Per Bylund Profile picture
21 Mar, 10 tweets, 2 min read
If we truly want to change things for the better and contribute to a better community and society, then we should judge charitable acts based on their outcomes (the good expected or brought about), not the personal sacrifice of carrying out the act (what the doer gives up).
Many would consider a highly paid, and therefore also productive, individual spending a full day laboring in a soup kitchen a greater charity than if they had donated the money they would have earned. This conclusion requires focusing on the sacrifice, not the good brought about.
Say this individual would have earned $1,500 in their day job ($390k/year) had s/he not worked in the soup kitchen. This income is the sacrifice (cost). But the sacrifice says nothing about the good brought about by laboring in the soup kitchen.
It's not the loss to the doer that matters for the poor and homeless. This person's sacrifice does not automatically make them better off. What matters to them is what they get out of it. What is the gain? 8 hours, say, of serving food in the soup kitchen.
This is all well and good on its own, but it is an idiotic way of helping people in need. This person could do much more good by instead working their day job and donating the day's earnings toward paying people (perhaps the homeless) to work in the soup kitchen.
At the so-called "living wage" of $15/hr, this highly paid person could give the poor and homeless 100 hours of soup kitchen work instead of (their own) 8. That's an increase by a factor of over 12! But this act we do not consider as charitable, despite doing much more good.
Note that the sacrifice by this person is the same: $1,500 worth of labor. But the outcome is very different for the poor, who would have benefitted 12x more without this guy in the soup kitchen. But as bystanders we don't recognize the gain--we even prefer to do less good!
What we in effect do when calling the much less effective action (in terms of good outcome) charitable, but the effective one not, is to sacrifice the poor, who could have been helped much more. Because we want to see the rich not make the money they could.
In other words, what guides our ethics is envy: it is not to help as much as possible, but to do much less good if the "gain" is to see the highly productive do simple work. This is only destructive, and those losing out are the people we say we want to help.
It is difficult to think of anything more destructively and pathetically egotistical than this: to pretend to deal with charity by presenting one's envy as a higher moral code while, in effect, hurting if not sacrificing the very people you claim to want to help.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Per Bylund

Per Bylund Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PerBylund

14 Mar
Just putting this out there. My book from 2016 on how to properly understand the economy as a market process and the real impact of #regulations. Here's the publisher's page. (1/4) rowman.com/ISBN/978073919…
The lowest price is available from the @mises Institute bookstore. Paperback for $39.95. Additional discount for members. (2/4) store.mises.org/The-Seen-the-U…
Amazon has it available as hardcover, paperback, and Kindle, for both purchase (new and used) and rent. (3/4) amazon.com/Seen-Unseen-Un…
Read 4 tweets
10 Mar
If we realize the value problem, we also realize the real problem that #entrepreneurs face and must find a solution to. It's not to come up with The Idea, as is often assumed, nor the invention or the technology, but how to make something valuable to other people.
Value is the experience of satisfying a want, which means to find oneself in a better situation than before and compared to what one otherwise expected. This does not need specific inputs, but if it doesn't then there is nothing stopping us from simply satisfying it at whim.
The world's limited resources means we must try to get as valuable experiences as possible, to be as well off as we can, from what means are available to us. There is no end to how content we can imagine becoming, but the means are not enough to get us there. So we must choose.
Read 18 tweets
19 Feb
A short thread on critical thinking. To be critical is not to be contrarian, opposed, or anti--it's to be open for the possibility that you might have gotten it wrong. So, the more time/effort you've spend thinking critically about something, the more errors you'd have discarded.
That's where an 'expert' should be: they have, ideally, spent a lot of time studying some phenomenon and know a lot about it. So they would have already discarded plenty of false explanations. Unfortunately, getting an advanced degree doesn't automatically provide such expertise.
In other words: you should not accept someone's authority on a subject because of their titles/degrees. So, when I say something about the economy (my expertise), you should, if you disagree, push back, ask penetrating questions. It's likely that one of us got something wrong.
Read 9 tweets
25 Jan
The problem with #politics is that it exaggerates and makes (empty) slogans out of what we know. This applies to the #minimumwage too, where proponents of increasing it claim it will raise people's wages and opponents claim it will kill jobs. Neither is very accurate or finds
support in economic theory. Let's look at what a minimum wage law does, and then at what we can expect from it. Because the former is rarely admitted and the latter goes both ways. So, first, a minimum wage law is not an increase in anybody's wage, it is only a prohibition of
paying employees less than a stated amount. Raising the minimum wage law does not mean whoever is making less gets an automatic raise. What it does mean, especially after a transition period, is that there will be no jobs that create less value than is necessary for employers to
Read 21 tweets
10 Jan
The problem with (and for) #SiliconValley is their lack of #entrepreneurship. Yes, really: they're bad at being entrepreneurs, at providing the entrepreneurial function in the economy. To put it differently, they are technology driven in their profit-seeking but not consumer
driven. The difference is monumental both for the economy and the companies, and this is why they're failing. No, failing doesn't mean they are necessarily losing money, but that their profits are short-term and that they are undermining their own market positions. The business
they are in is not sustainable. This goes way beyond the selling of eyeballs, which is the focus of Facebook, Twitter, Google, and others. As it's often said, if you are not the paying for the product you *are* the product. Facebook is selling you, and your future purchases, to
Read 20 tweets
9 Jan
Twitter is obviously purging again...
-100 followers since last night. Keeps dropping.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!