3.24.2009

Philanthropy For Billionaires, And For The Rest Of Us

NPR's Marketplace broadcast a bit on the ethical argument in favor of giving more during tough economic times (skip to 18:57)."It's especially easy to forget the needy when the economy slows down. Bioethicist Peter Signer says in his latest book, The Life You Can Save, it's called, that not only should we give more, even in a recession, it's unethical not to."

Singer tells the familiar ethicist's allegory of the person who sees a child drowning in a pond, with no one else around to help. He says that in such a case, we would all agree the ethical thing to do would be to jump in to save the child, regardless of whether we would ruin our most expensive pair of shoes in doing so. I would probably remove my expensive shoes first, as well as my expensive suit jacket, because those things would limit my range of movement and thus my ability to safely and effectively rescue the child. But details aside, I take his point: if you would sacrifice your clothing to save a life, you ought to sacrifice the cost of that clothing, in the form of a monetary donation, to save a life. And no matter what the tax code might say about it, charitable giving is not charitable giving is not charitable giving: money given to cultural institutions in the developed world, for example, is a very different (and less essential) category of giving than money given to basic, lifesaving health programs in the developing world.

Singer authored a thought-provoking story in the NYTimes Magazine a couple of years ago when the US wasn't in quite the scarcity mindset it is now. The story was called "What Should A Billionaire Give -- And What Should You?" In it, he suggests a graduated scheme of giving in which a household's charitiable contribution is tied to its annual income, anywhere from 33% of income for the superrich to 1% of income for those who are able to meet their basic needs. Under his scheme, I ought to be giving around 10% of my household income to lifesaving international development work--which I am not for a variety of reasons, most of which boil down to the fact that it is it too easy and too normal to be selfish.

More on Singer's ethics in the form of a Q&A here. At the risk of spoiling it for you, Singer himself does not live up to the standard he believes he ought to. In response to a reader's question on his point, he writes, "Ultimately, I don't think my indulgences can be justified. I know that I'm very far from being a saint. I should spend less on myself and give away more of what I earn. Of course, I give much more than most. But I know that that isn't the right standard. As for deciding how much is enough, I just do a little better each year."

This recession has reminded me that I should be giving more money away, and over the years work like Singer's and the nice people at Lazarus At The Gate has made me reevaluate where that money would be best spent. I don't give as much as I ought to, but like Singer, I am trying to do better each year. How has the recession changed how you think about your poverty-fighting obligations?

11 comments:

Jezebella said...

I don't give to international charities because I can save lives right here in Mississippi by donating to Planned Parenthood. I don't give 10%, but I do give as much time as they ask me for, and I think that counts for something. I think people who can't afford to give money can often give an hour or two a month, and that adds up to a lot of help for your charity of choice. My museum has 100 volunteers who commit to only 3 hours a month (though many do more), and their service is equivalent to 2 1/2 full-time staff members.
In conclusion to this rambling comment, if you can't give money, give time.

Anonymous said...

I agree with Jezebella. Time is just as valuable (if not more so) than money.

stephanie said...

I too agree about giving time when you can't give (or aren't comfortable giving) money. I could give more money than I do, but I'm working on building up an emergency fund because I know I'll be changing jobs (and cities) within the next year. However, I do spend 6 to 10 hours a week at a local nonprofit, and I'm even putting together a series of personal finance workshops that I'll be teaching low- and fixed-income people in our area. I think that the value of the workshops will be many times greater than the dollar amount I could give right now. Too bad the government doesn't give tax deductions for donating time instead of money! (At least not to my knowledge - if anyone knows differently, please let me know!)

Diane said...

I know I don't give nearly as much as I should to charity, either in time or money but both are important.

Also I just found this blog and have been perusing the posts. I find it incredibly interesting and I hope the lack of posts the past few weeks is just a break for you.

Jerry said...

I most wholeheartedly agree with you. It's our duty to take care of each other. There's no insurance we'll ever become that billionaire but if not does it preclude you from doing some good with your life in the meantime? I don't think so. I agree with Jezebella. I think doing work and service in your own community first makes sense and if it leads you to branch out on a more global scale - all the better.
Jerry
www.leads4insurance.com

ldub said...

miss you, FF!

Emily said...

I hope you'll be posting again soon!

Deanna said...

How did he come up with the 10% number? Did he actually do some sort of calculation, or did he just start with the traditional tithe and work his way up?

Carrie said...

Where are you?? Don't quit this blog!

Melissa said...

Missing your posting, and hoping that you and your family are safe and well.

Sarah said...

are you ever coming back?