it is essential that we hold ourselves to the highest standards of transparency in everything we do. Our poor judgment caused many people who had not previously encountered GiveWell to become extremely hostile to it.
Steps we have taken to improve: We issued a full public disclosure and apology, and directly notified all existing GiveWell donors of the incident. We held a Board meeting and handed out penalties that were publicly disclosed, along with the audio of the meeting. We increased the Board's degree of oversight over staff, particularly with regard to public communications.
It'd be nice if WaPo didn't bury that detail in there, so it could have started to kill the meme that DC's residents are taxed to death. We're not. And our quality of living is pretty damn good these days.When my parents moved from the burbs back into the city, they were able to ditch their second car. They said that the savings on car insurance more than offset the higher taxes.
Dogs are so generous with the scraps their masters let fall to the floor. It pains me to see the lower- and middle-class selflessly volunteer to bring themselves so close to the poverty line just to help someone else move away from it.Their whole point is that your class status seems really different if you change your frame of reference from the local or national to the global. Locally, I make about an average income. Nationally, I'm below average. Globally, I'm in the top 4%. If I look at rich people in America, then I think that I don't need to do anything, because they have so much more than me and can afford to give so much more. But to the average person in the world, I am equivalent to those rich people. And I think that's a useful frame of reference.
Sadly, I'm not surprised someone feels more smug making that kind of a statement.Perhaps I was being too obtuse. Here, let me rephrase:
Just like the Wednesday morning naysayers who pretend that not voting somehow has some moral meaning. If you're doing less, you're still doing less.Now, you've lost me. Yes giving 1% of your annual income to charity is better than giving nothing, but it's a pitiful amount to feel proud of.
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1% is such a tiny amount, just 0.083% of your income each month but in aggregate it represents more money than has ever been devoted to developed, probably cumulative in the history of development.
posted by ChrisHartley at 4:56 PM on December 13, 2010